套期保值

We have found that a likewise capital market with stocks and loans being the major means to save for the future and gain capital accruement has the inner vulnerability—that is, if the former market equilibrium has been disturbed, the market has the inclination to fall down or go up continuously.

发现：一个没有套期保值机制的以股票和信贷为资产增值和储蓄手段的资本市场具有内在的"脆弱性"（一旦原有市场均衡被打破，市场有持续下跌和持续上涨的倾向）。

Futures market is a product of the market economy develops to a certain stage. It is also one of the most powerful tools serving the spot trading in finance market. Corn futures market's unique functions of price trend discovery and hedge enable the corn farmers and relevant enterprises to know in advance the long-term price trend, and formulate the correct business strategy according to their own situation, and lock the risk and profit ahead of time.

期货市场既是市场经济发展到一定阶段的产物，又是金融市场中为现货服务最有力的工具之一；玉米期货市场特有的远期价格发现功能和套期保值功能可以使农民、相关企业提前了解玉米的远期价格走势，并根据自身的情况，制定正确的经营策略，提前锁定风险和收益。

Making full use of it is an effective measure of assets allocation and risks controlling.

主要原因在于股指期货在资产定价、市场调控、投资套利、套期保值等方面都具有较高的应用价值。

The big error was the failure to adjust hedge when Allston was scaled back and to take account of the risks associated with the change in the university's credit rating.

最大的错误在于当Allston大规模缩小时采取套期保值，并且去考虑大学信用评级变化导致的风险。

In addition , We find there exist obvious asymmetry between the contango and backwardation market and between the long and short hedgers .

此外发现正向市场和反向市场间，买方和卖方套期保值者间存在明显的不对称性，并对之进行了解释。

Bitangent to keep out the cold: hedging, risk of loss in lock

二重御寒：套期保值，锁定亏损风险

The inadequacy of specific hedges, something known as "basis risk", also came as a shock to many. A corporate bond and a cash-collateralised credit-default swap written on the same company ought to offset each other—if the company looks likely to default, the bond will fall and the swap rise.

由于具体的套期保值不当造成的基差风险也让很多人大为震惊，同一家公司的企业债券及其现金担保的信用违约互换（cash-collateralised credit-default swap，CDS）11本应相互抵消：比如，如果某公司可能资不抵债，那么其债券价格将下降，而CDS的价格会上升。

To use as hedge forward contract,enterprise are going to possess to the end,IASC s opinion refer to compute as spot evenhanded value ,this is keeping diachronic costing computation on the report day as fact.

对用于套期保值的期汇合约，企业是打算持有到到期日的，按IASC的倾向意见一般是按初期确认的公允价值来计量，这实际上是在报告日仍然保持历史成本的计量属性。

Meanwhile , because of the existence of arbitrage , the market flowability is greatly boosted and the hedgers have enough market capability to realize their dealing intentions .

同时，由于套利交易的存在，使得市场流动性大大增强，套期保值者有了足够的市场容量来实现他的交易目的。

One famous study conducted in the mid 1990s by Harvard economist Andrei Schleifer and University of Chicago professor Robert Vishny, for example, found that arbitrageurs more often become momentum players rather than hedgers: Rather than betting against an apparently obvious mispricing, they often will bet that a mispricing will continue and become even more extreme.

分析人员会涉及到类似于&限制套利&所产生的结果，哈佛经济学家Andrei Schleifer和芝加哥大学教授Robert Vishny曾在20世纪90年代中期进行过一项非常著名的研究，比如，他们发现市场上的套利者比套期保值者更为活跃，他们不仅仅在错误的定价上下赌注，而且还认为误差会继续并变得更加极端。

Since historical times,England ,where the early inhabitants were Celts, has been conquered three times .

从有历史以来，英国，在此地早期居住的是凯尔特人，已经被征服了三次。

Bluetooth OBEX File Transfer Enables the sending and receiving of files on your phone via Bluetooth.

蓝牙OBEX文件移动允许经过蓝牙传送和接受文件。。。。