这道题出在权益moduel1是不是超纲了

问题如下：

An investor has held JCKR company's long-term bond for a long time. But now, JCKR company is going through a financial crisis ,so its long-term bond might default. Which of the following operation will help the investor to compensate himself ?

选项：

A.

Buy a primary derivative contract.

B.

Buy a physical derivative contract.

C.

Buy a financial derivative contract.

解释：

C is correct.

Credit default swaps are a form of insurance that makes a payment if an issuer defaults on its bonds, and the credit default swaps is a kind of financial derivative contract.

C是正确的。

本题考察的其实是同学们是否理解金融资产就要用金融资产去对冲风险，而不能用其他资产去对冲风险。

在三级中我们会了解到一类衍生工具---信用违约掉期互换合约（credit default swaps）.可以理解成一种保险，在债券发行方出现违约时会给购买方支付赔款。这也是一种资产。

A应该是一个迷惑选项，并没有太多关于这类衍生产品的资料可查

B代表实物衍生合约，类似于大宗商品的衍生合约，就可能属于该范畴，显然债券不是实物资产。

这道题的考点比较偏，考察的机率很小，同学们只需要了解一下即可。