Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'swap confirmation'?

A. swap lifecycle event, such as a payment or rate reset event, that applies to one leg of a swap
B. financial service provider that provides a central facility for swap data reporting and recordkeeping
C. swap party that receives payments for a given leg of the transaction as defined in the contract
D. formal confirmation that codifies the terms and conditions specific to a lifecycle event with respect to the overall transaction between the parties

Answer: formal confirmation that codifies the terms and conditions specific to a lifecycle event with respect to the overall transaction between the parties