单选题
Which of the following statements regarding a plain vanilla swap is FALSE?
A、
The notional principal amounts are exchanged at contract initiation and at the termination of the swap.
B、
Only a net payment is made on each settlement date.
C、
If interest rates decrease, the swap has a negative value to the fixed rate payer.
【正确答案】
A
【答案解析】
There is no exchange of the principal amount at the initiation or termination of a plain vanilla swap.
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