Which statement regarding entering into or ending a swap contract is INCORRECT?
A) A swap may be initiated by a phone-based conversation or direct negotiation.
B) A swap may be initialed via a web-based trading platform.
C) A swap may be initiated by running an auction to select counterparties.
D) A swap,once entered,must be held until maturity.
E) A swap may be closed through a buyout.
Correct Answer:
Verified
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