In a ________, the Party That Wants Out of the Transaction

Multiple Choice

In a ________, the party that wants out of the transaction will arrange for an additional swap in which (1) the maturity on the new swap is equal to the time remaining of the original swap, (2) the reference rate is the same, and (3) the notional principal amount is the same.

A) swap sale
B) swap buy-back
C) close-out
D) swap reversal