總和收益利率交換
total return swap
結合利率交換與選擇權而成的金融產品,係銀行為了轉嫁債券的信用風險,與投資者簽訂總和收益利率交換契約,除進行利率交換外,同時賣出一個贖回選擇權,銀行可依約定條件要求投資者買回該投資標的。
Combined with interest rate swaps and options from the financial products, the Department of banks in order to pass on the credit risk of bonds, with investors signed a contract sum of exchange rates of return, in addition to foreign exchange rates, while selling a call option, the bank agreed to follow conditions require investors to buy back the investment targets.