In a BBSW-In-Arrears Swap, the Following Is True: Choose One)

Multiple Choice

In a BBSW-in-arrears swap, the following is true: choose one)

A) The floating payment made on a date is the BBSW rate on the previous payment date.
B) The floating payment on a date is the BBSW rate two payment dates ago.
C) The floating payment on a date is the BBSW rate on that date.
D) The floating payment on a date is the BBSW rate on that date only when it is higher than the BBSW rate on the previous payment date.