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Which of these IS a reason that a swap might be used instead of a futures contract? NYMEX futures are not traded for delivery in

Which of these IS a reason that a swap might be used instead of a futures contract?

NYMEX futures are not traded for delivery in the Southeastern US, while Swaps can be used for this region

Swaps can be structured for a shorter price term than futures

Future Contracts involve much more counterparty risk than swaps

Swaps are regulated but futures are not

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