NO.PZ2019052801000024
问题如下：
Which one of the followings is least likely the description of the clearinghouse?
选项：
A.
It guarantees the performance of the parties to each transaction.
B.
The risk that the counterparty will default may be more because of the role of the exchange clearing house.
C.
It acts as an intermediary in futures transactions.
D.
Traders can enter into offsetting contracts to close out their positions before the expiration date.
解释：
B is correct.
考点：Managing Credit Risk
解析：这题考的是清算所的概念。题目让我们选的是不正确的一项。ACD都是对于清算所正确的描述，B选项不正确，因为清算所的存在可以大大降低对手方的违约风险，而不是会增加这个违约风险。
不是很难到期前取消吗？
