NO.PZ2018113001000026
问题如下:
A company has one-year floating-rate loan, interest is paid quarterly with interest rate of Libor+2%, and notional principle is $10 million. The company believes that interest rates will increase in one year, so it wants to enter a swap to hedge the risk. The company should enter into
选项:
A.receiver swap
B.payer swap
C.equity swap
解释:
B is correct.
考点:Convert between Floating-Rate Loan and Fixed-Rate Loan
解析:
现在公司是有一个浮动利率贷款,需要支付浮动利率的利息。如果利率上升,支付的利息就会升高,对公司造成损失,所以为了避免利率上升的风险,公司应该进入一个收浮动、付固定的swap,这样一来,浮动端一收一付就会抵消,只剩下支付固定利率的头寸,从而对冲利率上升的风险。
equity swap不行吗equity swap不行吗