新编金融英语教程第十五章.pptx

;;;;15.2 Key Points;;;collateralized mortgage obligations credit derivative credit transaction D regulations derivative contracts financial claim financial innovation hedge risks interest-bearing checkable deposit ;1. The fact that financial claims are fungible makes the trading of them highly receptive to computer advances. 2. Forwards, futures and option agreements are financial innovations used by financial institutions and others to reduce interest rate and exchange rate risks. 3. Securitization is the process whereby relatively illiquid financial assets are packaged together and