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Ki妮小番茄🍅 · 2022年12月13日

NDF

NO.PZ2018111501000018

问题如下:

Which comments about non-deliverable forwards (NDFs) is least accurate?

选项:

A.

NDFs are cash settled in the non-controlled currency of the currency pair.

B.

NDFs have greater credit risk associated with them than outright forward contracts.

C.

The pricing of NDFs may dier from what is expected on the basis of arbitrage conditions.

解释:

B is correct.

考点:Currency Management for Emerging Market Currencies

解析:NDF相比forward信用风险更小,而不是更大。因为NDF是现金结算(cash settlement),不需要结算本金,所以到期时交割的现金流更小,面临的信用风险更小。

请问根据选项C,NDF和CIP之间是什么关系?

1 个答案

Hertz_品职助教 · 2022年12月13日

嗨,从没放弃的小努力你好:


同学你好

NDF,Non-deliverable Forwards,即无本金交换的外汇远期,一种远期合约。特点解析里面也做了说明。

不知道同学说的CIP是什么,CIRP是抛补的利率平价,它和NDF没有关系。

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

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