大学金融英语二课件陈庆柏 王景仙ISBN 9787566304827 PPTchapter 11.pptVIP

Chapter Eleven Derivatives Markets (1)—Overview Learning objectives After studying this chapter you should be able to: 1. Know the meaning of a derivatives 2. Tell the types of financial derivatives 3. Define the term of derivatives markets 4. Tell the main users of financial derivatives 5. Explain the chief purposes of using derivatives Notes I. New Words 1. customized a. 定做的，量身打造的，定制的make sth. to suit the needs of the owner 2. underlying a. 基本的，原生的e.g. ~asset 原生资产~security 原始证券 3. extraordinarily adv. 格外的 4. notional a. 概念上的，抽象的 5. remaining a. 剩余的，剩下的 Notes II. Useful and Idiomatic Expressions 1. to derive from... 从……派生出来，起源于……… 2. be equal to... 相当于……相当于……，等于…… 3. to refer to... 指……，谈及…… Notes III. Key Terms 1. derivative n. 衍生物 ~instruments 衍生工具 financial derivative 金融衍生工具 2. forwards n. 远期 3. options n. 选择权 4. futures n. 期货 5. swaps n. 互换 6.?balance sheet 资产负债表（一种财务报表）= a statement of the total assets and liabilities of an organization at a particular date, usually the last day of the accounting period Main Text Meaning of Derivatives Derivatives are also called derivative instruments or financial derivatives or financial instruments. So you can define a derivative as a financial instrument or any form of security or contract that derives its value from that of an underlying financial asset like bonds and stocks or from the value of a rate (as of interest or currency exchange) or index of asset value (as a stock index). Main Text Derivatives Types Forwards Futures Options Swaps Main Text Derivative Markets It is a futures or options market derived from a cash market. Users of Derivatives Commercial banks Main Text Purposes of Using Derivatives to modify the reprising or maturity characteristics of certain assets and liabilities (known as the hedging use of derivatives) to price cash products (known as pricing use of derivatives) to trade for profit to manage risks, such as foreign exchange rate risk... 1. What are d