risk-free rate 中文意思是什麼
risk-free rate
解釋
無風險比率-
It will involve a wide range as well as it will face to the moral risk of the commercial banks after setting money rate free, and it may do harm to the motion of the whole market
利率市場化改革涉及面廣泛，而且利率放開后還面臨商業銀行的「道德風險」以及可能帶給整個市場運行的損害。 -
Chapter three analyses the suitable pricing model of our country ' s mbs, and by studying secular trend and fluctuation of risk free interest rate and the term structure of interest rate of national debt, i propose an option model based on floating interest rate mbs which will be issued in our country. next, cash flow current value method is used to carry out the empirical test
第三章分析了適合我國住房抵押支持證券的定價模型，通過研究我國無風險利率長期趨勢值、波動性以及國債利率期限結構，提出我國發行浮動利率抵押支持證券的期權定價模型，並應用現金流現值定價法對我國發行固定利率住房抵押傳遞證券的定價進行實例分析。 -
9remember that the risk premium is the difference between the investment ' s expected return and the risk - free rate. for treasury bills, the difference is zero
9記住風險溢價是投資的期望回報率和無風險利率之間的差額。對短期國庫券來說，這一差額為零。 -
Thirdly, gap analysis, duration analysis, net present value analysis and dynamic simulation analysis, these four risk measurement techniques and how to use them are studied. and then, commerce tactics to manage and control interest rate risks and how to use them are researched detailedly. at last, an example which further illustrates how to manage and control interest a rate risks for commercial banks of china is given. interest rate risk management is a complicated job, so commercial banks should choose appropriate skills and measures to control interest rate risk effectively for keeping their earnings free of adverse influence of interest rate changes
本文首先根據巴塞爾委員會制定的利率風險管理的原則和西方銀行業的經驗，對商業銀行所面臨的利率風險進行了具體地識別分析；研究了敏感性缺口管理技術、有效持續期缺口管理技術、凈現值法和動態模擬法這四種商業銀行利率風險的衡量管理技術及其運用；然後對控制利率風險的具體管理策略以及如何運用這些管理策略來控制利率風險進行了詳細地分析研究；利用前面介紹的成果和方法用實例系統地說明了商業銀行應根據自身情況選擇合適的管理技術和策略，有效地控制利率風險。 -
As for the residential finance policy, government should function as the subject to set up the residential security system and should reinforce the reform of the residential finance, in addition to mortgage accumulation fund loans, the government should found low - rate or rate - free loans for those families with low or medium income, set up risk security mechanism for the policy - related residential mortgage loans to provide them with loan guaranty
在住房金融政策方面，政府理應成為構建住房保障體系的主體。政府應進一步深化政策性住房金融改革，除住房公積金貸款以外，應建立直接面向中低收入家庭發放的低息或無息貸款，建立政策性住房抵押貸款風險擔保機制，為低收入家庭貸款提供擔保，增強其購房能力，促進住房保障制度的順利構建。 -
The risk discount rate of shaanxi relics tourist project finance is based on the theory of capital asset pricing model, and accorded with capital market joined in the project. founded upon the research of risk - free rate ( rf ), capital market average advantage rate ( rm ), risk coefficient ( ) and etc. this discount is the basic payoff that can reflect risk and earning in relics tourist project correctly. to define this risk discount rate has a practical significance for large relics tourism project, also, it is instructive to the negotirfim befor the project, the control of risk periold of exercise and the completion of the project
陜西遺址旅遊項目融資風險貼現率的確定是以資本資產定價模型為理論基礎，以與項目相關的資本市場為依據，在對項目的無風險收益率r _ （ f ， ）資本市場平均收益率r _ （ m ， ）和項目風險系數等參數的定量研究的基礎上分析得來的能正確反映陜西遺址旅遊項目開發過程中的風險與收益之間關系的期望收益率。 -
The cml is derived by drawing a tangent line from the intercept point on the efficient frontier to the point where the expected return equals the risk - free rate of return
Cml來自於從有效邊界上的截取點到預期回報等於無風險回報率的點畫一條切線。 -
