NO.PZ2020033002000065
问题如下:
Vision hedge fund bought a CDS on asset X from MAC, through which, Vision has exchanged the risk of default on the asset X for:
选项:
A.Default risk of MAC
B.Default risk of a credit exposure identified by MAC
C.Joint risk of default by MAC and of the credit exposure identified by MAC
D.Joint risk of default by MAC and the asset X
解释:
D is correct.
考点:CDS
解析:
Vision is exposed to the joint risk of default by the MAC and asset X. If only one defaults, there is no credit risk.
如果把CDS看成是一种保险的话,MAC就类比是保险公司。
那这道题可以理解成从保险公司买一份保险,是exchange这个asset的风险和标的物的保险及保险公司的joint风险?