资产发展与财务.pptVIP

Gilts国债 Gilts are simply commercial paper issued by the government to finance their public spending programmes. Swaps互换 Given that banks will not offer fixed rate options over 12 months, how can borrowers gain longer terms on fixed rate? The only borrowers who can effectively borrow fixed rate money are large corporations such as ICI. To do so, they will issue commercial paper or bonds to private and commercial investors at fixed yields (interest rates) with a promise to repay the face value of the bond on a given date 第一百二十七页，共一百八十九页。 For example: You will sometimes see the