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小蜜蜂jj1 · 2023年03月23日

请问哪里看到需要定制了呢

NO.PZ2021061002000058

问题如下:

Monte is an American capital goods producer that manufactures products domestically and supplies products to customers around the world. Recently, the company signed a commercial contract with a British company. The contract stipulates that the company will deliver goods to the company in three months and will receive payment in sterling at that time.

To hedge Monte’s financial risk under the commercial contract, which of the following statements about the most appropriate derivative market is accurate?

选项:

A.

Both the ETD and OTC markets are appropriate for Monte to hedge its financial risk.

B.

The OTC market is the most suitable because of its ability to customize contracts to match the desired exposure profile.

C.

The ETD market is the most suitable because it provides a standardized contract to match the required exposure profile.

解释:

中文解析

本题考察的是场外市场与场内市场的对比。

场外市场的特点是合约可以根据客户的需求进行定制化,因此可以更好的对冲风险敞口。

而场内市场合约都是标准化的,与客户自身的需求很难完全匹配。

所以对于该公司来说选择场外市场是合适的。

如题?三个月不是很常规的时间吗

1 个答案

Lucky_品职助教 · 2023年03月25日

嗨,爱思考的PZer你好:


本题的确没有明确说额度是多少,那么在不知道敞口的情况下,OTC市场可以满足所有的敞口,而Exchange市场只能满足特定的敞口(场内一个contrct都是固定的金额),因此选OTC会更好一些,Exchange market能做的敞口那OTC市场更能做了

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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