NO.PZ2020021204000028
问题如下:
Give two reasons for differences between a Eurodollar futures rate and the corresponding forward rate in an FRA.
选项:
解释:
The futures contract is settled daily, and final settlement is at the beginning of the period covered by the interest rate, not at the end.
解释:
The futures contract is settled daily, 前半句是不是在说欧洲美元期货是每天结算的
and final settlement is at the beginning of the period covered by the interest rate, not at the end.后半句是不是说Forward FRA是在beginning 就直接作最终结算( final settlement)