NO.PZ2016082405000055
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: ISDA Master Agreements help
standardize collateral management.
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.
1.我看讲义了解到CSA被纳入到ISDA的一部分,CSA和ISDA是同时被发明的吗,没有一个谁快谁慢的关系?
2.都是在说这个抵押/保证金的问题是吗?