Question 2: What does interest rate swap mean? Hello, classmate, I'm glad to answer your question!
Interest rate swap A swap transaction between banks or companies in which a borrower converts a floating rate loan into a fixed rate loan in another country. These two loans can be in the same currency or in different currencies.
The qualification examination for futures practitioners is an introductory examination for futures practitioners and a national qualification examination. The examination is supervised and guided by China Securities Regulatory Commission, sponsored by China Futures Association and specifically undertaken by ATA Company. The purpose of the futures qualification examination. The qualification examination for futures practitioners is to enable relevant domestic personnel to better grasp the basic concepts, principles and knowledge of the futures market, be familiar with the general laws of the development of the futures market, the principles of the futures market and its operation process, and understand the basic business of the futures market, the basic methods and procedures of participating in futures trading, and the strategies and skills of futures trading; Through the study of futures law and supervision system, they can better understand and master the basic legal knowledge, main legal system and supervision system of futures market, enhance their legal concept, law-abiding awareness and self-discipline awareness, and thus improve their professional level. According to the Measures for the Administration of Futures Practitioners, China Futures Association is responsible for organizing the qualification examination.
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Question 3: What is an interest rate swap contract? Generally speaking, we both have RMB now, and you also have RMB. Because the deposit period is different and the interest rate is different, we don't exchange the principal, but only exchange our interest rate income. This is a contract.
Question 4: What does the swap rate mean? Hello, classmate, I'm glad to answer your question!
Swap interest rate Swap interest rate The interest rate of the fixed part of the swap is determined by its specific market and is the interest rate of one party in the swap contract.
Application conditions for futures business: 1, at least 18 years old;
2. Have full capacity for civil conduct;
3. Have a high school education or above;
4. Other conditions stipulated by China Securities Regulatory Commission.
Candidates must pay attention to whether they can be admitted.
I hope my answer can help you solve the problem. If you are satisfied, please adopt it as the best answer.
Thank you again for your question. More accounting questions are welcome to be submitted to enterprises in Gao Dun.
Gao Dun wishes you a happy life!
Question 5: What do you mean by interchange? Hello, classmate, I'm glad to answer your question!
Swap swap (swap) traditionally refers to the exchange of one security for another to change the maturity (bond), issue quality (stock or bond), or because the investment objective has changed. In recent years, swaps, including currency swaps and interest rate swaps, have become more and more common.
Conditions for applying for futures business:
1, age18;
2. Have full capacity for civil conduct;
3. Have a high school education or above;
4. Other conditions stipulated by China Securities Regulatory Commission.
Candidates must pay attention to whether they can be admitted.
I hope my answer can help you solve the problem. If you are satisfied, please adopt it as the best answer.
Thank you again for your question. More accounting questions are welcome to be submitted to enterprises in Gao Dun.
Gao Dun wishes you a happy life!
Question 6: Examples of interest rate swaps. A foreign trade company has a five-year dollar debt with floating interest rate on April 1 day. The principal is100000 USD, and the interest rate is LIBOR+ 1% published in the international market on the interest payment date. Interest is paid once every six months, and the loan interest rate in April 1 day is 3.33%. The company predicts that the current dollar interest rate has bottomed out. In order to avoid this kind of risk, we should exchange interest rates with Minsheng Bank. The bank pays the floating interest rate of LIBOR+ 1% to the company, which is completely consistent with the original loan interest rate conditions of customers, so that the company pays the interest payable on liabilities, while the company pays the bank a fixed interest rate of 6.6%. In this way, the company can avoid the risk of rising interest rates.
Question 7: What is a swap transaction? Generally speaking, such as Swap Transaction, translated by Hong Kong and Taiwan, is mutual credit transaction.
It refers to the transaction form in which both parties agree to exchange certain assets with each other in a certain period in the future. More precisely, a swap transaction refers to a transaction in which both parties agree to exchange cash flows with each other in a certain period in the future and think that it has equivalent economic value. Common ones are currency swap and interest rate swap. Currency swap transaction refers to the swap transaction between two currencies, which generally refers to the exchange of capital and principal of two currencies. Interest rate swap transaction is a swap transaction between different interest rates of the same monetary fund, which is generally not accompanied by the exchange of principal. Swap trading, like futures and options trading, has become an important tool for international financial institutions to avoid exchange rate risk and interest rate risk.
For example, I have 10000 shares of Kweichow Moutai and you have 10 shares of soybean futures. They all think that their securities may depreciate in the next three months, so they agree to trade with each other at that time.
Question 8: Introduction of interest rate swap The so-called interest rate swap is to change the structure of creditor's rights or debts by changing the payment method of interest. After signing the contract, the two parties exchange interest payment methods, such as changing a floating interest rate into a fixed interest rate or changing a floating interest rate into another floating interest rate. The two parties do not exchange the principal, and the principal is only used as the calculation base.
Question 9: What's the difference between swap and SWAP? Swap and swap are both called swap in English, but in fact they are very different.
1 Difference between contract and transaction
Swap is a trading method in the foreign exchange market, which refers to two transactions in opposite directions of the same foreign exchange with different maturities but the same amount. It has no substantive contract, let alone derivatives. Swaps have substantial contracts and are important derivatives.
2 Is there a special market?
Swaps are carried out in the foreign exchange market, which has no special market. Swaps are traded in a special swap market.
All the above are from Financial Marketing, a textbook for financial majors edited by Zhang Yichun and published by Higher Education Press.
I haven't done any practice, please add examples downstairs ~
Question 10: What does the swap rate mean? Interest rate swap is an agreement signed between two entities, which stipulates that one party and the other party exchange a loan at a series of time points within a specified period according to predetermined rules, with the same principal, except that one party provides floating interest rate and the other party provides fixed interest rate. The size of the interest rate is also based on the pre-agreed rules, which can be known when the fixed interest rate shrinks, while the floating interest rate is usually calculated based on some authoritative floating interest rates in the international financial market, such as LIBOR (London Interbank Offered Rate) or SHIBOR (Shanghai Interbank Offered Rate), and the current floating interest rate can be determined by adding or subtracting a value on this basis.
At first, it appeared, to a great extent, because the cost of borrowing floating interest rate is different from the cost of borrowing fixed interest rate when the two parties to the agreement are financing in the market (especially borrowing from banks), so they can form pairs and borrow interest rates that they are better at, thus achieving a win-win situation and reducing financing costs.
Later, or now, people often regard it as a hedging tool. Some people think that interest rates will go down and floating interest rates will be better because the market is big. Others may think that a fixed interest rate is more cost-effective. At this time, it is easy to find a person who is different from your expectations as a counterparty, so that both parties can get the desired results. At this time, banks often act as intermediaries, sign swap contracts with different people, and then balance.