A swap that often involves an up-front fee or payment as compensation for nonstandard terms is
A)a pure credit swap.
B)a total return swap.
C)an off-market swap.
D)a plain vanilla swap.
E)an interest rate swap.

Question

Quizplus · Accepted Answer

An off-market swap involves nonstandard terms and often requires an up-front fee or payment as compensation. Pure credit swaps, total return swaps, plain vanilla swaps, and interest rate swaps may or may not involve up-front fees or nonstandard terms.

A Swap That Often Involves an Up-Front Fee or Payment