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尼克内姆 · 2020年03月18日

问一道题:NO.PZ2018062007000061 [ CFA I ]

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.

b选项错误在哪?能分析下吗

GS · 2021年01月05日

a fixed amount whenever it is matched with a loan 大致翻译是:固定金额,只要跟贷款等额匹配

1 个答案

xiaowan_品职助教 · 2020年03月18日

嗨,从没放弃的小努力你好:


同学你好,swap的名义本金是要和loan保持一致的,有一些贷款不是一次性偿还本金,而是分期偿还,那么余下需要被保护的贷款额会逐渐减少,

swap的名义本金也应该随着减少,所以B选项中说fixed amount是不对的。


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努力的时光都是限量版,加油!