Which of the following statements is true regarding over the counter derivatives

Which of the following statements is valid for mutual funds in India? ... Over the counter markets; Capital counter markets; Past counter markets ...9 thg 7, 2008 ... Participants in the credit derivatives market and other OTC ... Those whose internal ratings are equivalent to below investment grade ...WebOTC, or over-the-counter, markets facilitate trading of stocks that don't ... (Note: In the book/movie The Wolf of Wall Street, which was based on true ...WebWhich of the following would be a positive finding? PID 1. An 18-year-old waitress is diagnosed with pelvic inflammatory disease (PID). The cervical Gen-Probe result is positive for Neisseria gonorrhoeaeand negative for Chlamydia trachomatis. All of the following statements are true regarding the management of this patient except: 2. Oct 02, 2021 · An over-the-counter (OTC) derivative is a financial contract that does not trade on an asset exchange, and which can be tailored to each party's needs. A derivative is a security with a price... Over-the-counter (OTC) or off-exchange trading or pink sheet trading is done directly between two parties, without the supervision of an exchange.Which of the following statements regarding keywords is true? Which of the following statements regarding the Ad Rank factors are true? Which of the following statements are true about data storytelling? Select all that apply. Which of the following is true regarding customer personas? Select all that apply. Which of the following is true ... genocyber vajraWebWhich of the following statements is true regarding the over-the-counter (OTC) market? O a. Trades on the OTC market are made from a central geographical location O b. The OTC market is a relatively small market for bond trading O c. The OTC market is has no regulatory authority O d.16 thg 5, 2022 ... FSB Statement Welcoming Smooth Transition from LIBOR (April 2022) ... is conducted in cleared over-the-counter (OTC) and exchange-traded ...The price in the contract is known as the exercise price or strike price; the date in the contract is known as the expiration date or maturity date. American options can be exercised at any time up to the expiration date. European options can be exercised only on the expiration date itself. There was a lack of transparency concerning the risk profile of participants and the value of transactions. In 2009, following the global financial crisis of ...MOD 4: Week 9 Teaching Note by Andrea Vedolin Hedging with Derivatives Instruments such as futures, forwards, swaps, options, and structured products can be used for hedging, for speculation, and for arbitrage. 1 Futures, forwards, and swap contracts have the effect of locking in the prices that will apply to future transactions.Web resnet eval Strong revenue performance gaining market share as countries execute digital operator strategy. Amsterdam, 3 November 2022 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON),5 of ignorance" God "winked at"' -" over-looked." ... "1Man is mortal," and "Man is immortal." Both statements are true, each from its own point of view; they do not collide in the least. ... would harmonize the apparently counter-statements of two historians - cannot be admitted, and is, in fact, a surrender of the argumeont. But to say so, is ...WebI. Derivative financial instruments should be measured at fair value and reported in the balance sheet as assets or liabilities. II. Gains and losses on derivative instruments not designated as hedging activities should be reported and recognized in earnings in the period of the change in fair value. I only. II only. Both I and II.Which of the following statements is TRUE regarding colligative properties in solution? Select one:a. For a given concentration of solute in an aqueous solution, the magnitude of boiling point elevation is always lower than the magnitude of freezing point depression.b. Colligative properties depend on the concentration and type of solute ...Derivatives are defined as the type of security in which the price of the security depends or is derived from the price of the underlying asset. The most common underlying assets include bonds, commodities, stocks, currencies and interest rates. The common types of derivatives include forwards, options, futures, warrants and swaps. pinegrove cemetery deceased search A) The gamma of a long position in a European option takes the highest value for deep in-the-money options. B) The delta of a short position in a European put is between -1 and 0. C) The delta of a long position in a deep in-the-money European put is close to zero. D) The gamma and the vega of a long position in a European put are positive.Web g2g forgot passwordWhich of the following statements is TRUE regarding colligative properties in solution? Select one:a. For a given concentration of solute in an aqueous solution, the magnitude of boiling point elevation is always lower than the magnitude of freezing point depression.b. Colligative properties depend on the concentration and type of solute ...A) The gamma of a long position in a European option takes the highest value for deep in-the-money options. B) The delta of a short position in a European put is between -1 and 0. C) The delta of a long position in a deep