求翻译：衍生工具的信用风险与表内业务存在许多区别。首先，合约的无违约价值对交易对手而言必须为负值；其次，交易对手一定处于财务困境之中；再次，在任一违约概率 水平上，衍生工具结算一般采取轧差方式，其违约遭受的损失往往低于同等金额的贷款违约的损失；最后，银行和其他金融机构都是用其它许多机制来降低违约的概 率和损失。鉴于此，研究者相继提出许多计量模型，但主要集中在互换和期权两类衍生工具上。是什么意思？

The credit risk of derivatives, there are many differences with the business table. First of all, no breach of contract value of the contract in terms of the counterparty must be negative; Second, the counterparty must be in financial trouble; again, the level of the probability of any one breach of

Derivatives of credit risk and operational presence in many differences. First of all, no breach of the contract value for the transaction, your opponent must be a negative value; and, secondly, a counterparty is in financial distress; once again, in any of the default probability level, derivatives

Grows the tool in the credit risk and the table the service has many differences.First, the contract non-violation value speaking of the transaction match must be a negative value; Next, the transaction match is certainly in the financial difficult position; Once more, in any violation probability l

Derivative credit risk and business there are many differences in the table. First, contract of no default value on trading opponents, must for negative; second, trading opponents must is financial dilemma in; again, in any a default probability level Shang, derived tools settlement General take rol

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