建行笔试（CCBs written）.docVIP

建行笔试（CCBs written） 1, closed-end funds (close - end funds) means that the initiators establish a company funds when setting up fund, limit the amount of issue fund unit, raise the foot after the total fund is established, and then closed, in a certain period of time no longer accept new investments. The circulation of fund unit takes the method of listing on the stock exchange, the investor buys the fund unit in the future, must go through the securities broker to carry out the bidding trade in the secondary market. An open-ended fund is an investment fund that can issue new shares or be redeemed by investors at any time according to market demand and supply. Closed-end funds, it is relative to the case of open mode fund, is refers to the fund size has determined before release, after the issue and, within the time limit stipulated by the fund scale fixed investment funds. The regulation of the transfer price of a closed-end fund: the total amount of funds issued by a closed-end fund is limited. Once the issuance plan is completed, it will no longer be issued. Investors can also not redeem, but the fund can be transferred publicly on the stock exchange or the counter market, the transfer price is determined by market supply and demand. 2. Direct financial instruments are the primary financial instruments. The financial market can be divided into the primary financial market and the derivative financial market according to the functions, which are the market for the trading of the original financial instruments and the derivative instruments. The primary financial instruments, also known as basic financial instruments, are the principal functions of which are the instruments for the conversion of media savings into investment or the liquidation of debt obligations. Like stocks and bonds. Derivative financial instruments is based on the underlying financial instrument derived financial products, such as forwards, futures, options, swaps contracts, their value depends