A.type of goods
B.value of the goods
C.mode of transportation
D.container or bulk shipment
如搜索结果不匹配，请 联系老师 获取答案
更多“The premium rates may vary dep…”相关的问题
第1题
第2题
A. investor expectations that short-term interest rates will fall in the future.
B. an increasing yield premium required by investors for bearing interest rate risk.
C. different levels of supply and demand for short-term and long-term funds.
第3题
B.The pure expectations theory suggests that an upward-sloping term structure of interest rates is a consequence of investors expecting short-term rates to remain unchanged for a period of time, followed by investors expecting short-term rates to rise for a period of time.
C.The liquidity preference theory suggests that a downward-sloping term structure of interest rates is due to declining expected short-term rates, and although there is a maturity premium to consider, it is not large enough to offset the expected decline in short-term rates.
第4题
Usually insurance is arranged by the exporter (under CIF terms etc. ) or the importer (under FOB, CFR terms etc.) approaching an insurance company which has a department specializing in cargo insurance. They may start by inquiring and choosing the right coverage and then negotiate insurance premium rates. Sometimes, brokers may be utilized whose assistance can be of enormous benefit as they are highly skilled specialists and can obtain sound and reliable coverage, together with competitive premium rates. In export trade, who will effect insurance depends on the particular trade terms adopted. Under CIF terms, it is the seller who arranges insurance with an insurance company. Under the terms as FOB, CFR, the buyer effects insurance, but he may ask the seller to arrange insurance on behalf of the buyer. An insurance policy is issued when goods are insured, but it is also usual for certificate of insurance to be issued for documentary purposes. An insurance policy is acrually a contract, serving as evidence of the arrangement between the insurer and the person taking out insurance. It forms part of the shipping documents.
In completing the insurance contract-the insurance policy-either party, buyer or seller, will undergo different steps, they are :
1. To apply for marine insurance
In some countries, the first step the insured party should take is to apply for insurance from a certain insurance company. The applicant should fill in the special form-the proposal form, which gives all the details concerning ownership, value, time span insurance will be for, risks and coverages, etc.
2. To determine the insurance value of the goods to be insured
Cenerally speaking, the value to be insured is based on the value of the commercial invoice; the need for maintaining adequate insurance has already been stressed. The recommended minimum amount is the total CIF value plus 10% for other fees and normal margin of profit. Probably the best way of determining needed insurance is to estimate the market value of the goods at the port of destination and to obtain coverage for that amount. Other methods of arriving at a valuation of goods may also be agreed,as determination of the value to be insured varies from country to country.
3. To determine the insurance average and coverage
Determining the right coverage sometimes can be easy, and sometimes difficult. The decision can be made only on the basis of the following factors : the nature of the product; packing considerations such as difference of air and sea transport; shipping route and ports consideration such as any transshipment on the way to the final port, etc. Based on the above factors , the insured may consider the averages and coverages. The average is closely linked with the goods and the goods,in return, are related with the coverage.
4. To determine insurance premium rates
The rates charged by the insurance company depend on many factors. The important determinants include the type of coverage desired, shipping routes, types of conveyances, duration of the voyage , and nature of the goods. Also important is each individual shipper's past loss experiences. Af'ter a period of favorable experience, rates may be lowered. Conversely,a shipper with a bad loss record may find his premiums increased. Generally, the greater the risks that the consignment is exposed to,the higher the premium will be. Premium for sending goods through the Persian Gulf,where the area is at a war, are much higher than sending oil through the Suez Canal. More exactly, the factors determining the insurance premium rates include the carrying vessel, nature of' the packing used, type of merchandise involved, nature of transit and related warehouse accommodation, previous experiences , the extent of cover needed and the volume of cargo involved.
5. To sign an insurance policy
Before filling in and signing an insurance policy, it is important to know what an insurance policy is and the kind of insurance policies. The most common policies being used now in the world today are msurance policy, insurance certificate and open policy , etc.
6. To lodge an insurance claim
Whenever an actual loss occurs ,it is important that the one having an interest in the goods can get fair, efficient, and rapid adjustment of his claims. A basic prerequisite for having a claim recognized by the insurance company is that the one making the claim has an insurable interest in the goods. Susceptibility to financial loss by the claim, if the shipment is lost or damaged,is sufficient to demonstrate an insurable interest. Claims can be made by the shipper,the buyer or even a carrier that has first lien on goods for unpaid freight charges. The one who registers a claim is not so easy. It needs patience, evidence and knowledge.
Most insurance company policies require that immediate notice be given to the nearest branch or agency in the event of damage giving rise to claim under a policy on goods. When notified of damage, the company's agent appoints a suitable surveyor to inspect the goods and to report on the nature and extent of damage. A common practice is for a report or certificate of loss incorporating the surveyor's findings to be issued to the consignees , the latter paying the fee. This certificate of loss is included with the claim papers and, if the loss is recoverable under the insurance cover,the fee is refunded to the claimants.
