In international financial environment for settlement of debts there is a practice known as netting practice. The netting practice pertains to which one of the following?

Which of the following is false?

The given statements are related to financial derivatives. Choose the correct answer for the statements being correct or incorrect.
Statement I A speculator will gain, if he sells foreign currency under a forward contract, when the spot price is higher than the forward price.
Statement II In currency futures, intra currency spread exists when a speculator buys/sells the same currency for two delivery dates.

Which of the following is not a feature of IFM?

Which of the following statement is correct?
1. The interest rate in international credit market is depended on the LIBOR rate.
2. LIBOR varies in countries due to difference in the supply demand of a particular currency.
3. LIBOR is a fixed interest rate at which banks give loans to each other.