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FRM一级
包含FRM一级传统在线课程、通关课程及试题相关提问答疑;
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原版书31页 If one argues that financial markets are not perfect, then the firm may gain some advantage from hedging its balance sheet. It may have a tax advantage, benefit from economies of scale, or have access to better information about a market than investors. 这些不太懂,资产负债表对冲是怎么给公司带来利益的呢?老师可不可以简单解释一下原理或者举个例子帮助学生理解一下
老师您好,原版书中16/17页,遇到一些段落不知该如何理解,烦请老师讲一下其中的一些要领 1 But in complex portfolios of interest-rate sensitive assets, many different kinds of exposure can arise from differences in the maturities and reset dates of instruments and cash flows that are assetlike (i.e„ ´longs´) and those that are liability-like (i.e., “shorts”). 2 In particular, “curve” risk can arise in portfolios in which long and short positions of different maturities are effectively hedged against a parallel shift in yields, but not against a change in the shape of the yield curve. 3 Default risk corresponds to the debtor´s incapacity or refusal to meet his/her debt obligations, whether interest or principal payments on the loan contracted, by more than a reasonable relief period from the due date, which is usually 60 days in the banking industry.