in-the-money European put is close to zero. D) The gamma and the vega of a long position in a European put are positive. A stock exchange promotes liquidity, gives transparency, preserves market price and alleviates credit risk regarding party default during a transaction. In an ...WEEK 1 DISCUSSION OPTION A”Writing and Record Keeping in Mesopotamia” Please respond to the following using sources under the Explore heading as the basis of your response:Describe the “envelopeԠ seal and the early Mesopotamian writing process and discuss expectations of recordkeeping. Identify the issue being kept “on file Ԡand comment on what this reveals about […]The 5 years since the enactment of Dodd-Frank have seen some significant progress in the reporting of OTC derivatives trades and several clear victories in the quest for market transparency. However, this progress remains uneven, and major gaps remain in translating that progress in data reporting to meaningful market oversight. Webof large contracts, and liquidity are the main drivers of OTC deriva- ... of the OTC market. In 1989, the CFTC issued the “Policy Statement Concerning.WebWebarrow_forward. Which of the following statements is correct? A) The gamma of a long position in a European option takes the highest value for deep in-the-money options. B) The delta of a short position in a European put is between -1 and 0. C) The delta of a long position in a deep in-the-money European put is close to zero.WebAlthough its origins could be found in those crowds as well, the party had been accumulating crowds for over a 38 Politics and Pedagogy in the "Post-Truth" Era. decade, and in each intervention had pushed the crowd forward and grown even more. The party aggregates crowds to struggle over the actual manifestations of study.Which of the following statements is true regarding management of investments? Derivatives are reported at fair value on the financial statements. A sound investment strategy focuses on long-term returns of the fund. Total return targets should be determined based solely on maximizing return. Arbitrage rules apply only to general obligation bondsChapter 11 - Derivatives Markets Term 1 / 43 Which one of the following statements is true? a. Derivative securities are used to minimize or eliminate an investor's or a firm's exposure to various types of risk that they may be exposed to. b. Derivatives are financial securities which are based upon or derived from existing securities.WebExpert Answer Answer: a. Compared to an exchange-traded derivative, a disadvantage of OTC derivatives is their difficulty in unwinding position or assigning to another counterparty. Explanation : - OTC (over the counter) derivati … View the full answer Previous question Next question urllib urlopen MOD 4: Week 9 Teaching Note by Andrea Vedolin and • S: price of the underlying stock • K: strike price • r: risk-free rate • T – t: time to maturity • 𝜎𝜎: volatility of the underlying stock Let’s use the example of Goldman Sachs above to calculate the hypothetical price of a call option that expires in May with a strike of $350. A stock derivative is any financial instrument for which the underlying asset is the price of an equity. Futures and options are the main types of derivatives on stocks. The underlying security may be a stock index or an individual firm's stock, e.g. single-stock futures.The derivative transaction rules impose obligations on reporting entities to report information about their transactions and positions in OTC derivatives to ...A is incorrect because exchange-traded derivatives are standardized, whereas over-the counter derivatives are customized. C is incorrect because exchange-traded derivatives are characterized by a high degree of transparency because all transactions are disclosed to exchanges and regulatory agencies, whereas over-the counter derivatives are relatively opaque. When a proof is not included, the z appears immediately following the statement of the theorem. Rounding Error. Squeezing infinitely many real numbers into a ...(347) True, shareholders could fabricate brokerage statements, or send in outdated or incomplete ones. But 13F is hardly an ironclad solution itself. An investor holding SO in a stock on March 30 could acquire SI00 million at the end of the quarter on March 31, sell it all the next day on April 1, report the SI00 million end-of-quarter position ...of large contracts, and liquidity are the main drivers of OTC deriva- ... of the OTC market. In 1989, the CFTC issued the “Policy Statement Concerning.Theoretical drug concentration profile following multiple dosing of a drug as an immediate-release ... The following statements are either true or false.Strong revenue performance gaining market share as countries execute digital operator strategy. Amsterdam, 3 November 2022 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), The classical unities or three unities in drama are: •The unity of action: a play should have one main action that it follows, with no or few subplots. •The unity of place: a play should cover a single physical space and should not attempt to compress geography, nor should the stage represent more than one place. aikijujutsu pdf WebPrerequisite(s): Permission of Cooperative Work Experience Education advisor/instructor and employment supervisor