1. An equity swap is an agreement facilitated by an intermediary such as an exchange that guarantees the parties involed against default risk

True

False

2. An equity swap is an agreement where both parties involved agree to swap the returns on two different commodities such as gold and wheat.

True

False

3. For an equity swap, the notional principal may be fixed notional or variable notional

True

False

4. In an equity swap, one party may make or receive both payments at a given settlement date.

True

False