大学金融英语chapter11DerivativesMarkets1：Overview.ppt

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1、ChapterElevenDerivativesMarkets(1)—OverviewLearningobjectivesAfterstudyingthischapteryoushouldbeableto:1.Knowthemeaningofaderivatives2.Tellthetypesoffinancialderivatives3.Definethetermofderivativesmarkets4.Tellthemainusersoffinancialderivatives5.Explainthechiefpurposesofus

2、ingderivativesNotesI.NewWords1.customizeda.定做的，量身打造的，定制的makesth.tosuittheneedsoftheowner2.underlyinga.基本的，原生的e.g.~asset原生资产~security原始证券3.extraordinarilyadv.格外的4.notionala.概念上的，抽象的5.remaininga.剩余的，剩下的NotesII.UsefulandIdiomaticExpressions1.toderivefrom...从……派生出来，起源于………2.beeq

3、ualto...相当于……相当于……，等于……3.toreferto...指……，谈及……NotesIII.KeyTerms1.derivativen.衍生物~instruments衍生工具financialderivative金融衍生工具2.forwardsn.远期3.optionsn.选择权4.futuresn.期货5.swapsn.互换6. balancesheet资产负债表（一种财务报表）=astatementofthetotalassetsandliabilitiesofanorganizationataparticulardate

4、,usuallythelastdayoftheaccountingperiodMainTextMeaningofDerivativesDerivativesarealsocalledderivativeinstrumentsorfinancialderivativesorfinancialinstruments.Soyoucandefineaderivativeasafinancialinstrumentoranyformofsecurityorcontractthatderivesitsvaluefromthatofanunderlying

5、financialassetlikebondsandstocksorfromthevalueofarate(asofinterestorcurrencyexchange)orindexofassetvalue(asastockindex).MainTextDerivativesTypesForwardsFuturesOptionsSwapsMainTextDerivativeMarketsItisafuturesoroptionsmarketderivedfromacashmarket.UsersofDerivativesCommercial

6、banksMainTextPurposesofUsingDerivativestomodifythereprisingormaturitycharacteristicsofcertainassetsandliabilities(knownasthehedginguseofderivatives)topricecashproducts(knownaspricinguseofderivatives)totradeforprofittomanagerisks,suchasforeignexchangeraterisk...1.Whatarederi

7、vatives?2.Howmanytypesofderivativesdoyouknow?3.What’syourdefinitionofderivativemarkets?4.Whoarethemainusersofderivatives?5.Explainthepurposesofusingderivatives.QuestionsforChapter11ThisistheendofChapter12Thankyouforyourattention