王同學(xué)
2018-11-04 21:18Payment netting is the simple netting of cash flows due on the same day. Closeout netting occurs if there is an event of default, which would include an incidence of fraud. One of the shortcomings of clearinghouses, and closeout netting as well, is that the other party, in this case ABC, jumps to the head of the queue with its claim on Repo Co. to the possible detriment of others, particularly those outside the clearinghouse in general. Thus, only C is correct. 老師這個(gè)題的解析不是很明白，可以詳細(xì)說一下嘛？
所屬：FRM Part II 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個(gè)回答
Galina助教
2018-11-05 16:29
該回答已被題主采納
如果發(fā)生違約事件或者欺詐，將close out也就是結(jié)束交易或者netting結(jié)算。close的缺點(diǎn)之一是：比如本題中，由于repo.co的文件欺詐，它和ABC的交易會(huì)close out，此時(shí)ABC相當(dāng)于可以立即和repo co清算【假設(shè)合約本來是一年到期，現(xiàn)在由于欺詐，半年就可以結(jié)算】，這可能對其他公司造成損害，比如其他在9月到期的交易，但由于ABC先清算了，如果很不幸，和ABC清算之后repo co沒錢了，那么其實(shí)損害了這個(gè)在9月交易到期的公司的利益
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