NO.PZ2020042003000059
问题如下：
Which of the following statements is NOT
correct?
选项：
A. The term structure of
expected cash flows (TSECF) can be defined the collection, ordered by date, of
positive and expected cash flows, up to expiry referring to the contract with
the longest maturity
B. The term structure of cumulated expected cash
flows (TSECCF) is the collection of expected cumulated cash flows, starting at
t0 and ending at tb, ordered by date
C. Liquidity generation capacity
is the ability of a bank to generate positive cash flows beyond contractual
ones from the liquidity available in the B/S and off the B/S at a given date.
D. The TSECCF is positive at all times.
解释：
考点：对Quantitative Liquidity Risk Measures的理解
答案：D
解析：
D选项错误，最完美的状态是保持TSECCF一直是正数，这样就意味着Positive cash flows能够足额Cover negative cash
flows。但是存在TSECCF是负数的情况。
Beyond contractual one ？
