题目
What is the purpose of margin payments associated with futures contracts?
选项
A.To reduce the maintenance cost for participants.
B.To reduce the credit risk for participants.
C.To reduce the market risk for participants.
D.None of the above.
答案
B
解析
Margin payments ensure that all profits and losses are realized each day and posted as cash/securities by the losing party. This significantly reduces the chances of a credit loss due to default by any losing party.保证金支付保障了所有的损益每天都能实现，并由损失方以现金/证券的形式支付。这大大降低了损失方违约造成信用损失的机会。