标题: Reading 69: Forward Markets and Contracts-LOS a 习题精选 [打印本页]
作者: 1215 时间: 2011-3-31 11:19 标题: [2011]Session17-Reading 69: Forward Markets and Contracts-LOS a 习题精选
Session 17: Derivatives
Reading 69: Forward Markets and Contracts
LOS a: Explain delivery/settlement and default risk for both long and short positions in a forward contract.
Default risk in a forward contract:
A) |
only applies to the short, who must make the cash payment at settlement. | |
B) |
is the risk to either party that the other party will not fulfill their contractual obligation. | |
C) |
only applies to the long, and is the probability that the short can not acquire the asset for delivery. | |
Default risk in forward contracts is the risk to either party that the other party will not perform, whether that means pay cash or deliver the asset.
作者: 1215 时间: 2011-3-31 11:19
The short in a forward contract:
A) |
has the right to deliver the asset upon expiration of the contract. | |
B) |
is obligated to deliver the asset upon expiration of the contract. | |
C) |
is obligated to deliver the asset anytime prior to expiration of the contract. | |
The short in a forward contract is obligated to deliver the asset (in a deliverable contract) on (or close to) the expiration date.
作者: 1215 时间: 2011-3-31 11:19
The party to a forward contract that is obligated to purchase the asset is called the:
The long in a forward contract is obligated to buy the asset (in a deliverable contract). The term receiver is used with swaps.
作者: 1215 时间: 2011-3-31 11:19
Which of the following statements about forward contracts is least accurate?
A) |
A forward contract can be exercised at any time. | |
B) |
The long promises to purchase the asset. | |
C) |
Both parties to a forward contract have potential default risk. | |
Forward contracts typically require a purchase/sale of the asset on the expiration/delivery date specified in the contract. The other statements are true.
作者: luqian55 时间: 2011-9-30 16:49
thanks a lot
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