银行间隔夜指数掉期息差扩阔为最大值已持续了两年多。
隔夜指数掉期指将隔夜利率交换成为若干固定利率的利率掉期。
Overnight Index swap an interest rate swap involving the overnight rate being exchanged for some fixed interest rate.
[color=#0000FF]第二个警报是LIBOR与相对无风险利率，亦被称为OIS（隔夜指数掉期利率），两者的差距不断拉大。
The second alarm is the widening in the spread between LIBOR and the relatively risk-free interest rate known as OIS (overnight indexed swap).
和掉期一样，CPDO的发行人最初收入权利金，但是如果指数中的一家企业出现违约，它必须付出赔偿。
Like a swap, issuers of CPDOs get premium income upfront but have to pay out if a company in the index defaults.
根据一家叫Markit的研究公司的信息，代表着银行贷款成本的指数——欧洲的信用违约掉期（CDS）的收益差稍有提高。
Credit-default-swap (CDS) spreads, a proxy for banks’ borrowing costs, improved slightly across Europe, according to Markit, a research firm.
一个交易商指出，目前的现货交易和票据市场的价值保持一致，另一个则指出作为煤炭掉期交易的标准的API2指数是从现货实际交易中产生。
While one trader said that current physical deals were aligned with paper values, another pointed out that the API2 index, against which coal swaps are settled, is derived from spot physical trades.
然而，如果掉期对手方未能履行其责任，交易所买卖基金可能面临亏损，未能跟踪基准指数的回报。
However, if the swap counterparty defaults on its obligations, the ETFs might face a loss failing to track the return of the benchmark index.
然而，如果掉期对手方未能履行其责任，交易所买卖基金可能面临亏损，未能跟踪基准指数的回报。
However, if the swap counterparty defaults on its obligations, the ETFs might face a loss failing to track the return of the benchmark index.
应用推荐