I [4 marks] It is ourrently December 2001. Exactly one year agor your company entered a one year swap with quarterly settlement payments, 1elast net...

Select all of the features of a swap contract from the list below.

This derivative security is an obligation.

This derivative security is a tailored OTC contract.

This derivative security costs nothing to enter.

This derivative security incurs a premium on purchase.

This derivative security is a standardised exchange traded contract.

This derivative security is not an obligation.