EURIBOR是啥？

问题如下：

Nils sets out to evaluate arbitrage opportunities using forward rate agreements (FRAs). Kozorez makes the following comments to Nils regarding FRAs. He states, “An FRA has two counterparties, a fixed rate receiver that is short Euribor and a floating rate receiver that is long Euribor. The party that is long a 3 × 9 FRA must make a Euribor deposit in three months and earns the Euribor rate for the subsequent six months.”

Kozorez’s comments to Nils regarding FRAs are most likely:

选项：

A.

incorrect regarding counterparties and incorrect regarding their transactions.

B.

correct regarding counterparties and incorrect regarding their transactions.

C.

correct regarding counterparties and correct regarding their transactions.

解释：

Nils has accurately described the short and long positions in an FRA. He has also correctly described the timing of the transactions of a 3 × 9 FRA. The counterparties are not required to exchange cash flows, however. Although an FRA can be done in conjunction with a Euribor deposit, it is not a requirement.