Swaps Generally Do Not Require a Performance Bond Such as a Margin

question 19

True/False

Swaps generally do not require a performance bond such as a margin requirement, and this tends to give swaps slightly more default risk than a comparable futures contract.

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Definitions:

DMM

Digital Multimeter, a test tool used to measure two or more electrical values—primarily voltage (volts), current (amps), and resistance (ohms).

Continuity

Used to describe the status of an electrical connection or circuit with little or no resistance to current flow. Checked by using an ohmmeter.

Generic Handheld EST

A portable electronic service tool used for diagnosing and troubleshooting various machinery and equipment.

ProLink 9000 Series

A series of diagnostic tools or systems designed for use in automotive diagnostics or similar applications.