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.