On 27/06/2018, you took a EUR 100,000 loan from a bank, for a period of 5 years. Under the terms of the loan, you must pay an annual interest rate in arrears, equal to the 12-month EURIBOR, set on the 27th of June every year. The interest rate for the payment due on 27/06/2021 has just been fixed today, but the two remaining payments of 27/06/2022 and 27/06/2023 will be determined in the future (in June 2021 and June 2022 respectively). You are concerned about the possibility of rising interest rates, which would make your debt service more difficult. Which of the following derivatives could help you to cover the interest rate risk

1) 3 year interest rate swap, by which you receive Fix and pay Euribor

2) 3 year interest rate swap, by which you pay Fix and receive Euribor

3) 3-year cross currency swap, where you receive Euros and pay Dollars