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琳 · 2024年09月25日

请问老师

NO.PZ2023040401000019

问题如下:

An interest rate swap is a derivative contract in which:

选项:

A.

two parties agree to exchange a series of cash flows.

B.

the credit seller provides protection to the credit buyer.

C.

the buyer has the right to purchase the underlying from the seller.

解释:

A is correct. An interest rate swap is defined as a derivative in which two parties agree to exchange a series of cash flows: One set of cash flows is variable, and the other set can be variable or fixed.

B is incorrect because a credit derivative is a derivative contract in which the credit protection seller provides protection to the credit protection buyer. C is incorrect because a call option gives the buyer the right to purchase the underlying from the seller.

选项C是什么意思,描述的是哪类?

1 个答案

李坏_品职助教 · 2024年09月25日

嗨,努力学习的PZer你好:


has right,意思是有权利。C选项描述的是买方有权利从卖方手里买入某些基础资产。


只有call options符合C选项的描述,call options的买方才有权利从卖方手中买入一些资产。除了options之外,其他的衍生品都不包含权利,只有义务。交易双方必须在到期日一手交钱一手交货(或者现金结算)。


本题问的是“interest rate swap”,这个不是call options,所以不选C。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!