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Oct_ · 2020年03月17日

问一道题:NO.PZ2018062007000061 [ CFA I ] 不太记得这个知识点了

问题如下:

The notional principal of a swap is:

选项:

A.

not exchanged in the case of an interest rate swap.

B.

a fixed amount whenever it is matched with a loan.

C.

equal to the amount owed by one swap party to the other.

解释:

A is correct. The notional principal of a swap is not exchanged in the case of an interest rate swap.

B is incorrect because an amortizing loan will be matched with a swap with a pre- specified declining (not fixed) notional principal that matches the loan balance.

C is incorrect because the notional principal is equal to the loan balance. Although the loan has an actual balance (the amount owed by the borrower to the creditor), the swap does not have such a balance owed by one swap party to the other.

怎么理解notional swap?
1 个答案

xiaowan_品职助教 · 2020年03月17日

嗨,努力学习的PZer你好:


同学你好,这道题考察的是对swap名义本金的理解,对于利率互换来说,是不交换本金的,只交换利息,

而名义本金的金额是与我们要对冲的贷款额相一致,如果贷款额有变化,名义本金的金额也要随之变化。

同学可以回顾一下swap这一部分的讲解。


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