Even where collateral is obtained by an ETF, it is subject to the collateral provider fulfilling its obligations.

交易所买卖基金即使取得抵押品，也需依靠抵押品提供者履行责任。

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The Collateral Provider, or Pledgor, requests that the Pledgee switches Collateral it holds for a different agreed type.

担保的提供人或者出质人就要求质权人将其持有的担保品转换为另一种双方同意的类型。

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So the ETF provider requires the bank to provide collateral (see diagram).

因此etf提供者要求银行提供抵押担保(见表)。

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