Moreover, size and cost of financial distress are the most important factors for hedging decision.

进一步研究表明公司规模和财务状况是影响企业是否参与套保的关键因素。

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For a deal involving several complex steps, his all-in price would reflect the cost of hedging his own position.

ECONOMIST: Investment banks

Essentially, 20% is a large enough threshold that it reduces the cost of hedging but not so large that it precludes a recovery.

FORBES: Hedging with ETF Options, No ETFs Required

Importantly, these bets provide a liquid market for credit risk, which lowers the cost of hedging for those with primary exposure, and provides the market with better information about whether Greece or General Electric is a good credit risk.

FORBES: Credit Derivatives Don't Kill Countries, Politicians Do