香港ABC公司在2010年6月向美国出口一批产品,应收款项100万美元,约定9月份收

题型:问答题

问题:

香港ABC公司在2010年6月向美国出口一批产品,应收款项100万美元,约定9月份收款。为从事各种套期保值交易所需要的有关资料如下:
(1)即期汇率:7.825港元/美元;
(2)3个月远期合同汇率:7.815港元/美元;
(3)美元3个月期借款利率:年利率8%(季利率2%);
(4)港元3个月期存款利率:年利率10%(季利率2.5%);
(5)在6月份的外汇期货交易市场,9月份到期的美元期货合约的汇率为7.820港元/美元,合约单位100万美元,初始保证金的比例为5%;
(6)在6月份的外汇期权交易市场,9月份到期的看跌期权的履约价格为7.815港元/美元,合约单位100万美元,期权费0.04%;
(7)另外,据预测3个月后现汇市场即期汇率和期货市场期货合约的汇率将均为7.800港元/美元。
要求:
对这笔应收账款,ABC公司分别采取下列交易风险管理策略,针对每一种策略分析其过程和结果:

利用期货进行套期保值;

考点:注册会计师公司战略与风险管理公司战略与风险管理
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