Значение слова "COVERED INTEREST RATE PARITY" найдено в 3 источниках

COVERED INTEREST RATE PARITY

Covered Interest Rate Parity: translation

This term refers to a condition where the relationship between interest rates and the spot and forward currency values of two countries are in equilibrium. As a result, there are no interest rate arbitrage opportunities between those two currencies.

As an example, assume Country X's currency is trading at par with Country Z's currency, but the interest rate in Country X is 6% and the interest rate in country Z is 3%. All other things being equal, it would make good sense to borrow in the currency of Z, convert it in the spot market to currency X and invest the proceeds in Country X. However, in order to repay the loan in currency Z, one must enter into a forward contract to exchange the currency back from X to Z. Covered interest rate parity exists when the forward rate of converting X to Z eradicates all the profit from the transaction.

найдено в "Англо-русском экономическом словаре"

фин., межд. эк. покрытый процентный паритет, покрытый паритет процентных ставок (равенство доходности идентичных финансовых активов, деноминированных в разных валютах, при условии использования защиты от валютного риска, обычно в форме заключения форвардной сделки; в приближенном виде условие покрытого процентного паритета требует, чтобы ставка процента на внутреннем рынке равнялась сумме ставки процента на иностранном рынке и форвардной премии)

Syn:

covered interest parity

See:

forward premium, interest rate parity б), uncovered interest rate parity

найдено в "Financial and business terms"

Covered Interest Rate Parity: translation

The principle that the yields from interest-bearing foreign and domestic investments should be equal when the currency market is used to predetermine the domestic currency payoff from a foreign investment. Bloomberg Financial Dictionary

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