这个termination

NO.PZ2016082406000056

问题如下：

What are the benefits of novation?

选项：

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

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.

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

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

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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

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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

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Whare the benefits of novation? Both parties are alloweto walk awfrom the contrain the event of fault. In a bilatercontract, it is specifiethon fault, the non-faulting party nets gains anlosses with the faulting counterparty to a single payment for all coveretransactions. Financimarket contracts cterminateupon event of fault prior to the bankruptprocess. Obligations are amalgamatewith others. ANSWER: Answer A is incorrebecause this is a walk-awclause. Answer B is incorrebecause this is close-out netting. Answer C is incorrebecause this is a termination clause. novation是什么啊，之前的答案那两张图显示不出来。。我翻了下书没找到

2020-10-18 23:36 1 · 回答

不理解后面的，老师可否帮忙下，感谢！

2019-03-20 23:36 1 · 回答

老师您好，押题班讲义p75页关于risk mitigation technique 的介绍只有2ge个，netting anclosure-out 和 termination，请问这个novation和他们是并列的概念吗，具体指的是什么呢，谢谢。电脑好像无法上传截图。。

2018-10-03 10:37 2 · 回答

这个termination

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