A derivative designated as a hedge of a firm commitment (such as a documented

forthcoming sale or purchase):

A) Is marked to market each period along with the hedged purchase or sale

commitment, even though the sale or purchase has not occurred

B) Remains off-balance-sheet until the sale or purchase takes place

C) Offsets the hedged item that is marked to market each period, with the resulting

gain or loss deferred until the derivative is closed out

D) Is marked to market each period, with the resulting gain or loss deferred until the

sale or purchase takes place