loveshihongyu2021-11-06 13:33:29
老师您好, 我觉得reason2 不对,我是这样写的Reason 2 is incorrect, because the counterparty of TRS is dealers, who earn bid-ask spread, the transaction costs should be higher than mutual fund or ETFs. Investors directly trade with sponsors when they purchase or redeem mutual funds. Exchange-traded funds are trade at Exchange, so they have higher liquidity and lower transaction cost. , 你能帮我看看我哪里错了, reason2 为什么对。 谢谢
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Chris Lan2021-11-09 16:44:54
同学你好
swap是公平的合约,双方义务对等的合约,理论上他就是一系列的远期,所以他是没有初始现金流入和流出的。
但在实际的交易中,我们如果找个dealer签swap,他多少会收一点,但swap本身应该是公平的合约,所以dealer不太好意思跟你收太多“服务费”。
因此这个点说的是对的。
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