Derivative financial instrument characteristics

1) All of the following are characteristics of a EXCEPT the instrument

A. All of these are characteristics
B. has one or more underlyings and an identified payment provision
C. requires a large investment at the inception of the contract
D. requires or permits net settlement

2) The accounting for fair value hedges records the derivative at its

A. historical cost
B. amortized cost
C. carrying value
D. fair value