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一、利率期权的常识买入期权是对利率的不利变动进行“保险”,同时又使买方从有利变动中获利。鉴于支付了不可返还的期权费,利率期权合同赋予了买方收付按商定利率(“敲定”或“实施”的利率)计算的、始于未来特定日期的特定期限的存贷款利息的权利,但这不是义务。之所以称为期权,是因为买方只在市场价与敲定价之间的差额有利时才履行,若差额不利,买方会让合同搁置作废。
First, the common sense of interest rate options Buy options is to adversely affect the interest rate “insurance”, while allowing the buyer to profit from favorable changes. In view of the non-refundable option fee paid, the interest rate option contract gives the buyer the right to take interest on the prescribed period of interest on the loan and the loan at a negotiated interest rate (“finalized” or “implemented”) at a specified future date This is not an obligation. It is called an option because the buyer only performs if the difference between the market price and the strike price is favorable. If the difference is unfavorable, the buyer will put the contract on hold.