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3-month USD/CHF is quoted at 12/10. Interest rates in Switzerland are reduced but USD rates (which are higher) are unchanged. What would you expect the 3-month forward USD/CHF rate to be?
What is the result of combining a 1-month buy and sell FX swap with a 2-month sell and buy FX swap?
What is one of the responsibilities of the Middle Office according to the Model Code?