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词语积累:FRMP1风险管理基础词语(7)
19. Zero-sum game 零和游戏: There is the belief by many market participants that hedging is a zero-sum game that has no long-term increase on a firm’s earnings or cash flows. 很多市场参与者觉得,对冲是一种零和游戏,对企业的收益或现金流的长期增加没帮助。
20. Offset 抵消,对冲: The purchasing additional long credit derivatives to offset its short derivatives positions. 购买额外的多头信用衍生品来抵消其空头衍生品的头寸。
21. Static hedging strategy 静态对冲方案: If the hedge is set up at the beginning and never adjusted, it is referred to as static hedging, also known as ahedge-and-forget strategy. 假如刚开始就设置了对冲,并且从未调整过,则称为静态对冲,也称为保后即忘方案。
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