Federal regulations in Canada allow derivatives to be used only by the 25 largest banks.
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Q2: Immunizing the balance sheet against interest rate
Q4: Delivery of the underlying asset almost always
Q5: A forward contract has only one payment
Q7: Forward contracts are marked-to-market on a daily
Q10: An FI with a negative duration gap
Q14: Forward contracts are individually negotiated and, therefore,
Q15: A spot contract specifies deferred delivery and
Q16: Commercial banks, investment banks, and broker-dealers are
Q32: Microhedging uses futures or forward contracts to
Q37: More FIs fail due to credit risk
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