NO.PZ2021061002000011
问题如下:
Which of the following statements
is true about the comparison between a forward contract and a futures contract?
选项:
A.
the settlement arrangements can be agreed
on at initiation by the parties to the transactions.
B.
Both realize the profit at expiration.
C.
Both can be used for hedging or
speculation.
解释:
C is correct
远期合约的结算可由合约双方在合约签订之时商定下来,根据合约双方的意愿写在合同中。但对于期货合约来说,交易所规定了采用实物交割还是采用现金结算。A错
远期合约在合约结束时才可结算盈亏,期货合约由于盯市制度,每天都可实现盈亏。B错
远期和期货合约均可用于对冲或者投机。C对
1)期货合约的价格和利率是反向关系,和2)当在long interest rates futures 的时候,IR 上升的时候获利。这两句话矛盾吗?