单选题
Why are payments NOT usually netted out in a currency swap?
A、
There are no payments in a currency swap except at initiation and maturity.
B、
The notional principal is not swapped at initiation.
C、
The payments are denominated in two different currencies.
【正确答案】
C
【答案解析】
Payments are not usually netted out because the payments are denominated in two different currencies, which does not easily allow for netting.
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