e were to rise to 7% or more, the London Bank would profit zero or less.РloserРwinnerРspeculationР8Рmon derivatives and their risks?1)forward contractsРLondon bankРGerman bankРInterest rate forward contractРlong positionРshort positionРTwo limiting factors : setting terms of the contract and default risk.РLong Position is an obligation to ?purchase a financial instrument?at a given price and at a specific time.РShort Position is an obligation to ?sell a financial instrument ?at a given price and at a specific time.Р9Р2)futuresРfutures contract is an agreement to deliver a standardized amount of a specific nation’s currency at a designated future date.?Foreign-exchange forward contract is an agreement that ensures the future delivery of a foreign currency at a specified rate of exchange.Р10
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