- Asaresult,counterpartyriskisup,andthemarketisnotfunctioningsmoothly.Oneclearproblemiscounterpartyrisk;insuranceisworthnothingiftheinsurercannotpayup.Thismayseemlikeagoodideawhencounterpartyriskislow,butthatcanchangeabruptlyanddramatically.Theslimmarg...
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