An intermediated swap:

Select one:

a. may be contracted between an entity and a financial institution, usually a bank, to exchange interest payments associated with the notional principal amount.

b. generally, there is no counterparty risk associated with intermediated swap unlike the direct swap because the counterparty is generally a bank.

c. is similar to a sequence of forwarding rate agreements in which on settlement dates borrowers receive or make payment to the bank.

d. all of the given answers.