Transfer Status: CSU. Career Work Experience (CWE) is a course that gives students the opportunity to earn both a grade and units for what they learn on the job related to their vocational major while gaining practical work experience.9 thg 7, 2008 ... Participants in the credit derivatives market and other OTC ... Those whose internal ratings are equivalent to below investment grade ...Which of the following statements is true regarding the architecture of Versailles? The design of Versailles makes use of pastel colors and curvilinear lines. Versailles has small rooms which emphasize interior space. Versailles includes ceiling paintings which reference classical Rome. Versailles was designed to include several oval rooms. HESI Computerized Adaptive Testing 7(CAT) with Rationales Latest updated 2022 A nurse is counseling the spouse of a client who has a history of alcohol abuse. What does the nurse explain is the main reason for drinking alcohol in people with a long history of alcohol abuse? 1 They are dependent on it. 2 They lack the motivation to stop. 3 They use it for coping. 4 They enjoy the associated ...WebWhich of the following characteristics is associated with over the counter derivatives? They are less transparent than exchange-listed derivatives Market makers earn a profit in both exchange and OTC derivatives markets by: Buying one price, selling at a higher price, and hedging any risk.Which of the following statements regarding keywords is true? Which of the following statements regarding the Ad Rank factors are true? Which of the following statements are true about data storytelling? Select all that apply. Which of the following is true regarding customer personas? Select all that apply. Which of the following is true ... how to make a sugar daddy profile The classical unities or three unities in drama are: •The unity of action: a play should have one main action that it follows, with no or few subplots. •The unity of place: a play should cover a single physical space and should not attempt to compress geography, nor should the stage represent more than one place. User: Which of the following was not a main part of the Declaration of ...Over-the-counter trading can be of the following types based on the below-listed underlying assets: 1. Interest Rate Derivatives: Here, the underlying asset is ...Over-the-counter trading can be of the following types based on the below-listed underlying assets: 1. Interest Rate Derivatives: Here, the underlying asset is ...WebWebSelect one or more answers. A. Derivatives are not "issued" by firms, instead they are contracts between secondary parties. B. If Apple common stock is the underlying asset in a derivative security, that derivative security will typically have been issued by Apple. C. A futures contract is a type of derivative security.In this paper, we reconsider the usefulness of government transfers as a tool of stabilization policy, and the issue of coordination between monetary and fiscal policies, under a more modest assumption about the degree to which people should be able to correctly foresee the future consequences of a novel policy. WebWebin addition, you and your users will not, and are prohibited from: (a) copying, modifying, or creating derivative works or improvements of the services; (b) renting, leasing, lending, selling, sublicensing, assigning, distributing, publishing, transferring, or otherwise making available any services, our data (as defined in section 3), third …MOD 4: Week 9 Teaching Note by Andrea Vedolin Hedging with Derivatives Instruments such as futures, forwards, swaps, options, and structured products can be used for hedging, for speculation, and for arbitrage. 1 Futures, forwards, and swap contracts have the effect of locking in the prices that will apply to future transactions.Web when is youth sunday 2022 A) The gamma of a long position in a European option takes the highest value for deep in-the-money options. B) The delta of a short position in a European put is between -1 and 0. C) The delta of a long position in a deep in-the-money European put is close to zero. D) The gamma and the vega of a long position in a European put are positive.Webtypes of antispasmodic medications, which are available as over-the-counter or prescription only products, depending on the market, include (1) antimuscarinics, for example, hyoscine butylbromide, dicycloverine hydrochloride (dicyclomine), and cimetropium; (2) the phosphodiesterase inhibitors drotaverine and papaverine; (3) the sodium channel …HESI Computerized Adaptive Testing 7(CAT) with Rationales Latest updated 2022 A nurse is counseling the spouse of a client who has a history of alcohol abuse. What does the nurse explain is the main reason for drinking alcohol in people with a long history of alcohol abuse? 1 They are dependent on it. 2 They lack the motivation to stop. 3 They use it for coping. 