There are several different types of derivative securities, including forwards, futures, swaps, inverse floaters, and structured notes. These securities may be used to manage the risks of business organizations or to speculate on certain market events. Consider the descriptions or characteristics in the following table and indicate the type of derivative to which each corresponds:

Description or Characteristic	Type of Derivative
This type of derivative security uses the exchange of two streams of interest payments to hedge against unexpected and negative changes in interest rates or to speculate and profit from changes in interest rates.
This type of debt security, such as a note or bond, has a coupon that exhibits an opposite relationship with short-term market interest rates.
This type of derivative security involves the exchange of the principal and interest payments of one borrowers loan, denominated in one currency, for the principal and interest payments owed by a counterparty, denominated in another currency.
This type of debt security has a value that is derived from the value of another debt security, such as a collateralized mortgage obligation (CMO) or an interest only (IO) security.

Consider the case of GizmonTech Corp. (GTC). The investment bankers serving GizmonTech Corp. (GTC) say that they can sell the companys new bond issue only if GTC issues the bonds with a fixed rate of 9.9%. However, GTC believes that its business tends to be positively correlated with interest rates, which means that when interest rates rise, its business increases, and vice versa. As a result, GTC would prefer to pay a floating rate on its bonds. Which of the following derivatives transactions would help GTC achieve its goal?

Inverse floater

Structured note

Currency swap

Interest rate swap

Investment banks will purchase large blocks of 30-year noncallable Treasury bonds and then ____ them to create a series of zero coupon bonds.