Besides market risks, Goldman also assesses credit risks, based on whether a counterparty might default on a loan or fail to honour a derivative contract, and liquidity risk.

除了市场风险，高盛也评估业务相对方拖欠贷款或衍生合同违约所带来的信用风险，以及流动性风险。

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This fund is generated from borrowers' payment of a "credit rate" fee and is used to diversify risk in the form of a reimbursement to lenders in the event of a late payment or payment default.

该资金是借款人支付的“信贷利率”费，旨在分散风险，用于赔偿借款人因逾期支付或违约产生的费用。

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As I explain in this paper, credit derivatives are merely a financial tool that can be used by those exposed to credit risk, say a default by the Greek government or General Electric, to share that risk with others.

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Additionally lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.

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It isn't enough to compare the spread to its average, Mr. Fridson says, because the average doesn't reflect the current level of default risk, the strength of the economy, the yield on government bonds or the availability of credit.

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