世界银行率先使用货币掉期,用以抵御外汇和利率风险。
The World Bank pioneered currency swaps, and USES swaps to protect against foreign exchange and interest rate risk.
与外汇掉期不同,货币掉期包含利率支付,有效期更长——通常有一至五年。
Currency swaps differs from foreign-exchange swaps in that they include interest-rate payments and typically have longer durations-one to five years.
我们认识到这是一个切实的问题,有可能会覆盖所有场外衍生品合约——掉期、远期、期权,无论是利率、外汇、信用资产还是其他。
We understand it to be a real issue that could potentially cover any over-the-counter derivative contract - so swaps, forwards, options, whether interest, FX, credit equity or other.
我们认识到这是一个切实的问题,有可能会覆盖所有场外衍生品合约——掉期、远期、期权,无论是利率、外汇、信用资产还是其他。
We understand it to be a real issue that could potentially cover any over-the-counter derivative contract - so swaps, forwards, options, whether interest, FX, credit equity or other.
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