4 They enjoy the associated ...I. Derivative financial instruments should be measured at fair value and reported in the balance sheet as assets or liabilities. II. Gains and losses on derivative instruments not designated as hedging activities should be reported and recognized in earnings in the period of the change in fair value. I only. II only. Both I and II.Aug 07, 2018 · The central clearing of standardised OTC derivatives is a pillar of the G20 Leaders’ commitments to reform OTC derivatives markets in response to the financial crisis. A number of post-crisis reforms are, directly or indirectly, relevant to incentives to centrally clear. A large majority of the relevant international standards have been ... jobs in fort myers Which of the following statements regarding keywords is true? Single Choice Question. Please Choose The Correct Option a Tools are a distraction to the keyword research process. b Keyword research is done after creating content. c There is one preferred way to do keyword research.WebWebWebSimilar to all other financial instruments, derivatives require two parties for the trading to happen- long and short party. Some types of derivative instruments are traded in exchange-traded markets whereas the others trade in the over-the-counter markets. Few derivative instruments trade in both exchange-traded and over-the-counter markets.A) The gamma of a long position in a European option takes the highest value for deep in-the-money options. B) The delta of a short position in a European put is between -1 and 0. C) The delta of a long position in a deep in-the-money European put is close to zero. D) The gamma and the vega of a long position in a European put are positive. Which of the following statements is true regarding management of investments? Derivatives are reported at fair value on the financial statements. A sound investment strategy focuses on long-term returns of the fund. Total return targets should be determined based solely on maximizing return. Arbitrage rules apply only to general obligation bonds dailymotion serije domace Which of the following statements is true regarding the over-the-counter (OTC) market? O a. Trades on the OTC market are made from a central geographical location O b. The OTC market is a relatively small market for bond trading O c. The OTC market is has no regulatory authority O d.A) They are medications the FDA has deemed safe for use without a physician's prescription. B) Many of these medications were formerly prescription drugs. C) Many ingredients in over-the-counter drugs have not been proven by the FDA to be effective.D) All answer choices are correct. D ) All answer choices are correct .Apr 01, 2009 · "Recent events underscore the need for more progress in reducing risk in the OTC derivatives market. Collective international efforts have increased operational efficiency and created greater transparency. WebWebIn this paper, we reconsider the usefulness of government transfers as a tool of stabilization policy, and the issue of coordination between monetary and fiscal policies, under a more modest assumption about the degree to which people should be able to correctly foresee the future consequences of a novel policy.Jul 24, 1998 · Brooksley Born Testimony Regarding the Over-the-Counter Derivatives Market. View Document Back to Search Results Media Type Document Media Date July 24, 1998 Crisis Which of the following statements is TRUE regarding colligative properties in solution? Select one:a. For a given concentration of solute in an aqueous solution, the magnitude of boiling point elevation is always lower than the magnitude of freezing point depression.b. Colligative properties depend on the concentration and type of solute ...WebAn over-the-counter (OTC) derivative is a financial contract that is arranged between two counterparties but with minimal intermediation or regulation. OTC derivatives do not have...MOD 4: Week 9 Teaching Note by Andrea Vedolin and • S: price of the underlying stock • K: strike price • r: risk-free rate • T – t: time to maturity • 𝜎𝜎: volatility of the underlying stock Let’s use the example of Goldman Sachs above to calculate the hypothetical price of a call option that expires in May with a strike of $350. for islamists, islam is the only alternative to modernism.4 peter mandville, a former us state department official, sees islamism as a political and intellectual movement that emerged as a reaction to the westernization of muslim regimes.5 starting from these definitions, in this study, by the term islamism we mean that ideology characterized by …Which of the following statements about derivatives is not true? A. They are used for risk management. B. They are created in the form of legal contracts. C. They are created in the spot market. Which of the following statements about exchange-traded derivatives is least accurate? A. They are more transparent than over-the-counter derivatives. B.Derivatives can be traded in two different ways. There are exchange-traded derivatives, or ETD, in other words, derivatives traded through specialised exchanges with publicly visible prices and there are derivatives traded without being listed on an asset exchange. In this case, they are called over-the-counter derivatives, or OTC derivatives.Determine which of the following statements about P is TRUE. ... (B) Over-the-counter forward contracts can be customized to suit the buyer or.WebChoose the best answer. a. Stating a hypothesis before conducting experiments ensures that the method will follow an inductive process of reasoning. b. By stating a formal hypothesis, a scientist can adequately design the best control conditions for designing experiments intended to falsify the hypothesis. c.The recommendation