衍生品新披露要求【外文翻譯】

1、本科畢業(yè)論文（設(shè)計(jì)）外文翻譯外文題目Derivatives:NewDisclosuresRequired外文出處CPAJOURNAL外文作者BarbaraApostolouNicholasG.ApostolouAderivativesvaluestemsfromchangesinthevalueofarelatedassetliability.Theratepricethatrelatestotheassetliabilityinclu

2、dedinthederivativeisreferredtoasanunderlying.Anunderlyingcanassumeavarietyoffmsincludinganinterestrateseeuritypricecommoditypricefeignexchangerateindexofpricesratesothervariable.Fexampletheunderlyinginanoptiontobuyastock

3、at$40pershareisthe$40fixedpriceoftheslocknotthestockitself.Changesintheunderlyingpricecausethevalueofthederivativetochange.Thevalueofaderivativealsoisdependentuponthenumberofunitsspecifiedinthederivativecontract.Fexample

4、thevalueofanoptiontobuystockat$40persharedependsnotonlyuponthestockpricebutalsouponhowmanysharescanbepurchasedunderthetermsoftheoption.Thetotalvalueofaderivativeatanygiventimeisdeterminedbyboththeunderlyingpricethenotion

5、alamount.Derivativestypicallyrequirelittlenoinitialinvestmentbecausetheinvestmentisnotintheactualassetliabilityunderlyingthederivativebutratherinthechangeinvalueattributabletoanunderlying.Fexampleifthepriceofastockincrea

6、sesfrom$40to$42aninvestholdsanoptiontobuyat$40thevalueoftheoptionhasincreasedbyatleast$2.Iftheinvestownedtheunderlyingstock.itstotalvaluewouldalsoobviouslyincrease.Thekeydifferenceisthattheoptionholderneedstomakelittleno

7、initialinvestmentwhiletheownerofthestockmustmakeasignificantinvestment.settlementreferstotheabilitytosettleaderivativecontractbyexchangingcashenteringintoanoffsettingcontractwithoutactuallybuyingsellingtherelatedassetlia

8、bility.Fexampleafuturescontractisanagreementbetweentwopartiesthatcommitsonepartytosellacommoditysecuritytotheotheratagivenpriceonaspecifiedfuturedate.Thesaleofacontractthatwaspreviouslypurchasedliquidatesafuturescontract

9、inthesamewaythatthesaleof100sharesofGMstockwouldliquidateanearlierpurchaseof100sharesofGMstock.Veryfewspeculatshavethedesirelotakedeliveryof5000bushelsofCn60000poundsofsoybeanoileven$100000inTreasurynotes.Asaresultgainsl