[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-deriv_prac-18-034":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"deriv_prac","衍生性金融商品銷售人員資格測驗——衍生性金融商品概論與實務","c1",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"deriv_prac-18-034","18",34,"對於「以信用交換合成的 CDOs」、「以現貨資產合成的 CDOs」進行比較，下列敘述何者正確？",[13,14,15,16],"「以信用交換合成的 CDOs」相對收益較低","「以信用交換合成的 CDOs」到期日通常較長","「以信用交換合成的 CDOs」累積投資組合的時間較短","「以現貨資產合成的 CDOs」在契約條件的設計上較有彈性",2,"衍生性商品概論",1,"兩種 CDO 的差別在於信用曝險怎麼取得。合成型透過信用違約交換賣出保護，簽約即取得參考組合的信用曝險，不必到次級市場一檔一檔買進實體債券，因此 (C) 累積投資組合所需的時間明顯較短，這也是它在建倉效率上的主要優勢。(A) 錯，省去買進現貨的資金成本又能運用槓桿，合成型的相對收益通常較高。(B) 錯，信用違約交換的天期多半集中在數年之內，到期日通常比實體資產組合短。(D) 錯，設計彈性大的是合成型——參考標的、分券結構與天期都能依投資人需求量身訂做，現貨型則受限於市場上買得到哪些資產。","hard",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"deriv_prac-18-017","δ(Delta)變動所引發選擇權價值變動的風險，係指下列何者？",17,{"id":28,"question":29,"qno":30},"deriv_prac-18-018","結算前風險可以區分為現有違約風險及潛在違約風險，關於違約風險，下列敘述何者錯誤？",18,{"id":32,"question":33,"qno":34},"deriv_prac-18-022","臺灣市場上所稱之「連動債」或「結構債」，其本質係屬於下列何者？",22,{"id":36,"question":37,"qno":38},"deriv_prac-18-024","台灣的某家進口廠商預期在 3 個月後須支付一筆歐元 100,000，在無做任何避險交易下，廠商所擔心的是，屆時台幣將會作何變化？",24,{"id":40,"question":41,"qno":42},"deriv_prac-18-025","「利率上限」(interest rate cap)簡稱為 Cap，以下敘述何者為正確？",25,{"id":44,"question":45,"qno":46},"deriv_prac-18-026","證券商與銀行可以利用「資產交換」的方式，將可轉換公司債分解成哪兩大部分？",26,1785157762070]