ACI Dealing Certificate (#6)

An Overnight Indexed Swap (OIS) is:

A fixed-floating money market swap in which the floating rate is an overnight index fixed periodically over the term of the swap
A fixed-floating money market swap in which the floating rate is the mean of the overnight index over the term of the swap
A fixed-floating money market swap in which the floating rate is an overnight index compounded daily
A floating-for-floating rate swap in different currencies in which both floating rates are overnight indexes compounded daily