第五章外汇市场与外汇交易(第34节)剖析.ppt

第五章 外汇市场与外汇交易 学 习 要 点 外汇市场结构、运作与特点 基本的外汇产品交易 衍生外产品交易 外汇买卖价在进出口报价中的运用 第三节 外币期货与期权 金融衍生产品(derivatives)：是指其价值依赖于标的资产（原生产品）价格的金融工具。 金融衍生产品产生的条件:浮动利率和浮动汇率加大了投资金融资产的风险，为满足投资者规避风险的需求，金融市场产生了金融衍生产品。 金融衍生产品两大类型：金融期货与期权 What Does Derivative Mean? A?security (instrument) which price is dependent upon or derived from?one or more underlying assets.? The derivative itself is merely a contract between two or more parties. Its?value is determined?by fluctuations?in the underlying asset.? The most common underlying assets include?stocks, bonds,?commodities,?currencies, interest rates and mar