Following, making development study from the three directions : the first one is how to reduce calculation when to use markowitz model. this text has improved the efficient frontier of markowitz model utilizing free risk assets, and reduced calculation about revenue rates " co - variance matrix utilizing single or multiple factors, and so on. the second one is to add thinking factors about, such as transaction fee, fund limitation, lowest transaction unit ' s limitation, risk measures and exchange rate risk of international portfolio securities, so as to make markowitz model closer to our country ' s practice
接著，分三今方向對markowitz模型進行了拓展研究：第一個方向是運用markowitz模型時如何減少計算量，本文利用無風險資產來改進markowitz模型的有效邊界，利用單因子或多因子模型來減少收益率協方差的計算量等等；第二個方向是增加考慮因素，諸如交易費用、資金限制、最小交易單位限制，風險測度和國際組合證券的匯率風險，使markowitz模型更貼近我國的實際；第三個方向是對markowitz模型進行動態拓展研究，提出了將證券收益率看成是隨機序列時的投資決策模型，深入研究了m ? v有效邊界隨資產品種數增加而發生的漂移，並用解析方法和幾何圖形描述了漂移的軌跡和方向。 -
A line used in the capital asset pricing model to illustrate the rates of return for efficient portfolios depending on the risk - free rate of return and the level of risk ( standard deviation ) for a particular portfolio
一個線條用於資本資產定價模式中說明有效的投資組合的回報率，取決于無風險回報率和對一特定的投資組合的風險水平（標準偏差、標準離差） 。 -
Risk - free interest rate
無風險利率 -
In following such a pricing approach, the risk - free rate does not need to be known
解決了如何在實際測度及不知無風險利率的情況下對一般（可能不可交易）資產進行定價的問題。 -
Underlying the assumption that the stock price accords with the model of the stock price fluctuating sources, by comprehensivily applying the stochasitic differential theory and no - arbitriagc thcory, this paper, under the conditions that the risk - free rate r is constant or ito stochasitic process, successively works out the option pricing about the stock price model with that the short - term profit function is piecewise lecture function arid that one with that the short - term profit function is possion jump process, derivats counterpart partial differential equation of option pricing. the outcome states : 1. when the short - term profit function is unusual flunctuating sources bring out a piecewise lecture function, this amendment on the lognormal distribution model does not improve the option price, because this partial differential equation of option pricing is the same one underlying the lognormal distribution model ( see equation 2. 14 )
本文基於股價符合波動源模型的假設，綜合運用隨機微分理論等數學原理和無套利理論等金融理論，依此對短期收益率函數為分段階梯函數和possion跳躍過程的股價波動源模型分別在無風險利率是常數和隨機過程的條件下作了期權定價，推導出了相應的期權定價偏微分方程，結果表明： 1 、由異常波動源帶來的短期收益率函數是分段階梯函數時，這種對股價對數正態分佈模型的修正不能改善期權價格，因為基於這種模型的期權定價偏微分方程與基於股價對數正態分佈模型的期權定價偏微分方程完全相同（見方程2 . 14 ） 。 -
The world of risk neutral is an imaginary world in which the expected return rate of all risky assets equals to risk - free return rate
風險中性的世界是一個假想的世界，在風險中性世界中所有風險資產的預期收益率等於無風險收益率。 -
Different pricing models for various options are concluded. the relationships between options and different influencing factors such as the stock price, the time to maturity the volatility of the stock price and the risk - free rate are discussed
總結了各種期權的定價模型，討論了期權與各種影響因素如股票價格、剩餘期限、股票價格波動率和無風險收益率等之間的關系。 -
In the light of the above, this thesis propose risk pricing model, conforming to the general trend of the marketization of interest rate and the full open to foreign banks and design identify ways of the three elements of risk pricing models. the there elements is risk - free interest rate, pd and rr
鑒于以上情況，本文順應利率市場化以及即將對外資銀行全面開放的大趨勢，提出風險定價模型，並著重根據我國的實際情況，設計風險定價模型的三要素? ?無風險利率、違約率以及回收率的確定方法。 -
Sun hung kai financial - the seller of the derivative - receives a previously agreed basis point spread over hibor, the local risk - free lending rate
新鴻基金融- -此款衍生品的賣家- -將根據之前協議，得到高於香港銀行同業拆息（ hibor ，香港本地無風險貸款利率）協定基點的利差。
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