NO.PZ2016082405000107
问题如下:
Which of the following statements regarding counterparty risk and lending risk is correct?
选项: A. For an interest-rate swap,
counterparty risk exists because default may occur at the end of the contract
term.
B. With counterparty risk, there is
uncertainty as to which counterparty will have a negative mark-to-market value.
C. Lending risk involves bilateral
risks.
D. With lending risk, the principal
amount at risk is known with absolute certainty at the outset.
解释:
B With counterparty risk, there is uncertainty regarding which counterparty will have a negative MtM value. For an interest-rate swap, there is no counterparty risk at the end of the contract term because all payments required by the contract would have been made by then. With lending risk, only one party (unilateral) takes on risk. In addition, the principal amount at risk is known only with reasonable certainty at the outset because changes in interest rates, for example, will lead to some uncertainty.
看了解析还是不太明白 irs一开始的确是知道本金的金额 这点是绝对确定的呀