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  3. Mr.Wu is expecting the goods he has ordered to arrive in three months and he has been asked to pay in Japanese Yen. Mr. Wu comes

Mr.Wu is expecting the goods he has ordered to arrive in three months and he has been asked to pay in Japanese Yen. Mr. Wu comes

admin2011-01-15  82
问题 Mr.Wu is expecting the goods he has ordered to arrive in three months and he has been asked to pay in Japanese Yen. Mr. Wu comes into your bank and asks for help, knowing that the Yen has increased in value over the past six months. What can you, as the bank’s manager, do for Mr. Wu?
选项
答案Buy the same amount of Japanese Yen forward. —A forward exchange contract is a contract between Mr. Wu and the bank enabling Mr. Wu to buy the same amount of Japanese Yen for delivery in three months. —The rate of exchange is fixed at the time the contract is opened and the contract is firm and binding. Buy futures contracts up to the equivalent of amount of Japanese Yen. —Future contracts are traded on futures exchanges, they are standardized contracts, the specifications are established by each futures exchange and therefore specifications for the same underlying foreign currency may differ from exchange to exchange. —Mr. Wu can do this through Rolling Forex in Hong Kong or other Futures Exchanges in the world. Buy a call options contract up to the equivalent of amount of Japanese Yen. —An option is an agreement between a buyer and seller by which the buyer has the right to exercise his option by paying a premium. —A call option gives Mr. Wu the right to buy the same amount of Japanese Yen at a strike price to be expired in three months. —Upon payment of funds in three months, when Japanese Yen goes up the strike price, Mr. Wu can exercise his right under the call option to buy the Japanese Yen at the strike price. —But if the Japanese Yen does not appreciate, i.e. the exchange rate is below the strike price, Mr. Wu can ignore the call option and let it lapse. Then, he can still buy Japanese Yen in the spot market.
解析
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中级（银行业务）

原金融专业英语（FECT）

金融英语（FECT）

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