【正文】
Multinational Financial Management Alan Shapiro 7th Edition Sons Power Points by Joseph F. Greco, . California State University, Fullerton 1 CHAPTER 8 CURRENCY FUTURES AND OPTIONS MARKETS 2 CHAPTER OVERVIEW I. FUTURES CONTRACTS II. CURRENCY OPTIONS 3 PART I. FUTURES CONTRACTS I. CURRENCY FUTURES A. Background 1. 1972: Chicago Mercantile Exchange opens International Moary Market. (IMM) 4 FUTURES CONTRACTS 2. IMM provides a. an outlet for hedging currency risk with futures contracts. b. Definition of futures contracts: contracts written requiring ? a standard quantity of an available currency ? at a fixed exchange rate ? at a set delivery date. 5 FUTURES CONTRACTS c. Available Futures Currencies: 1.) British pound 5.) Euro 2.) Canadian dollar 6.) Japanese yen 3.) Deutsche mark 7.) Australian dollar 4.) Swiss franc 6 FUTURES CONTRACTS d. Standard Contract Sizes: contract sizes differ for each o