愛同學(xué)
2023-01-03 15:53老師請(qǐng)問settlement和valuation的區(qū)別是什么呢？
所屬：CFA Level II > Derivatives 視頻位置 相關(guān)試題
來(lái)源： 視頻位置 相關(guān)試題
1個(gè)回答
Evian, CFA助教
2023-01-04 18:48
該回答已被題主采納
ヾ(?°?°?)??你好同學(xué)，
想要了解區(qū)別（settlement一定有現(xiàn)金流或者實(shí)物交割，valuation是對(duì)合約價(jià)值的估計(jì)）需要回到兩個(gè)知識(shí)點(diǎn)的定義：
Settlement involves the payment of final amounts and/or delivery of securities or physical commodities between the counterparties based upon exchange rules.
結(jié)算：根據(jù)交易規(guī)則，交易對(duì)手之間會(huì)發(fā)生最終金額支付和（或者）證券、實(shí)物商品的交付。
Valuation of a derivative contract means determining the payoff of the contract to the long (or short) position at some time during the life of the contract.
衍生品合約的估值是指：在合約有效期內(nèi)的某個(gè)時(shí)間，確定合約對(duì)long方（或short方）的回報(bào)。
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