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2021-02-28 22:21第210題應(yīng)該選什么，答案和選項對不上
所屬：FRM Part II > Credit Risk Measurement and Management 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Jenny助教
2021-03-01 19:45
該回答已被題主采納
同學(xué)你好，這道題目選C。
答案是：A break clause (also called a liquidity put or early termination option) allows a party to terminate a transaction at specified future dates at its replacement value. Despite their advantages, break clauses have not been highly popular. One explanation is known as banker's paradox, which implies that for a break clause to be truly useful, it should be exercised early on, prior to the substantial decline in a counterparty's credit quality. Entities, however, typically avoid early exercise to preserve their good relationships with counterparties.
中斷條款（Break Clause）主要處理長期合約的信用風險，允許交易中雙方根據(jù)市場情況約定合約是否要提前終止。
中斷條款的主要表現(xiàn)有如下三種：
事先在合約中規(guī)定的特定時間，到了特定時間，合約就會提前終止。
約定在特定時間，有提前終止的權(quán)力，但不一定行使提前終止的權(quán)力。
基于特殊事件的提前終止，如果特殊事件發(fā)生，那么合約終止
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