Question: a. In chapter 1, we listed fi ve different kinds of risks that were considered important by the Basel Committee on Banking Supervision and the

a. In chapter 1, we listed fi ve different kinds of risks that were considered important by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions. Pick three of these risks and explain why they are important to traders in the swap market.
b. Discuss the role played by the International Swaps and Derivatives Association in the swap and over- the- counter derivatives markets.
c. What is a Master Agreement?

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