开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

vivian_zm · 2020年06月05日

问一道题:NO.PZ2020042003000052

问题如下:

Many FMUs have developed innovative ways to clear and settle transactions that reduce the overall operating liquidity required by the system (i.e., liquidity savings mechanism). About the liquidity savings mechanism, which of the following is NOT correct?

选项:

A.

These tactics essentially increase transaction throughput for a given amount of liquidity by reducing the size of settlement positions (and settlement risk) and minimizing the cost of idle liquidity for a participant.

B.

Examples of liquidity savings mechanisms include transaction netting (bilateral and multilateral)

C.

FMUs use transaction throughput requirements (e.g., requiring a certain percentage of outgoing transactions to be submitted by a mid-day deadline) to achieve liquidity savings mechanisms.

D.

In a deteriorating credit situation, an FMU may begin to monitor a participant’s risk position and its initial and variation margin collateral values in real-time to ensure sufficient coverage.

解释:

考点:对FMU Tools to Manage Intraday Settlement Risk的理解

答案:D

解析:

选项ABC属于FMU管理Intraday settlement riskLiquidity savings mechanism方法,而选项D是属于管理Intraday settlement risk中通过Collateral管理风险。

麻烦老师解释一下A选项,尤其是其中“essentially increase transaction throughput for a given amount of liquidity”如何理解呢?谢谢!

1 个答案
已采纳答案

袁园_品职助教 · 2020年06月06日

同学你好!

A 和 C 讲的都是 transaction throughput 即交易吞吐量 这种方法,你可以理解为不要每次一有交易就结算,而是把交易存起来一次性去结算,这样就可以减少结算的次数,从而增强流动性

可以再去听一下“FMU Tools to Manage Intraday Settlement Risk” 这一节视频老师的讲解