问题如下:
Which of the following statements is least accurate regarding a credit support annex (CSA) and/or an ISDA Master Agreement?
选项: A. ISDA Master Agreements help
standardize collateral management.
B. CSAs must define all
collateralization parameters in order to work as intended.
C. Compared to the ISDA Master
Agreement, CSAs were first to establish collateral standards.
D. CSAs are incorporated into an ISDA
Master Agreement.
解释:
C The purpose of a credit support annex (CSA) incorporated into an ISDA Master Agreement is to allow the parties to the agreement to mitigate credit risk through the posting of collateral. A CSA is created to govern issues such as collateral eligibility, interest rate payments, timing and mechanics associated with transfers, posted collateral calculations, haircuts to collateral securities (if applicable), substitutions of collateral, timing and methods for valuation, reuse of collateral, handling disputes, and collateral changes that may be triggered by various events. In order to work as they are intended to work, CSAs must define all collateralization parameters and account for any scenarios that may impact both the counterparties and the collateral they are posting.
讲义做过调整了么?以前的答案回复的页码找不到这部分内容,听课的时候也没有印象,这部分内容在更新后的讲义上有吗?