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You have just received a quote for a 3 month USD/CHF FX swap. The dealer has quoted you 14/16 and says that the points are
You have just received a quote for a 3 month USD/CHF FX swap. The dealer has quoted you 14/16 and says that the points are in your favor. What have you done in this swap?
A: Sold USD in the first leg of the swap and bought USD in the second leg of the swap
B: Bought USD in the first leg of the swap and sold CHF in the second leg of the swap
C: Sold CHF in the first leg of the swap and bought USD in the second leg of the swap
D: Bought USD in the first leg of the swap and sold USD in the second leg of the swap
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Digital Finance Bits And Bytes The Road Ahead
Authors: Vasant Chintaman Joshi
1st Edition
