Which of the following are some of the characteristics of this product type ?

You are testing cross-currency swaps .

Which of the following are some of the characteristics of this product type ? Note: There are 2 correct answers to this question.
A . Nominal amounts are not exchanged.
B . Interest based on the nominal currency amount is exchanged.
C . Nominal amounts are exchanged.
D . Interest payment amounts are netted.

Answer: B C

Explanation:

Cross-currency swaps are financial transactions that involve the exchange of interest payments and principal amounts in different currencies.

Some of the characteristics of this product type are:

interest based on the nominal currency amount is exchanged and nominal amounts are exchanged.

The interest payments can be fixed or variable and are based on the nominal amount of each currency. The nominal amounts are exchanged at the start and end of the swap using agreed exchange rates.

Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html