NO.PZ2018062002000010
问题如下:
Forward contract has some limitations for use:
Limitation 1: It is difficult to exit from a forward contract once investors have entered into the contract.
Limitation 2: The long party deposits an initial amount with the short party in order to enter into a forward contract.
Limitation 3: If the underlying asset's price moves adversely from the long party's perspective, the short party must make periodic payments.
Which one is a correct limitation of using forward contract?
选项:
A.limitation 1.
B.limitation 2.
C.limitation 3.
解释:
A is correct.
It is difficult to exit from a forward contract, once you have entered into the contract. At a forward contract's origination. there is no cash exchange. Also, at a forward contract, there is no exchange of cash until the contract's maturity.
考点:金融资产的分类
这道题问的是下列属于远期合约在使用上的缺点是的?
这里考察的是远期和期货性质的对比,因为期货是是标准化的,且是交易所交易的产品,你不想要了随时可以卖回给交易所。而远期是定制化的产品,一旦进入你很难找到其他接盘侠(对手方)。因此A是正确的。
而BC说的都是期货合约的缺点,比如期货合约在签订之初,需要交保证金(B)。如果价格朝不利于longside波动,long方需要每日结算盯市结算盈亏给short 方。
PS.因为远期是衍生品的重点内容,所以在权益这里就没有展开讲,就算是考试也不会在这里考察。建议你学完衍生品再来做这道题。
『如果价格朝不利于longside波动,long方需要每日结算盯市结算盈亏给short 方。』
题目是问 forward,答案中的这句话对吗?