評論
打印
New Words
新單詞
challenge v.
引起，要求
eliminate v.
消除，抵消
adverse adj.
不利的
premium n.
保險金
confirmation n.
確認書
Phrases & Expressions
短語
read one's mind
看出某人的心思
sort out
把．．．分類，把．．．整理
more or less
或多或少
run a risk
冒險
lose one's patience
失去耐心
Z:How are you, Mr. Steward? We haven't seen each other for a whole week.
張：您好，斯特沃先生。一周末見了，近來好吧？
S:I'm fine. Yes, time is flying by. How are you, Zhang Jun?
斯：很好,時間過得真快呀！近來你也挺好吧？
Z:Not bad.
張：還行。
S:Really? I'm afraid you have got a lot more questions to challenge me again.
斯：真的嗎？恐怕這次你來，又有一大堆問題等著我呢！
S, Z:Ha-ha... (laughing)
斯與張：哈-哈(一起笑起來)
Z:Yes, you are reading my mind. Last time when I went back to my dormitory,
張：是啊，你可真清楚我是怎么想的。上次我回到宿舍，
I made an effort to sort out the information you provided.
把您講的一大堆內容整理了一下，
I was still a bit confused.
發現還有一些弄不明白。
S:Yes? What exactly bothered you?
斯：是些什么問題呢？
Z:As you said the forward market of foreign exchange is very helpful for companies of foreign trade to avoid possible loss.
張：您說過，期貨外匯交易可以使外貿公司避免一些可能的損失。
S:Yes, that's true.
斯：是的。
Z:But, how about... you see...
張：但，是怎樣來避免的呢？您想．．．
S:You can give me an example to illustrate your disagreement.
斯：你可以給我一個實例，來講清楚你的不同意見。
Z:For instance, a German company knows that it will need an amount of US dollars in three weeks to pay for imports of facility from the United States of America.
張：比如說，某一德國公司從美國進口一批設備，需要在三周內用美元支付。
As you said, they can buy the dollars forward to reduce or eliminate the risk of an adverse movement in exchange rates between the Deutsch mark and the US dollar.
您說過，這家公司可以作外匯期貨交易購買美元，以降低甚至抵消德國馬克與美元之間匯率的不利變化而產生的風險。
But exchange rates are changing.
但是，匯率在不斷地波動著。
Maybe, there will be a favorable movement in exchange rates between Deutschmark and the US dollar.
也許，德國馬克與美元的匯率有可能產生有利的變化。
Then, why can't the company wait for three weeks to buy the dollars at the spot rate?
那么為何該公司不可以等到三周后再來作即期交易購買美元呢？
S:You are realy smart, Zhang Jun. Let me tell you, that's just the original idea of currency options.
斯：張軍，你的分析真是頭頭是道。我現在告訴你，那只是所謂外匯期權的本來意義，
Z:Currency options? I have never heard of this term. Would you please give me more detailed information about it?
張:外匯期權?這個名詞我從未聽說過.您能否詳細地解釋一
S:Sure. What I told you last Saturday is not wrong.
斯：好的。上周我告訴你的那些沒錯的
But let me give you a wider and more complete picture about foreign exchange.
現在我給你再講一些外匯交易方面的知識。
More or less, foreign exchange dealing involves a calculated gamble on exchange rates.
外匯交易或多或少有點像對匯率來一次有意的賭博。
Z:Why 'gamble'?
張：為什么您用“賭博”這個詞呢？
S:Isn't foreign exchange dealing like a gamble? As you described in your example,
斯：你說，外匯交易像不像賭博？從你舉的例子來說，
the German company may get a better exchange rate if it waits for three weeks to buy the dollars at the spot rate.
那個德國公司如果等到三周以后再即期購買美元，匯率有可能對他們有利：
But things will also go against us. Three weeks later, the rate could be worse.
但也可能事與愿違，三周后的匯率也許變得很糟糕。
So anyway, either course of action runs a risk.
因此，不管是前者，還是后者都承擔風險。
Z:But what are all these related to currency options?
張：但您以上所說的一切與期權有什么關系呢？
S:Oh, don't lose your patience.Under the currency option,the customer pays a premium to the bank.
斯：你得沉住氣呀！想要取得期權，客戶得向銀行支付一筆保證金。
Z:What advantages concerning foreign exchange can the customer enjoy?
張：那么客戶在外匯買賣時享有什么好處呢？
S:After the customer of the bank pays a premium, the bank send out confirmation of the deal.
斯：在客戶向銀行支付了一筆保險費或保證金以后，銀行就出具一份外匯期權交易的確認書。
