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- 2011-7-11
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Cfa mock morning number 10
To be technically correct, the company lost money on this transaction, right? The value in the answer is the value to the other party.
They receive 25 million euro and pay 285.5 million hk at 11.42 rate. When rates move to 9.96, another party can enter an almost identical swap by paying only 249 million hk.
And if the swap is terminated early, the other party pays them only 249 million hk while they pay the full 25 million euro. Or conversely, the other party pays them the original 285.5 hk while they have to pay 28.7 euro. |
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发表于 2011-7-13 16:17
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