问题如下图:
选项:
A.
B.
C.
解释:
答案解析的最后一句话能否展开再详细叙述一下中间的逻辑过程?谢谢!
“因为预期两国。。。。。。。为浮动的。”
NO.PZ2018113001000029 问题如下 A US company nee to raise ¥20 million because it is planning expansion into ChinIt wants to issue llar-nominatebon anconvert the llars to Chinese yua currency swap. The company believes thinterest rates in both countries are increasing. Whiof following statements is correabout swap? The company shouluse a swwith a floating rate on interest pai#xFF08;¥)anfixed rate on interest receive#xFF08;$). The company shouluse a swwith a fixerate on interest pai#xFF08;$)anfloating rate on interest receive¥). The company shouluse a swwith a fixerate on interest pai#xFF08;¥)anfloating rate on interest receive#xFF08;$). C is correct. 解析 公司现在是美元本金的loan,想转成人民币本金的Loan,因此应该进入付美元本金,收人民币本金的互换,这样就可以将本金转成人民币。该互换在期间的时候需要支付人民币的利息,收到美元的利息(与本金方向相反)因为预期两国的利率都会上升,所以应该选择支付的利息(人民币)为固定的,收到的利息(美元)为浮动的。 美国公司想发行美元债券筹集US再转换成RMB,所以美国公司就short USbon并且将来定期US息,所以我选B。为啥答案是C呢? 我的思路哪里错了? 谢谢!
NO.PZ2018113001000029问题如下 A US company nee to raise ¥20 million because it is planning expansion into ChinIt wants to issue llar-nominatebon anconvert the llars to Chinese yua currency swap. The company believes thinterest rates in both countries are increasing. Whiof following statements is correabout swap? The company shouluse a swwith a floating rate on interest pai#xFF08;¥)anfixed rate on interest receive#xFF08;$). The company shouluse a swwith a fixerate on interest pai#xFF08;$)anfloating rate on interest receive¥). The company shouluse a swwith a fixerate on interest pai#xFF08;¥)anfloating rate on interest receive#xFF08;$). C is correct. 解析 公司现在是美元本金的loan,想转成人民币本金的Loan,因此应该进入付美元本金,收人民币本金的互换,这样就可以将本金转成人民币。该互换在期间的时候需要支付人民币的利息,收到美元的利息(与本金方向相反)因为预期两国的利率都会上升,所以应该选择支付的利息(人民币)为固定的,收到的利息(美元)为浮动的。 如题如果再有个,付RMB固定,且收US定正确吗?
NO.PZ2018113001000029 问题如下 A US company nee to raise ¥20 million because it is planning expansion into ChinIt wants to issue llar-nominatebon anconvert the llars to Chinese yua currency swap. The company believes thinterest rates in both countries are increasing. Whiof following statements is correabout swap? The company shouluse a swwith a floating rate on interest pai#xFF08;¥)anfixed rate on interest receive#xFF08;$). The company shouluse a swwith a fixerate on interest pai#xFF08;$)anfloating rate on interest receive¥). The company shouluse a swwith a fixerate on interest pai#xFF08;¥)anfloating rate on interest receive#xFF08;$). C is correct. 考点:用currenswap转换loan的币种 解析: 公司现在是美元本金的loan,想转成人民币本金的Loan,因此应该进入付美元本金,收人民币本金的互换,这样就可以将本金转成人民币。 该互换在期间的时候需要支付人民币的利息,收到美元的利息(与本金方向相反) 因为预期两国的利率都会上升,所以应该选择支付的利息(人民币)为固定的,收到的利息(美元)为浮动的。 期间现金流轧差后,就是r-rm再调整basis,人民币利率固定就好了,和美元利率是否浮动有关系吗
NO.PZ2018113001000029问题如下 A US company nee to raise ¥20 million because it is planning expansion into ChinIt wants to issue llar-nominatebon anconvert the llars to Chinese yua currency swap. The company believes thinterest rates in both countries are increasing. Whiof following statements is correabout swap? The company shouluse a swwith a floating rate on interest pai#xFF08;¥)anfixed rate on interest receive#xFF08;$). The company shouluse a swwith a fixerate on interest pai#xFF08;$)anfloating rate on interest receive¥). The company shouluse a swwith a fixerate on interest pai#xFF08;¥)anfloating rate on interest receive#xFF08;$). C is correct. 考点:用currenswap转换loan的币种 解析: 公司现在是美元本金的loan,想转成人民币本金的Loan,因此应该进入付美元本金,收人民币本金的互换,这样就可以将本金转成人民币。 该互换在期间的时候需要支付人民币的利息,收到美元的利息(与本金方向相反) 因为预期两国的利率都会上升,所以应该选择支付的利息(人民币)为固定的,收到的利息(美元)为浮动的。 我画的这幅图是对的吗
NO.PZ2018113001000029