2. 外语
  3. Banks face losses from three sources : their own position if short or long in a particular currency; dealing positions taken by

Banks face losses from three sources : their own position if short or long in a particular currency; dealing positions taken by

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问题     Banks face losses from three sources : their own position if short or long in a particular currency; dealing positions taken by employees who gamble with the bank’s money; and defaults by counter-parties to forward exchange contracts and covering transactions. These risks were well illustrated by events in 1974: Bankhaus Herstatt, cologne, collapsed due largely to losses on its foreign exchange exposures; Lloyds Bank, Lugano, lost USD77 million due to unauthofised trading by staff. Herstatt’s closure by the Bundesbank during working hours left many banks with unfulfilled foreign exchange transactions. Since then banks and authorities have tightened their control. Banks still take a position on foreign currencies and put traders on commission to speculate on their behalf, but mainly on within-day trading or on overnight positions. On longer-term positions banks aim to match liabilities and claims in a particular currency or cover the difference in the swap market.  
Banks face losses from three sources : their own position ; dealing positions taken by employees, and defaults by counter parties to forward exchange contracts and covering transactions.
选项 A、Right
B、Wrong
C、Doesn’t say
答案A
解析 从文中第一句话Banks face losses from three sources…可以直接找到。
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本试题收录于： FECT综合（现代金融业务）题库金融英语（FECT）分类
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金融英语（FECT）

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