NO.PZ2020020601000019
问题如下：
Explain the operation of a derivative product company.
解释：
A derivative product company is a wholly owned subsidiary of a dealer and the company through which it conducts its derivatives transactions. It is given enough capital to be rated AAA and takes no market risk. When it enters into a transaction with a counterparty, it also enters into an offsetting transaction with the parent company.
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