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琳 · 2024年10月01日

请问老师

NO.PZ2023040401000029

问题如下:

In a credit default swap, the party that receives a series of cash payments in return for promising to pay compensation for credit losses resulting from a third party’s default is most likely the:

选项:

A.

clearinghouse.

B.

seller of the swap.

C.buyer of the swap.

解释:

B is correct. A credit default swap is a derivatives contract between a credit protection buyer and a credit protection seller in which the seller receives a series of cash payments from the buyer in return for a promise of compensation for credit losses resulting from a third party’s default.

A is incorrect. A credit default swap is a derivatives contract between a credit protection buyer and a credit protection seller in which the seller (not the clearinghouse) receives a series of cash payments from the buyer in return for a promise of compensation for credit losses resulting from a third party’s default.

C is incorrect. A credit default swap is a derivatives contract between a credit protection buyer and a credit protection seller in which the seller (not the buyer) receives a series of cash payments from the buyer in return for a promise of compensation for credit losses resulting from a third party’s default.

请问老师,什么场景下选择C?谢谢

1 个答案

李坏_品职助教 · 2024年10月01日

嗨,爱思考的PZer你好:


本题说的是“receives a series of cash payments ”,意思是定期收取保费。这个是CDS的seller。


如果题目改成“pay a series of cash payments in return for receiving compensation ”,意思是定期支付保费,以获得某个公司违约情况下的赔偿,那就要选C。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!