⭐ 欢迎来到虫虫下载站！ | 📦 资源下载 📁 资源专辑 ℹ️ 关于我们
⭐ 虫虫下载站
📤 上传资源

📄 followscrolling.htm

📁 这是一些关于JavaScript的学习资料 希望对大家有用
💻 HTM
📖 第 1 页 / 共 5 页
字号:
🔍
12345 
<P class=MsoNormal 
style="LINE-HEIGHT: 150%; TEXT-INDENT: 24pt; mso-char-indent-count: 2.0; mso-char-indent-size: 12.0pt"><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">2</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">、利差</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312"><O:P> </O:P></SPAN></P>
<P class=MsoNormal 
style="LINE-HEIGHT: 150%; TEXT-INDENT: 24pt; mso-char-indent-count: 2.0; mso-char-indent-size: 12.0pt"><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">每个</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRN</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">除了指定基准指标之外，还要指定一个利差。在每个利率重置日，都要在基准指标中加上或减去利差，以决定下一个利息支付期的利息率。于是，我们有：参考指标＋</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">S</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">。这里，</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">S</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">是利差，是对违约风险的补偿。发行人的信用等级不同，对发行人信用风险的补偿不同，</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">S</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">也不一样。利差可以是固定的，也可以是变动的。利差的大小取决于公司信用等级与国家信用的差异程度。违约风险主要取决于发行人的信誉和发行的证券类型。一些政府附属的大型公司发行的</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRNs</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">，利差也非常小。</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312"><O:P> </O:P></SPAN></P>
<P class=MsoNormal 
style="LINE-HEIGHT: 150%; TEXT-INDENT: 24pt; mso-char-indent-count: 2.0; mso-char-indent-size: 12.0pt"><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">3</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">、利率重置频率</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312"><O:P> </O:P></SPAN></P>
<P class=MsoNormal 
style="LINE-HEIGHT: 150%; TEXT-INDENT: 24pt; mso-char-indent-count: 2.0; mso-char-indent-size: 12.0pt"><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">一般来讲，浮动利率债券重新设定票息的间隔为</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">3</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">个月、</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">6</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">个月和</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">1</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">年，国际债券市场又以</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">6</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">个月居多。</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312"><O:P> </O:P></SPAN></P>
<P class=MsoNormal 
style="LINE-HEIGHT: 150%; TEXT-INDENT: 24pt; mso-char-indent-count: 2.0; mso-char-indent-size: 12.0pt"><A 
name=OLE_LINK1><SPAN lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRNs</SPAN></A><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">的利息重置频率一般与利息支付频率一致。但一些</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRNs</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">的利息重置频率高于利息支付频率。例如，利率每月重新设置，利息则每季支付一次。实际的利息支付日期还可以滞后于利率重置日期。例如，利率每月</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">15</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">日重新设置，而利息则在</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">3</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">月、</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">6</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">月、</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">9</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">月和</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">12</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">月的最后一天支付。</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312"><O:P> </O:P></SPAN></P>
<P class=MsoNormal 
style="LINE-HEIGHT: 150%; TEXT-INDENT: 24pt; mso-char-indent-count: 2.0; mso-char-indent-size: 12.0pt"><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">4</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">、观测数据</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312"><O:P> </O:P></SPAN></P>
<P class=MsoNormal 
style="LINE-HEIGHT: 150%; TEXT-INDENT: 24pt; mso-char-indent-count: 2.0; mso-char-indent-size: 12.0pt"><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">在重新设置基准利率时，需要确定基准指标值的观测时间，也就是说以哪个时间发布的数据为基准，这方面的规则也是多种多样的。指定观测时间的规则通常不仅包括一个特定的时间，还要包括特定的地点。例如，</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">3</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">个月</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">LIBOR</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">的观测日期规定为：伦敦的指定银行，在利率重置日期前第二个工作日的中午</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">12:00</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">，报出的</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">3</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">个月欧洲美元存款的平均拆放利率。如果当天没有指定的</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">LIBOR</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">，则取前一日的相同时间的</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">LIBOR</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">。如果出现多个指定的</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">LIBOR</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">，则取最高的</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">LIBOR</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">作为基准。</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312"><O:P> </O:P></SPAN></P>
<P class=MsoNormal 
style="LINE-HEIGHT: 150%; TEXT-INDENT: 24.1pt; mso-char-indent-count: 2.0; mso-char-indent-size: 12.05pt"><B><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">（三）</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRNs </SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">的类型</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312"><O:P> </O:P></SPAN></B></P>
<P class=MsoNormal 
style="LINE-HEIGHT: 150%; TEXT-INDENT: 24pt; mso-char-indent-count: 2.0; mso-char-indent-size: 12.0pt"><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">随着投资者偏好和借款者的融资计划的改变，债券市场出现了不同类型的</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRNs</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">，包括可转换（</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">flip-flop</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">）</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRNs</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">、错位（</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">mismatch </SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">）</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRNs</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">、上限和下限（</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">caps and floors</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">）</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRNs</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">，以及永久性</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRNs</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">。</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312"><O:P> </O:P></SPAN></P>
<P class=MsoNormal 
style="LINE-HEIGHT: 150%; TEXT-INDENT: 24pt; mso-char-indent-count: 2.0; mso-char-indent-size: 12.0pt"><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">1</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">、可转换（</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">flip-flop</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">）</SPAN><SPAN 
lang=EN-US style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRNs<O:P> </O:P></SPAN></P>
<P class=MsoNormal 
style="LINE-HEIGHT: 150%; TEXT-INDENT: 24pt; mso-char-indent-count: 2.0; mso-char-indent-size: 12.0pt"><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">世界银行在</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">1985</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">年发行了一只利差为</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">50</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">个基点，以</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">3</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">个月美国国库券利率为基准的永久性</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">FRNs</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">。债券持有人每</SPAN><SPAN 
lang=EN-US 
style="FONT-SIZE: 12pt; mso-fareast-font-family: 仿宋_GB2312">6</SPAN><SPAN 
style="FONT-FAMILY: 仿宋_GB2312; FONT-SIZE: 12pt; mso-ascii-font-family: 'Times New Roman'">个月拥有将</SPAN><SPAN 
lang=EN-US
12345

⌨️ 快捷键说明

复制代码 Ctrl + C
搜索代码 Ctrl + F
全屏模式 F11
切换主题 Ctrl + Shift + D
显示快捷键 ?
增大字号 Ctrl + =
减小字号 Ctrl + -