ACI
3I0-013 · Question #139
Today is the fixing date for 6x9 FRA that you sold at 5.50% and for which the LIBOR is now 6.00%. Which of the following is true?
The correct answer is B. You will receive the cash settlement. See the full explanation below for the reasoning.
Question
Today is the fixing date for 6x9 FRA that you sold at 5.50% and for which the LIBOR is now 6.00%. Which of the following is true?
Options
- AYou will pay a cash settlement to the counterparty
- BYou will receive the cash settlement
- CThere is no cash settlement pending
- DThere is insufficient information to make a determination
How the community answered
(26 responses)- A4% (1)
- B77% (20)
- C15% (4)
- D4% (1)
Community Discussion
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