Are the following sentences true or false? “A major difference between exchangetraded LO6 derivatives and OTC-traded derivatives is:

a. exchange-traded derivatives have underlyings, and OTC-traded derivatives do not.”

b. OTC-traded derivatives are standardized, and exchange-traded derivatives are customized.”

c. exchange-traded derivatives always require up-front margin payments, but OTC-traded derivatives, often, require no margin payments at initiation.”

d. exchange-traded derivatives are always marked to market, and OTCtraded derivatives are often not.”

e. exchange-traded derivatives have high credit (i.e., counterparty) risk compared to OTC-traded derivatives.”

f. exchange-traded derivatives have haircuts, and OTC-traded derivatives do not.”

g. OTC-traded derivatives require delivery at maturity but exchange-traded derivatives do not.”