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In an interest rate swap between AAA who wants to convert fixed rate loan to floating-rate loan and BBB who wants to convert floating-rate loan

  1. In an interest rate swap between AAA who wants to convert fixed rate loan to floating-rate loan and BBB who wants to convert floating-rate loan to fixed-rate loan:
  1. AAA Will pays fix rate and receive floating rate for the term of the swap contract
  2. AAA Will receive floating rate and pay fix rate for the term of the swap contract
  3. BBB Will pay floating rate and receive fix rate for the term of the swap contract
  4. BBB Will pay fix rate and receive floating rate for the term of the swap contract

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