n NISM Certifications
XIII NISM Series XIII
Medium

Everest Ltd. entered into a contract with Bank of Baroda under which Everest Ltd will receive interest at 7.5% p.a. and pay interest to Bank of Baroda at MIBOR on a principal of Rs. 25 crore for a period of 3 years from today. This contract is known as ______ .

Practice question from NISM Series XIII for SIF - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Swap

    Correct answer

  2. B

    Option contract

  3. C

    Futures contract

  4. D

    Forward contract

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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