第1章节期货交与易期货市场概述.ppt

第1章　期货交易与期货市场概述 Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. 【引例】 1.1期货交易 1.1.1期货交易概念及其特征 现货交易是买卖双方签订现货交易合同，一手交钱一手交货。 Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. 实例1 张大爷家种了10亩大豆，离大豆收获还有2个多月的时间。由于世界经济异常动荡，大豆的价格变化也非常剧烈。张大爷就担心2个月后大豆收获的时候价格会下降。与此同时，大豆收购商也担心2个月后大豆的收购会背离自己的预期。所以，收购商就与张大爷商定签署一个合约，合约约定2个月后，收购商以约定的价格收购张大爷的全部大豆。 就这样，双方都不用再担心大豆的价格会朝着自己不利的方向变动，同时也保证了交易的顺利进行。 Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. 实例2 一家公司A打算一个月后从美国的一家出口公司B进口一台价值100万美元的机器，出口方B要求一定要用美元交易。由于现在市场上的人民币-美元汇率波动比较剧烈，该公司A很担心一个月后的汇率变化会朝自己不利的方向发展。于是该公司A就找了一家公司C,并与之签订了一个合约，合约规定在一个月后某个确定的时间以某个商定的汇率以人民币从卖方C买入100万的美元。 注：这个合约即为远期合约。如果将合约的交易地点、交易要素等加以限制就成了期货合约。 Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. 远期交易，是指买卖双方签订远期合约，规定在未来某一时间进行商品交收的一种交易方式。 Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Evaluat