问题
单项选择题
Which of the following statements regarding a plain vanilla swap is FALSE()
A. The notional principal amounts are exchanged at contract initiation and at the termination of the swap.
B. Only a net payment is made on each settlement date.
C. If interest rates decrease, the swap has a negative value to the fixed rate payer.
答案
参考答案：A
解析：
There is no exchange of the principal amount at the initiation or termination of a plain vanilla swap.