Suppose that seven years ago, a market maker quoted these terms for a five-year swap: T+60 I T+90 versus 6-month.

The meaning of this quote Is: A. The market maker is willing to receive a fixed rate based on the 12 year Treasury + 90 basis points. B. The market maker is willing to pay a fixed rate based on the 5 year Treasury + 90 basis points. C. The market maker is willing to receive a fixed rate based on the 12 year Treasury + 60 basis points. D. The market maker is willing to pay a fixed rate based on the 5 year Treasury + 60 basis points.