One of the Main Risks Eliminated with Cross-Currency Swaps Once

Multiple Choice

One of the main risks eliminated with Cross-Currency Swaps once compared to back-to-back loans is

A) interest rate risk because the swap dealer locks the interest rates.
B) counterparty risk because the intermediary serves as a guarantor.
C) balance sheet risk since the swap is reported on the balance sheet as liability.
D) all of the above