In a practice known as netting, institutions such as PIMCO that trade in CDSs work out their remaining exposure after accounting for their positions on various contracts.

• 通过一种称为“净值计算”的方法，PIMCO这样的买卖CDS合约的机构在核算了其各项合约的头寸之后，便能计算出剩余的风险。