Contingent claim或有求償權(quán)是CFA考試中常見的知識,那你對于知識點(diǎn)和考題了解多少呢?今天小編給你出一道相關(guān)的考題,看看你能做下來嗎?
1、In contrast to contingent claims, forward commitments provide the:
A. right to buy or sell the underlying asset in the future.
B. obligation to buy or sell the underlying asset in the future.
C. promise to provide credit protection in the event of default. to contingent claims, forward commitments provide the:
解析:B is correct. Forward commitments represent an obligation to buy or sell the underlying asset at an agreed upon price at a future date.
A is incorrect because the right to buy or sell the underlying asset is a characteristic of contingent claims, not forward commitments.
C is incorrect because a credit default swap provides a promise to provide credit protection to the credit protection buyer in the event of a credit event such as a default or credit downgrade and is classified as a contingent claim.
根據(jù)定義B正確,遠(yuǎn)期合約代表了買方及賣方在到期日有義務(wù)進(jìn)行交割的合約;A說明的是或有求償權(quán)的特質(zhì),C中會提供信用保護(hù)的是信用違約互換。
什么是或有求償權(quán)?懂了這個你在做題時會有很好的理解!
或有求償權(quán)是一種可以以特定價格購買或出售標(biāo)的資產(chǎn)的權(quán)利,支付依賴于標(biāo)的資產(chǎn)的情況。是一種權(quán)利而不是義務(wù),如果你背負(fù)了一項(xiàng)債務(wù)或是簽訂了類似的合約,你的出借人或是債權(quán)人對你的資產(chǎn)可能有的求償權(quán),這個求償權(quán)依賴于未來的某些事件是否發(fā)生,一些特定事件的發(fā)生會觸發(fā)求償權(quán),比如說債務(wù)人的破產(chǎn)。