Under ASC 815, which of the following conditions must be met to apply 'Short-Cut Method' hedge accounting for an interest rate swap?

The swap must be effective within a range of 80-125%.

Management must document the hedge within 30 days of inception.

The swap must have a non-zero fair value at inception.

The notional amount of the swap must match the principal amount of the hedged item, and the fair value of the swap at inception must be zero.