also recognizes that, over time, considerable parts of documentary heritage have disappeared due to natural or human disasters or are becoming inaccessible through rapid technological change. Lack of legislation makes it difficult for memory institutions to counter irreversible loss and impoverishment of that heritage.accounting imposes strict rules on how companies report gains or losses on derivatives transac-tions in financial statements.1 These rules require companies to measure the fair value of assets as of a certain date, which for any forward-dated contract is a mark-to-market valuation. A hedge All of the following statements regarding derivatives are correct, except a. The derivatives should be recognized as assets and liabilities. b. The derivatives should be reported at fair value. c. Gains and losses resulting from speculation should be deferred. d. Gains and losses resulting from fair value hedge are reported immediately. c.The price in the contract is known as the exercise price or strike price; the date in the contract is known as the expiration date or maturity date. American options can be exercised at any time up to the expiration date. European options can be exercised only on the expiration date itself.Strong revenue performance gaining market share as countries execute digital operator strategy. Amsterdam, 3 November 2022 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), extending infrastructure improvements to OTC equity, interest rate, foreign exchange, and commodity derivatives as guided by the March 2008 policy statement by the Presidents Working Group on Financial Markets. Market participants reaffirmed their commitment to the objectives laid out in their March 27, 2008 letter to regulators. von mccray yuma accident WebOct 02, 2021 · An over-the-counter (OTC) derivative is a financial contract that does not trade on an asset exchange, and which can be tailored to each party's needs. A derivative is a security with a price... sprinkler system won t turn on after power outage WebIn response to the crisis, a crucial goal of the G20 financial reform commitments was to bring about greater regulatory transparency in the over-the-counter (OTC) derivatives marketplace. With that focus, the United States imposed broad data collection requirements for OTC derivatives and established swap data repositories (SDRs) to collect and ...Which of the following statements is true regarding management of investments? Derivatives are reported at fair value on the financial statements. A sound investment strategy focuses on long-term returns of the fund. Total return targets should be determined based solely on maximizing return. Arbitrage rules apply only to general obligation bonds Which of the following statements is true regarding the over-the-counter (OTC) market? O a. Trades on the OTC market are made from a central geographical location O b. The OTC market is a relatively small market for bond trading O c. The OTC market is has no regulatory authority O d.4 thg 4, 2008 ... Which of the following statements regarding exchange-traded derivatives is ... B) have good liquidity in the over-the-counter (OTC) market.Which of the following statements is true regarding the over-the-counter (OTC) market? O a. Trades on the OTC market are made from a central geographical location O b. The OTC market is a relatively small market for bond trading O c. The OTC market is has no regulatory authority O d. An over-the-counter (OTC) derivative is a financial contract that is arranged between two counterparties but with minimal intermediation or regulation. OTC derivatives do not have...The payoff is never assured with certainty. II. A swap is a derivative instrument between counterparties that only exchanges a series of cash flows for specific ...BUILDING BRIDGES ‑ ENHANCING MULTI‑STAKEHOLDER COOPERATION FOR GROWTH AND SUSTAINABLE DEVELOPMENT. OCTOBER 22, 2013. 10:45 A.M. FLASH SESSION. OPEN NET KOREA. * * *. The following is the output of the real-time captioning taken during the Eigth Meeting of the IGF, in Bali, Indonesia. Although it is largely accurate, in some cases it may be ...... following statements is true regarding the over-the-counter (OTC) market? O a. Trades on the OTC market are made from a central geographical location O ...Web 1978 ford highboy I. Derivative financial instruments should be measured at fair value and reported in the balance sheet as assets or liabilities. II. Gains and losses on derivative instruments not designated as hedging activities should be reported and recognized in earnings in the period of the change in fair value. I only. II only. Both I and II. All of the following statements regarding derivatives are correct, except a. The derivatives should be recognized as assets and liabilities. b. The derivatives should be reported at fair value. c. Gains and losses resulting from speculation should be deferred. d. Gains and losses resulting from fair value hedge are reported immediately. c.WebA) Marketing intelligence is privately held information. B) The advantage of using competitive intelligence is negligible. C) All marketing intelligence is free. D) Marketing intelligence is publicly available information. E) Marketing intelligence gathering is more focused on gaining insights into consumer activities than