In the life insurance contract, insurable interest refers to the legally recognized interest of the applicant to the insured. Except as provided in the preceding paragraph, if the insured agrees to conclude a contract for the applicant, it shall be deemed that the applicant has an insurable interest in the insured.
According to Article 52 of the Insurance Law, the insured has an insurable interest in the following persons:
( 1)I;
(2) Spouse, children and parents;
(3) Other family members and close relatives who have the relationship of maintenance, support or support with the applicant other than those specified in the preceding paragraph.
Except as provided in the preceding paragraph, if the insured agrees that the applicant will conclude a contract for him, it shall be deemed that the applicant has an insurable interest in the insured.
property insurance
Property insurance refers to the insurance in which the applicant pays the insurance premium to the insurer according to the contract, and the insurer is liable for the loss of the insured property and its related interests caused by natural disasters or accidents according to the insurance contract.
Property insurance business includes property loss insurance, liability insurance, credit insurance and other insurance business. Insurable property, including tangible property and intangible property and their related interests. If material property and its related interests are the subject matter of insurance, property loss insurance is usually called property loss insurance. Such as aircraft, satellites, power plants, large-scale projects, automobiles, ships, factories, equipment, family property insurance, etc. Taking intangible property and its related interests as the subject matter of insurance usually refers to various liability insurance and credit insurance. For example, public liability, product liability, employer liability, professional liability, export credit insurance, investment risk insurance, etc. However, not all property and its related interests can be the subject of property insurance. Only according to the law, the property that meets the requirements of the property insurance contract and its related interests can become the subject matter of property insurance.
The principle of compensation is the core principle of property insurance. It means that in property insurance, when an insurance accident leads to the economic loss of the insured, the insurance company will compensate the insured for the economic loss, so as to restore it to the economic state before the insurance accident.
The principle of double insurance distribution is also derived from the principle of loss compensation. Double insurance refers to the insurance in which the applicant enters into insurance contracts with more than two insurers for the same subject matter, the same insurance interest and the same insurance accident. The applicant for double insurance shall inform all insurers about the double insurance. In the case of double insurance, when the sum of the insured amount of double insurance exceeds the insured value, when the insured claims from several insurance companies for an insurance accident, the loss compensation must be shared among the insurers, and the total compensation obtained by the insured shall not exceed the insured value.
commercial bank
The word "commercial bank" means commercial bank in English. Individuals, families, enterprises, social organizations and governments will contact commercial banks and share the products and services provided by commercial banks. Article 2 of the Law of People's Republic of China (PRC) Commercial Bank stipulates that the term "commercial bank" as mentioned in this Law refers to an enterprise legal person established in accordance with this Law and the Company Law of People's Republic of China (PRC) to absorb public deposits, issue loans and settle accounts. The current American law defines a bank not according to its business, but according to whether its deposits are insured by her husband's institution. The United States Congress defines banks as members of the Federal Deposit Insurance Corporation.
The capital composition of commercial banks includes market risk, credit risk and operational risk VAR capital. If we only talk about capital adequacy ratio, it will be different. There are three levels. The first level is core capital, the second level is secondary capital, and the third level is funds that can only be used for market risks. Moreover, each fund accounts for a limited proportion of the overall fund.
hedging
Overview of hedging
Hedging refers to futures trading for the purpose of avoiding spot price risk.
Traditional hedging:
It means that producers and operators buy or sell a certain number of spot commodities in the spot market, and at the same time sell or buy futures commodities (futures contracts) with the same variety and quantity as the spot commodities in the futures market, but in the opposite direction, so as to make up for the losses in another market with the profits of one market and avoid the risk of price fluctuation. The role of hedging
Hedgers refer to those manufacturers, institutions and individuals who regard the futures market as a place for price risk transfer and use futures contracts as a temporary substitute for buying and selling commodities in the spot market in the future to hedge the prices of commodities they buy (or own or own in the future) to be sold or need to buy in the future.
cash deposit
For each commodity, a certain percentage of the trading margin is set according to its contract value. For example, the pound futures content of a contract is 62,500 pounds, which is equivalent to about US$ 88,750 at the exchange rate of1February 6, 993. Customers only need to deposit $4,000 (about 4.5% of the total contract value) in the futures brokerage company to buy or sell a pound futures contract, and this $4,000 is the deposit.
initial margin
Initial margin refers to the margin that futures traders must pay when they start to establish futures trading positions.
For the amount of initial deposit paid, there are different regulations for different transactions all over the world, and it is usually charged according to a certain proportion of the transaction amount, generally between 5%- 10%. After the deposit is paid, it will be deposited into the deposit account of the clearing house.
Purchase option
It means that the option buyer has the right to buy a certain number of subject matter at the execution price within the validity period of the option contract.
American option
American option refers to any option that can be exercised within the validity period after trading.