Talk:雙元定存

Babelfish translation
DCD (Dual Currency Deposit)
 * 3.1 Dual Currency Deposit synopsis DCD (Dual Currency Deposit) is called the double foreign currency combined type commodity generally, because of sells links some sign option of the exchange rate, therefore obtains sells option money of the option, with enhances the deposit in foreign currency income. The customer investment yield is “the foreign currency deposit account” the interest + sells “the foreign currency exchange rate option” option money Canada to count becomes, might gain interest of the agreement to the due date customer. Because the customer is the option seller, therefore works as when option due, will depend on the exchange rate to decide at the same day whether to depend on holds the market rate to transform correspondence of currency into beforehand the agreement.
 * 3.2 DCD utilization conditions: Has in the foreign currency deferral and the investment demand. May allow that increases the foreign currency spot. But elastic adjustment cash spot. The hope transforms the foreign currency under the better exchange rate condition. Model: The supposition customer purchases 1 month time euro to exchange the dollar DCD commodity, holds the market rate is 1.3400, the euro deferral interest 3.596% (annual rate), sells the euro to exchange US dollar to buy the power option money 2.6236% (annual rate), then the DCD investment yield is 6.2196% (annual rate) (3.596%+2.6236%). Base and Principal Currency EUR Spot EUR/USD 1.3210 Tenor One month (31 days) Conversion rate 1.3400 interest rate (p.a.) 3.596% If 1 month later the euro exchanges a dollar exchange rate is smaller than 1.3400, the customer investment principal and interest and is: DCD due principal and interest and = euro income (6.2196%) + primitive euro investment spot If 1 month later the euro exchanges a dollar exchange rate to be higher than 1.3400, then the customer investment's principal and interest and is: The DCD due principal and interest and = the euro income (6.2196%) + primitive euro investment spot take 1.3400 transforms as US dollar
 * 3.3 DCD risks: When a due date euro trend continues rises (to be higher than 1.3400), line of business will not have the good fortune to enjoy the higher transformation exchange rate, and by the transformation will be a weak trend currency. If the due date euro breaks 1.3210, and line of business has time transformation spot urgent, will be compelled take to compare present buys up US dollar as the bad euro exchange rate.

Anthony Appleyard (talk) 06:25, 25 December 2008 (UTC)