Current location - Trademark Inquiry Complete Network - Futures platform - (July 2022 Zhenti) The description of the conversion factor of CICC deliverable bond futures contract is correct ().
(July 2022 Zhenti) The description of the conversion factor of CICC deliverable bond futures contract is correct ().
Answer: c, d

Errors in items A and B, the conversion coefficient is related to the deliverable national debt coupon rate, and the remaining term is related to the interest payment frequency.

C and d are correct. Coupon rate of deliverable national debt is higher than coupon rate of national debt futures contract, and the conversion coefficient is greater than1; Coupon rate of deliverable national debt is equal to coupon rate of the target of national debt futures contract, and the conversion coefficient is equal to1; Coupon rate of deliverable national debt is lower than coupon rate of national debt futures contract, and the conversion coefficient is less than 1.