In some circumstances , the claim pap ers are returned to the place where the insurance was effected and subsequently to the underwriters. However, especially where goods are sold on CIF terms and the policy is assigned to the consignees;arrangements are made for any claims to be paid at destination. In such cases, the consignees approach the agents named in the policy for payment of their claims. Of course, the claims procedure will vary by circumstances but undoubtedly a quicker settlement should be secured in the event of loss or damage.
Questions for reading :
第5题
Leche Capital,LLP's bonds urently sll for $985. They pay a 9% semianual coupon,have 15-ycars to maturit,and a S10000 par value,but they can be clled in 8 years at S1100.
Assume that no costs other than the call premium would be icurred to call and refund the bonds,and also asume that the yield curve is horizontal,with rates expected to remain at crrent levels on into the future.
Lucchese资本有限合伙公司的债券目前的价格是S985。每六个月支付一次9%的利息，期限是15年，票面价值是S1000，但是在八年之后能以S1100赎回。假设赎回这支债券除了赎回溢价不会产生其他费用，同时假设收益曲线是水平的，未来也不会发生变化。
a. What is the bond's yield to maturity (YTM)?债券的到期收益率是多少?
b. What is the bond's yield to call (YTC)?债券的赎回收益率是多少?
C. Which yield, the YTM or the YTC,should an investor expect to earn on this bond?
投资者对这支债券的预期收益率应该是到期收益率还是赎回收益率?
第6题
为：M/P=L(r，Y)。这里：P=λPd+(1-λ)Pf/e，参数λ是物价指数P中国内产品的比例。假设国内产品价格Pd和用外国通货表示的外国产品价格Pf是固定的。
a．假定我们根据Pd与Pf给定的值(而不是通常所用的P)画出LM*曲线。解释为什么在这个模型中这条LM*曲线向右上方倾斜，而不是垂直的。
b．在这个模型中，在浮动汇率下，扩张性财政政策的影响是什么？请解释。与标准的蒙代尔—弗莱明模型进行对比。
c．假设政治不稳定提高了该国的风险贴水，从而使利率上升。在这个模型中，对汇率、物价水平和总收入的影响是什么？与标准的蒙代尔—弗莱明模型进行对比。
Suppose that the price level relevant for money demand includes the price of imported goods and that the price of imported goods depends on the exchange rate. That is, the money market is described by M/P=L(r，Y)，where P=λPd+(1-d)Pf/e. The parameter λ is the share of domestic goods in the price index P. Assume that the price of domestic goods Pdand the price of foreign goods measured in foreign currency Pfare fixed.
a．Suppose we graph the LM*curve for given values of Pdand Pf(instead of the usual P). Explain why in this model this LM*curve is upward sloping rather than vertical.
b．What is the effect of expansionary fiscal policy under floating exchange rates in this model？ Explain. Contrast with the standard Mundell-Fleming model.
c．Suppose that political instability increases the country risk premium and，thereby，the interest rate. What is the effect on the exchange rate, the price level, and aggregate income in this model？ Contrast with the standard Mundell-Fleming model.
第7题
The following scenario relates to questions 1 to 5.
Herd Co is based in a country whose currency is the dollar ($). The company expects to receive €1,500,000 in six months’ time from Find Co, a foreign customer. The finance director of Herd Co is concerned that the euro (€) may depreciate against the dollar before the foreign customer makes payment and she is looking at hedging the receipt.
Herd Co has in issue loan notes with a total nominal value of $4 million which can be redeemed in 10 years’ time. The interest paid on the loan notes is at a variable rate linked to LIBOR. The finance director of Herd Co believes that interest rates may increase in the near future.
The spot exchange rate is €1·543 per $1. The domestic short-term interest rate is 2% per year, while the foreign short-term interest rate is 5% per year.
What is the six-month forward exchange rate predicted by interest rate parity？
A.€1·499 per $1
B.€1·520 per $1
C.€1·566 per $1
D.€1·588 per $1
As regards the interest rate risk faced by Herd Co, which of the following statements is correct？A.In exchange for a premium, Herd Co could hedge its interest rate risk by buying interest rate options
B.Buying a floor will give Herd Co a hedge against interest rate increases
C.Herd Co can hedge its interest rate risk by buying interest rate futures now in order to sell them at a future date
D.Taking out a variable rate overdraft will allow Herd Co to hedge the interest rate risk through matching
Which of the following hedging methods will NOT be suitable for hedging the euro receipt？A.Forward exchange contract
B.Money market hedge
C.Currency futures
D.Currency swap
Which of the following statements support the finance director’s belief that the euro will depreciate against the dollar？
(1) The dollar inflation rate is greater than the euro inflation rate
(2) The dollar nominal interest rate is less than the euro nominal interest rate
A.1 only
B.2 only
C.Both 1 and 2
D.Neither 1 nor 2
As regards the euro receipt, what is the primary nature of the risk faced by Herd Co？A.Transaction risk
B.Economic risk
C.Translation risk
D.Business risk
请帮忙给出每个问题的正确答案和分析，谢谢！
为了保护您的账号安全，请在“赏学吧”公众号进行验证，点击“官网服务”-“账号验证”后输入验证码“”完成验证，验证成功后方可继续查看答案！
微信搜一搜
赏学吧
微信搜一搜
赏学吧
