小编导读:您还会为FRM考试感到烦恼吗?高顿网校精品题库,包含历年真题,模拟试题等题型,题题结合考试大纲贴近考试考点。坚持每天做题练习,一定可以提升备考效果,为赢取属于自己的美好明天加油吧!马上开始练习 >>  Local Company, a frequent user of swaps, often enters into transactions with Global Bank, a major provider of swaps. Recently, Global Bank was downgraded from a rating of AA+ to a rating of A, while Local Company was downgraded from a rating of A to a rating of A-. During this time, the credit spread for Global Bank increased from 20 bps to 150 bps, while the credit spread for Local Company increased from 130 bps to 170 bps. Which of the following is the most likely action that the counterparties will request on their credit value adjustment (CVA)?
  A. The credit  qualities of the counterparties have changed, but not enough to justify amending existing CVA arrangements.
  B. Global Bank requests an increase in the CVA charge it receives.
  C. Local Company requests a reduction in the CVA charge it pays.
  D. CVA is no longer a relevant factor, and the counterparties will use other mitigates of counterparty risk.
  Answer:C