NO.PZ2019100902000014
问题如下：
Counterparty risks typically arise from the following scenarios, except for:
选项：
A.OTC derivatives
exchange-traded derivatives
Brokerage relationships: both broker and client
Interest rate swap
解释：
答案：B is correct
解析：Counterparty risks通常产生于OTC衍生品的交易，以及Brokerage relationships。所以本题A/C/D三个选项都有可能产生Counterparty risks。只有选项B，Exchange-trade derivatives、交易所交易的衍生品Counterparty risk几乎不存在。
Brokerage relationships: both broker and client为什么这个有对手方风险呢，作为经纪人做经纪业务的话，其实只收手续费，从市场上拉另一个对手方给客户达成业务，client会承担对手方风险，但是broker不应该承担对手方风险吧？
