中文+修正的国际金融名词解释.docVIP

一、名词解释 1.Balance of payments The set of accounts recording all flows of the value between a nation’s residents and the residents of the rest of the world during a period of time. 国际收支差额：在一组账户在一段时间记录一个国家的居民和世界其他地区的居民之间的值的所有流量。 2.Current account The current account includes all debit and credit items that are exports and imports of goods and services, income receipts and income payments, and gifts. 3.Financial account balance The net value of flows of financial assets and similar claims(excludes official international serve asset)is the private financial account balance. 4.International investment position Is a statement of the stocks of a nation’s investment assets and foreign liabilities at a point in time, usually at the end of the year. 国际投资头寸：是一个国家的投资资产和对外负债存量的资产在某个时间点上，通常是在今年年底。 5.Foreign exchange Foreign exchange is the act of trading different nation’s moneys. 外汇：外汇是交易不同国家的款项的行为。 6.Exchange rate An exchange rate is the price of one nation’s money in terms of another nation’s money. 汇率：汇率是一个国家的钱在另一个国家的货币计算的价格。 7.Spot exchange rate The spot exchange rate is the price for “immediate” exchange. 即期汇率：即期汇率是价格的“立竿见影”的交易。 8.Forward exchange rate The forward exchange rate is the price set now for an exchange that will take place sometime in the future. 远期汇率：远期汇率是现在定下价格的交易将会发生在将来某个时候。 9.Foreign exchange swap A foreign exchange swap is a package trade that includes both a spot exchange of two currencies and an agreement to the reverse forward exchange of the two currencies. 掉期交易：外汇掉期是一揽子交易包括两种货币的现汇，和达成一种协议市两种货币反向远期交易。（是交易双方约定以货币A交换一定数量的货币B，并以约定价格在未来的约定日期用货币B反向交换同样数量的货币A。） 10.Arbitrage Arbitrage is the process of buying and selling to make a riskless pure profit. 套汇：是一种买卖过程，可以产生无风险净利润。 11.Exchange rate risk A person(or an organization like a firm)is exposed to exchange rate risk if the value of the person’s income, wealth, or net worth changes when exchange rate changes unpredictably in the future. 汇率风险：一个人（或类似一个公司的组织）如果他的收入，财富的价值，或净资产变动时，汇率在不可预知的未来发生变化，就会暴露于汇率风险。 12.Hed