What is a premium? Premium refers to the premium in the money market, and premium refers to adding points to the spot price to judge the forward or futures price. Symmetrical with discount. That is, when the interest rate of the quoted currency is less than the interest rate of the quoted currency. SwapPoint is a positive number at this time. In this case, the arrangement of exchange rate points is small left and large right.

Premium means that the forward exchange rate is higher than the spot exchange rate. In direct quotation, the premium represents the depreciation of the local currency. On the contrary, under indirect pricing method, premium represents the appreciation of local currency. For example, the spot exchange rate of RMB against the US dollar is 100 USD = 8 10.02 RMB, and if the futures exchange rate rises by 10 point, the futures exchange rate is 65438 USD = 810.2 RMB, which means RMB depreciation/kloc. or vice versa, Dallas to the auditorium

We usually say that a stock has a premium, which means that there is money after deducting various expenses and other expenses. The cost of stock issuance is relatively complex, which generally includes two aspects: first, the pure issuance cost, that is, the related expenses incurred by the stock issuer in the issuance process, such as stock printing expenses, underwriting expenses, publicity expenses, and other intermediary service agency expenses; The second is the dividend paid by the issuing company to investors every year. Therefore, the ratio of the cost of issuing stocks to the actual amount of funds raised is equal to the dividend divided by the issue price after deducting the pure issue cost, which is expressed by a mathematical formula: the cost ratio of issuing stocks = dividend/(issue price-issue cost) × 100%.