_____ a Domestic Importer Enters into an FX Forward to Hedge

Multiple Choice

_____ A domestic importer enters into an FX forward to hedge an FX payable on an importing transaction. Concerning these two transactions,

A) Any premium or discount is to be deferred until the settlement date.
B) Any FX gains and losses are to be deferred until the settlement date.
C) The FX payable to the vendor is to be continuously carried at the forward rate.
D) The importer's obligation to the FX trader is a liability to be recorded at the inception of the contract at the spot rate.
E) None of the above.