为啥不是close out

问题如下：

Litchi Bank and a large group company have signed many derivatives agreements. At present, the transaction settlement department of Litchi Bank calculates the mark to market value of the total position as $ -10 million. If this large group company defaults, which of the following clauses is most beneficial to Litchi Bank?

选项：

A.

B.

Collateralization.

C.Tear up.

D.

Close-out.

解释：

C is correct.

考点：Managing and Mitigating Counterparty Risk

解析：因为现在盯市价格是负的，所以银行其实是亏钱的，如果此时这家大型集团公司违约，那么银行可以通过tear up也就是walk away条款避免这部分盯市损失。