If a broker refers to "the payer of 5-year euro at 4.12", what is this party doing?

Question

Options

• APaying a fixed rate of 4.12% per annum on a 30/360 basis over 5 years in euros through an interest rate
• BPaying a fixed rate of 4.12% per annum on an actual/actual basis over 5 years in euros through an interest
• CPaying a 5-year euro deposit and receiving a rate of interest of 4.12% on an actual/360 basis.

• A
  70% (19)
• B
  19% (5)
• C
  11% (3)

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