大学金融英语二课件陈庆柏 王景仙ISBN 9787566304827 PPTchapter 13.pptVIP

Chapter Thirteen Derivatives Markets (3) —Futures and Forwards Markets Learning objectives After studying this chapter you should be able to: 1. Explain the meanings of forwards and futures 2. Define futures and forward markets 3. Tell the similarities and dissimilarities between futures and forwards Notes I. New Words 1. commodity n.?（大宗）商品raw materials traded on a commodity market, such as grain, coffee, cocoa, wool, cotton, rubber, oil... 2. delivery n. 交货，e.g. taking delivery 提货，making delivery 交货 3. to trade vt. 进行交易，进行买卖 4. to standardize vt. 使标准化 5. to ensure vt. 确保 6. parties to a contract 合同当事人，订约方 7. losing party 受损失的一方 as opposed to winning party得益方 Notes 8. to customize vt. 量身定做to make or build according to personal or individual specifications, e.g. customized terms 量身定做的条款或条件 9. to enforce vt. 强制执行to cause to take effect or to be fulfilled, e.g. to ~ all the terms of the contract 强制执行合同所有条款 10. deliverable a. 可交付的，能提交的，e.g. ~ asset 可交付的资产 11. counterparty n. 买卖中所面对的另一方 12. perform vt. 履行（合同、义务……） 13. offsetting contracts 补偿性合同 14. genius n. 创造能力 Notes II. Useful and Idiomatic Expressions 1. to provide an opportunity for... 为……提供机遇或机会 2. to call for 需要，e.g. problems that call for immediate solution 3. in contrast 相比之下 4. as opposed to... 与……相对 5. during the heating season 在供热季节 6. to enter a contract 订合同to sign or make a contract 7. to mark-to-market 按市场价定价 Notes 8. at the outset 开始，从一开始from the ~ or beginning 9. to comply with... 遵守，照做=to act in accordance with... 10. to make for 导致to result in 11. to call upon 请求to ask(sb.) to do sth. 12. absent daily settlement 在缺乏按日结算的情况下 13. to lose motivation for doing sth. 失去做某事的动力 14. to hedge against... 规避……，防范 Notes III. Key Terms 1. a forward contract 远期合同an agreement by two parties to engage in financial transaction at a future point or forward point in time, forward contracts 有时可简化成forwards 2. settlement risk 结算风险 3. futures exchange 期货交易所 4. British pounds 英镑sterling（U.K. p