·¢²¼Ê±¼ä:2017-10-23 12:46:35 ÎÄÕÂÀ´Ô´:»¥ÁªÍø
΢²© ΢ÐÅ QQ¿Õ¼ä

íÆíÂÇ°ÐÐ:ÍêÉÆShiborÐγɻúÖÆ,À©´ó²ð½è½»Ò×»ù´¡(5)

ÈýÊÇÏÖÓвð½è¹ÜÀíÌåÖƶÔÈëÊÐÖ÷Ìå¡¢²ð½èÏ޶²ð½èÆÚÏÞ¶¼×öÁ˽ÏΪÑϸñµÄÏÞÖÆ¡£ÀýÈ磬·Ç·¨È˽ðÈÚ»ú¹¹²»ÄÜ¿ªÕ¹²ð½è½»Ò×£¬Ö¤È¯¹«Ë¾²ð½è½»Ò×ÆÚÏÞ×ֻÄÜÓÐ7Ì죬ÐÅÍй«Ë¾×î¸ß²ðÈë¡¢²ð³öÏÞ¶î¾ù²»³¬¹ý¾»×ʲúµÄ20%µÈµÈ¡£

ËÄ¡¢Í¬ÐľÁ¦£¬¹²´´Shibor¸üÃÀºÃµÄÃ÷Ìì

×ÜÊé¼ÇÔÚ½ñÄêÕÙ¿ªµÄÈ«¹ú½ðÈÚ¹¤×÷»áÒéÉÏÇ¿µ÷£¬Òª“ÓÅ»¯½á¹¹£¬ÍêÉƽðÈÚÊг¡¡¢½ðÈÚ»ú¹¹¡¢½ðÈÚ²úÆ·Ìåϵ”£¬“Êг¡µ¼Ïò£¬·¢»ÓÊг¡ÔÚ½ðÈÚ×ÊÔ´ÅäÖÃÖеľö¶¨ÐÔ×÷ÓÔ¡£Ôúʵ×öºÃShiborµÈ»ù×¼ÀûÂÊÌåϵ½¨É裬Êǹ᳹Âäʵ×ÜÊé¼ÇÉÏÊöÒªÇóµÄÖØÒªÄÚÈÝ¡£

£¨Ò»£©Ì½Ë÷½øÒ»²½ÍêÉÆShiborÐγɻúÖÆ

Libor²Ù×Ý°¸±¬·¢ºó£¬Óйعú¼ÒºÍ¶à±ß×éÖ¯¶¼ÔÚ̽Ë÷¸Ä¸ï»ù×¼ÀûÂÊÌåϵ£¬ÄÉÈëʵ¼Ê½»Ò×ÒòËØÊÇÆäÖÐ×îÖØÒªµÄ·½ÏòÖ®Ò»¡£½ñÄê6Ô£¬ÃÀÁª´¢Ö¸¶¨µÄÌæ´ú»ù×¼ÀûÂÊίԱ»á(¼ò³ÆARRC£¬ÖÂÁ¦ÓÚÑ°ÇóLiborµÄÌæ´úÀûÂÊ)½¨ÒéÒøÐÐʹÓÓ¹ãÒå¹úÕ®»Ø¹ºÈÚ×ÊÀûÂÊ”£¨Broad Treasuries Repo Financing Rate£©Ìæ´úLibor£¬ÕâͬÑùÊÇ»ùÓÚʵ¼Ê³É½»µÄÀûÂÊ¡£

¼ø´Ë£¬¿É¿¼ÂÇÔÚShiborÖÐÒ²ÊʶÈÌåÏÖ½»Ò×ÒòËØ£¬ÃÖ²¹´¿±¨¼ÛÐγɻúÖÆ´øÀ´µÄȱÏÝ¡£Î´À´Ó¦½áºÏLibor¼°ÆäËû»ù×¼ÀûÂʸĸïÇ÷ÊÆ£¬»ý¼«Ì½Ë÷½øÒ»²½ÍêÉÆShiborÐγɻúÖÆ£¬²»¶ÏÌá¸ßShibor»ù×¼ÐÔ¡£

£¨¶þ£©¼ÌÐø¹®¹ÌShiborÔÚ¼à¹ÜºÍ¿¼ºË·½ÃæµÄºó·¢ÓÅÊÆ

Ò»ÊÇÍƶ¯±¨¼ÛÐнøÒ»²½ÍêÉÆSHIBOR±¨¼ÛµÄÄÚ²¿¹ÜÀíÖƶȺͲÙ×÷Á÷³Ì£¬½¨Á¢¸ü¼Ó¿ÆѧµÄ¶¨¼Û»úÖÆ£¬²»¶ÏÌá¸ß±¨¼ÛÖÊÁ¿£¬·ÀÖ¹³öÏÖ¼Û¸ñ²Ù×ÝÏÖÏó¡£

¶þÊǼÌÐøÍêÉƺÍÂäʵ±¨¼ÛÐп¼ÆÀÖ¸±êÌåϵ£¬Âäʵ±¨¼ÛÐÐÌÔÌ­»úÖÆ£¬¶½´Ù±¨¼ÛÐÐÂÄÐкñ¨¼ÛÒåÎñ£¬¹ÄÀø±¨¼ÛÐÐÔöÇ¿×ÔÖ÷¶¨¼ÛÄÜÁ¦ºÍ²úÆ·´´ÐÂÄÜÁ¦¡£

£¨Èý£©ÍêÉƲð½è¹ÜÀíÌåÖÆ£¬×ö´óShiborµÄ½»Ò×»ù´¡

Ò»ÊÇÍƶ¯ÊµÏÖ²ð½è½»Ò×ֱͨʽ´¦Àí£¬Ìá¸ß²ð½è½»Òס¢½áËãЧÂÊ£¬º»ÊµShiborµÄ²ð½è½»Ò×»ù´¡¡£

¶þÊǽ¨Á¢ÍêÉÆÂÄÔ¼¹ÜÀí»úÖÆ¡£¼ÓÇ¿¶Ôͬҵ²ð½è½»Ò׺Í×ʽ𽻸îÇé¿öµÄ¼à²â£¬²¢Öƶ¨Î¥Ô¼¹ÜÀí°ì·¨£¬Ã÷È·Î¥Ô¼ÔðÈÎÌõ¿îºÍ¶ñÒâÎ¥Ô¼Ðж¯µÄ´¦·£´ëÊ©£¬Ìá¸ß²ð½èÊг¡Î¥Ô¼³É±¾£¬±£ÕÏͬҵ²ð½èÊг¡µÄÁ¼ºÃÖÈÐòºÍ¼Û¸ñÓÐЧÐÔ¡£

ÁíÒ»ÊÓ½Ç

»»Ò»»»