A sold JUN 3-month STIR-future should be reported in the gap report as of 22 May:
A) as a given deposit with a term of one month and a taken deposit with a term of four months
B) as a taken deposit with a term of one month
C) as a taken deposit with a term of one month and a given deposit with a term of four months
D) as a given deposit with a term of four months

Question

Quizplus · Accepted Answer

A sold 3-month STIR future as of 22 May should be reported as a given deposit with a term of one month (since it expires in June) and a taken deposit with a term of four months (since it covers the period from June to September).

A Sold JUN 3-Month STIR-Future Should Be Reported in the Gap