增值分类和等级.DOCVIP

这是光华管理学院mba投资银行学课程的笔记，我利用隔离的时间给整理了出来，把没有用的废话全删掉了，但是他的笔记比较的简洁，很多涉及的名词我都不太懂，今后还要在bbs上向各位请教，希望大家互相的讨论能增加我们每个人对于投资银行的理解。另外我弄的字体比较的小，想把文件弄小一些下载方便一点，给大家带来的不便表示歉意。 张光平 博士 Dr. Peter G. Zhang President CEO of Sino-Capital Investment Management Co. pchanghk@ 增值分类和等级 初创、私募增值证券上市发行交易差价收益并购重组增值新型产品增值 4、 金融工具/投资银行经营的产品 债券 (bonds)（政府债券、企业债券等）: 政府债券 (Government Bonds) 地方政府债券(Municipal Bonds) 政府资助企业债券(GSE bonds) 企业债券 (Corporate Bonds) 股票 (stocks)（优先股、普通股）: 外汇 (currency): In terms of trading volume, daily FX turnover exceeds $1.5 trillion US dollars (source: Bank of International Settlements). This makes the FX market the worlds largest, most efficient market, dwarfing both the US bond and equity markets. The New York Stock Exchange, for example, has a daily trading volume of approximately $30 billion. In turn, the FX market is by far the most liquid market in the world today. Due to the sheer size of the FX market, it is virtually impossible for individuals or companies to impact exchange rates. In fact, even central banks and governments find it increasingly difficult to affect the exchange rates of the most liquid currencies, such as the US dollar, Japanese Yen, Euro, Swiss Franc, Canadian Dollar or Australian Dollar. Weekly Monthly Quarterly Annually 7.5 33 99 375 Trillion$ 证券化证券 (securitized securities): 住宅按接支撑证券(Mortgage-Backed-Securities MBS) US Mortgage Assets 5.022 trillion$ in 2000 债券支称证券(Bond Backed Securities) 贷款支撑证券(Loan Backed Securities) 资产支撑证券(Asset Backed Securities) 远期 (forwards): 期货 (futures): 农产品期货(commodity futures) 贵金属期货(precious metal futures) 外汇/指数期货(currency futures) 能源期货(energy futures) 股票指数期货(stock index futures) 期权 (options) : 商品期权（commodity options） 贵金属期权(precious metal options) 外汇期权 (currency options) 股票指数期权(stock index options) 期货期权 (futures options) 调期期权(swaptions) 调期（互换）(swaps): 外汇调期(currency swaps) 利率调期(interest swaps) 资产调期(asset swaps) other products: 欧洲货币(Eurocurrency,EC) dollar-denominated(