competitors' activities.Expert Answer Answer: a. Compared to an exchange-traded derivative, a disadvantage of OTC derivatives is their difficulty in unwinding position or assigning to another counterparty. Explanation : - OTC (over the counter) derivati … View the full answer Previous question Next question verizon apn static the extraordinary development of the markets for financial derivatives. Over-the-counter derivatives have transformed the world of finance, increasing the range of financial products available to corporations and investors and fostering more precise ways of understanding, quantifying, and managing risk. WebExpert Answer Answer: a. Compared to an exchange-traded derivative, a disadvantage of OTC derivatives is their difficulty in unwinding position or assigning to another counterparty. Explanation : - OTC (over the counter) derivati … View the full answer Previous question Next question MOD 4: Week 9 Teaching Note by Andrea Vedolin Hedging with Derivatives Instruments such as futures, forwards, swaps, options, and structured products can be used for hedging, for speculation, and for arbitrage. 1 Futures, forwards, and swap contracts have the effect of locking in the prices that will apply to future transactions. arrow_forward. Which of the following statements is correct? A) The gamma of a long position in a European option takes the highest value for deep in-the-money options. B) The delta of a short position in a European put is between -1 and 0. C) The delta of a long position in a deep in-the-money European put is close to zero. extending infrastructure improvements to OTC equity, interest rate, foreign exchange, and commodity derivatives as guided by the March 2008 policy statement by the Presidents Working Group on Financial Markets. Market participants reaffirmed their commitment to the objectives laid out in their March 27, 2008 letter to regulators. rebornica mike and foxy Sebastian Co has just reported the following statement of profit or loss: ... of the following statements regarding Over-the-Counter derivatives is true?All of the following statements regarding derivatives are correct, except a. The derivatives should be recognized as assets and liabilities. b. The derivatives should be reported at fair value. c. Gains and losses resulting from speculation should be deferred. d. Gains and losses resulting from fair value hedge are reported immediately. c.S.Hrg. 116-119 — OVERSIGHT OF FINANCIAL REGULATORSWeb hdmi vs hdmi arc vs hdmi earc The European Markets and Infrastructure Regulations (EMIR) is a body of European Union law which came into force on 16 August 2012. During the G20 Summit held in 2009 following the 2008 financial crisis, G20 leaders agreed that all standardised over-the-counter (OTC) derivative contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through ...Although its origins could be found in those crowds as well, the party had been accumulating crowds for over a 38 Politics and Pedagogy in the "Post-Truth" Era. decade, and in each intervention had pushed the crowd forward and grown even more. The party aggregates crowds to struggle over the actual manifestations of study.An over-the-counter (OTC) derivative is a financial contract that does not trade on an asset exchange, and which can be tailored to each party's needs. A derivative is a security with a price...A stock derivative is any financial instrument for which the underlying asset is the price of an equity. Futures and options are the main types of derivatives on stocks. The underlying security may be a stock index or an individual firm's stock, e.g. single-stock futures.A resilient and well-functioning over-the-counter (OTC) derivatives market is an important component of the financial markets and broader global economy. The OTC derivatives market: Serves important economic purposes, such as enabling market participants to hedge exposures, invest and manage risks; and9 thg 7, 2008 ... Participants in the credit derivatives market and other OTC ... Those whose internal ratings are equivalent to below investment grade ... remove and reinstall chain link fence Which of the following statements is true regarding management of investments? Derivatives are reported at fair value on the financial statements. A sound investment strategy focuses on long-term returns of the fund. Total return targets should be determined based solely on maximizing return. Arbitrage rules apply only to general obligation bonds Which of the following statements true regarding the production of : 387576. Which of the following statements is true regarding the production of methane in water? it occurs in the presence of oxygen, it consumes oxygen it removes biological oxygen demand from the water it is accomplished by oxic bacteria.WebMost of the OTC market has historically been structured around London whereas exchanges offering both gold spot and futures trading can be found in various ...A) The gamma of a long position in a European option takes the highest value for deep in-the-money options. B) The delta of a short position in a European put is between -1 and 0. C) The delta of a long position in a deep in-the-money European put is close to zero. D) The gamma and the vega of a long position in a European put are positive. who are the models in the cadillac commercial