What is digital swap? 跟普通swap 有什麼分別

What is naive model? Is Merton model can only do one bond at the same time ?

什麼是liquidity put,能用例子加以說明嗎？

還錢順序是 A interest - A principle -> b interest -> b principle -> c interest -> c principle 嗎？ Or return to abc interest first then abc principle?

Does WCL only measure credit risk? Or only market risk? Or both? Does EL only measure credit risk? Or only market risk? Or both? Does Credit VAR only measure credit risk? Or only market risk? Or both?

什麼是payment throughput?

61题，除了ENE, BCVA考虑的是EE还是EPE?

What’s the difference in between pooled average cost and separate average cost?

60题，EPE和交易对手的ENE金额并不一定相同，只通过CS的变化，难以得出结论啊？比如local公司面临的EPE是2m，对方ENE是20m；那么Local的CVA adj=2m*1.3%=0.026，DVA adj=20m*0.4%=0.08, local还得给对方补钱

56题，是否可以汇总一下各种衍生品中EPE和ENE的金额差异？目前我只知道，option的卖方无敞口，买方有敞口；其他衍生品，比如利率互换，我觉得EPE和ENE应该一样啊