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金融民工阿聪 · 2021年03月14日

这个termination

NO.PZ2016082406000056

问题如下:

What are the benefits of novation?

选项:

A.

Both parties are allowed to walk away from the contract in the event of default.

B.

In a bilateral contract, it is specified that on default, the non-defaulting party nets gains and losses with the defaulting counterparty to a single payment for all covered transactions.

C.

Financial market contracts can be terminated upon an event of default prior to the bankruptcy process.

D.

Obligations are amalgamated with others.

解释:

ANSWER: D

Answer A is incorrect because this is a walk-away clause. Answer B is incorrect because this is close-out netting. Answer C is incorrect because this is a termination clause.

这个termination好像看起来可以说和close out差不多?都是在违约的时候,就给取消了?有啥区别吗这两者对比起来

2 个答案
已采纳答案

袁园_品职助教 · 2021年03月16日

termination指的只是结束,至于具体操作可能会有walkaway compression之类的。这里了解即可

袁园_品职助教 · 2021年03月15日

同学你好!

Termination 是指终止合约

Close-out netting 是净额结算