NO.PZ2018113001000059
问题如下:
Which of the following statements is incorrect regarding the cross-currency basis swap?
选项:
A.
There is one exchange rate specified in the swap that is used to determine the notional principals in the two currencies, exchanged at inception and at maturity.
B.
In a cross- currency basis swap, the goals of the transaction are to achieve favorable funding rates
C.
The principal in the swap is exchanged only at the inception.
解释:
C is correct.
cross-currency basis swap中规定了一个汇率,这个汇率用于互换开始时和到期时计算交换的名义本金,所以该货币互换在期初和期末都需要交换本金,A表述正确,C表述错误。
使用cross-currency basis swap可以降低融资利率,B正确。
a和b分别是什么意思