Which of the Following Is NOT a Role of the Clearinghouse

question 21

Multiple Choice

Which of the following is NOT a role of the clearinghouse in the futures market?

• A)To guarantee the performance of each position.
• B)To close out the position of defaulting traders.
• C)To act as a counterparty to buyers and the sellers.
• D)To take or make delivery of the underlying asset.
• E)To operate a system of margin payments.

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