【FRM每日一题】二级：信用&市场强化（7）
备考FRM二级 | 2015-12-09
Ondine Financial, Inc., (Ondine) uses a variety of techniques to manage counterparty risk. It has entered into an interest rate swap with Scarbo, Inc.(Scarbo). Currently, Ondine's position in the swap has a -$1 million mark-to-market value. Based on the information provided, which of the following credit risk mitigation techniques would be most advantageous to Ondine if Scarbo defaults? A.Close-out.
B.Collateralization.
C.Netting.
D.Walkaway.
Answer: D
Because ondine currently has a negative mark-to-market value and the counterparty is defaulting. Ondine is able to cancel the transaction while it is “losing”. Netting and close-out would require Ondine to mark a payment because it would owe a net amount of $1 million. Collateralization is not relevant in this scenario.
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