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Nancy 王悦 · 2020年08月05日

问一道题:NO.PZ2016031201000008 [ CFA I ]

问题如下:

Forward commitments subject to default are:

选项:

A.

forwards and futures.

B.

futures and interest rate swaps.

C.

interest rate swaps and forwards.

解释:

C is correct.

Interest rate swaps and forwards are over-the-counter contracts that are privately negotiated and are both subject to default. Futures contracts are traded on an exchange, which provides a credit guarantee and protection against default.

A is incorrect because futures are exchange-traded contracts which provide daily settlement of gains and losses and a credit guarantee by the exchange through its clearinghouse. B is incorrect because futures are exchange-traded contracts which provide daily settlement of gains and losses and a credit guarantee by the exchange through its clearinghouse.

A为什么不对?怎么理解 谢谢

1 个答案

xiaowan_品职助教 · 2020年08月06日

嗨,从没放弃的小努力你好:


同学你好,

这里是要找哪些forward commitments是面临违约风险的,我们学习的金融衍生品中,一部分属于交易所交易的产品,这部分不会面临违约风险,另一部分场外交易产品,也就是OTC产品,这部分产品是要面临违约风险的。

A选项中,forward是OTC产品,而futures都是交易所交易的,所以不选。


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