ACI Dealing Certificate (#88)

You have quoted your customer the following eurodollar deposit rates: 1M 5.375-25% 2M 5.4375-3125% 3M 5.5-375% The customer says, “I give you USD 20 million in the two’s”. What have you done?

Borrowed USD 20 million at 5.3125%
Lent USD 20 million at 5.4375%
Borrowed USD 20 million at 5.4375%
Lent USD 20 million at 5.3125%