房地产公司如何越来越多地使用非香草对冲结构来减少利率风险敞口

Mark Lambert, Lisa Burnand
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引用次数: 1

摘要

本文着眼于近年来房地产公司对利率衍生品的使用是如何演变的,而不仅仅是最基本的。如今,许多此类公司采用相当复杂的对冲策略已经司空见惯。作者提出了两种对冲结构,它们可以被归类为“非基本”,或者用正确的术语来说是“非香草”,并建议未来会有更多的创新。版权所有©2002 Henry Stewart Publications
本文章由计算机程序翻译,如有差异,请以英文原文为准。
How property companies are increasingly using non-vanilla hedging structures to reduce their interest rate exposure

This paper looks at how the use of interest rate derivatives by property companies has evolved in recent years, beyond the most basic. It is now commonplace for many of these companies to employ quite sophisticated hedging strategies. The authors present two hedging structures that would be classified as ‘non basic’ or to use the correct jargon ‘non vanilla’ and suggest that there is more innovation to come. Copyright © 2002 Henry Stewart Publications

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