酷兔英语

现金等价物的中文解释

指极容易和很快可转换成现金的资产,持有这种资产如同持有现金。国库券便被视为现金等价物。此词也指一种另类的交割方式: 卖方交给买方的不是证券本身,而是等值的现金。以现金结算远较以债券或股票等标的资产交割简单,当交易的一方对持有标的证券不感兴趣,但又希望规避利率或市场波动风险时,往往以此种方式结算。

Cash Equivalent的英文解释

An asset that is so easily and quickly convertible to cash that holding it is equivalent to holding cash. A Treasury bill is considered cash equivalent. This term is also used to describe an alternative method of liquidating a position, whereby the seller provides the cash equivalent to the buyer rather than the security itself. Settling by cash equivalent is a much simpler process than providing the underlying bonds or shares. It is usually done when the counter party to a deal has no interest in owning the underlying securities but wishes to protect himself against interest rate or market moves.



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