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20
Which of the following best describes a central clearing party
A.It is a trader that works for an exchange
B.It stands between two parties in the over-the-counter market
C.It is a trader that works for a bank
D.It helps facilitate futures trades
A.It is a trader that works for an exchange
B.It stands between two parties in the over-the-counter market
C.It is a trader that works for a bank
D.It helps facilitate futures trades
Answer: B
A central clearing party (CCP) is a clearing house that stands between two parties in the over-the-counter market. It serves the same purpose as an exchange clearing house.
A central clearing party (CCP) is a clearing house that stands between two parties in the over-the-counter market. It serves the same purpose as an exchange clearing house.
Karteninfo:
Autor: CoboCards-User
Oberthema: Finance & Investment
Thema: Derivatives
Veröffentlicht: 27.10.2015