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3. Interest rate swaps: risk. b. Require the counterparties to make one another's principal and interest payments. Expose all counterparties to credit risk. d. If

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3. Interest rate swaps: risk. b. Require the counterparties to make one another's principal and interest payments. Expose all counterparties to credit risk. d. If arranged by a bank require every fixed-rate payer to be matched to a floating-rate payer

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