NO.PZ2020033003000044
问题如下：
Regarding counterparty credit risk, which of the following descriptions is not correct?
选项：
A. Since the value of the contract can be positive or negative, counterparty risk is typically bilateral.
B. Counterparty risk can be reduced by netting.
C. For lending risk, the counterparty risk is unilateral.
D. Exchange-traded derivatives have significantly more counterparty risk than OTC derivatives.
解释：
D is correct.
考点：Counterparty Risk
解析：交易所交易的衍生品对手方风险很小，而OTC的衍生品缺乏监管，对手方风险比交易所交易的产品更高。
counterpart是双向，lend ing单向。
