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tzdsgn · 2023年07月26日

还有其他的衍生是期初交换本金的吗

NO.PZ2022123002000044

问题如下:

A US institutional investor in search of yield decides to buy Italian government bonds for her portfolio but wants to hedge against the risk of exchange rate fluctuations. She enters a cross-currency basis swap, with the same payment dates as the bonds, where at inception she delivers US dollars in exchange for euros for use in purchasing the Italian bonds. The notional principals on the swap are most likely exchanged:

选项:

A.

at inception only

B.

at maturity only

C.

both at inception and at maturity

解释:

Correct Answer: C

C is correct. In a cross-currency basis swap, the goals of the transaction are to achieve favorable funding and exchange rates and to swap the foreign currency amounts back to the currency of choice—in this case, the US dollar—at maturity. 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.

还有其他的衍生是期初交换本金的吗 可以有个总结吗

1 个答案
已采纳答案

pzqa31 · 2023年07月27日

嗨,爱思考的PZer你好:


interest rate swap:不交换

currency swap:交换

equity swap:不交换

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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

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