NO.PZ2023091802000181
问题如下:
Which of the following statements least likely describe a problem with bilaterally cleared over-the-counter (OTC) derivatives trades?
选项:
A.
The defaults of individual counterparties could lead to systemic problems.
B.
Bilateral OTC derivatives are often non-standard with exotic features.
C.
Closing out trades may be difficult.
D.
Loss mutualization may not spread all the losses among participants.
E.
解释:
Loss mutualization is a feature of central clearing, whereby losses arising from a party's default are spread across all other members. Bilaterally cleared OTC derivatives do not have a loss mutualization feature.
老师,A选项导致非系统风险更准确一些吧?因为exchange也是会有系统性风险吧,系统性风险不是无法控制和分散的吗