外汇敞口

第四部分为文章的核心部分，主要运用外汇敞口分析法，对中国银行外汇风险进行测量、分析、比较。

The fourth part is the core part of the paper , used foreign exchange exposure analysis measures , analysis , compares foreign exchange risk of bank of China .

商业银行的结构外汇敞口不在计算范围之内。

The structural foreign exchange exposure is not covered .

欧元借款可被用于管理外汇敞口，或为在欧元区展开的交易和运营提供资金。

Borrowing in euros can be used to manage currency exposures or finance deals and operations in the region .

随着人民币汇率体制改革和银行业发展进程的加快，国内商业银行的外汇敞口风险、客户外汇风险和折算风险日益显著，汇率风险管理面临着机遇与挑战。

With the development of banks and reform of Renminbi exchange rate regime , Chinese commercial banks ' exchange rate risks become more and more obvious .

考虑到英国各银行庞大的外汇敞口，指望英国央行的印钞机能够解决这个问题是欠考虑的。

Given the huge foreign currency exposures of British banks , it is reckless to rely on BOE printing presses being able to solve such a problem .

在测量上，我国商业银行大多采取了外汇敞口法进行测量，这种方法忽略了汇率之间的相关性，也不能为外汇组合的调整提供决策建议。

Considering measurement method , mostly banks take exposure method to calculate risk of foreign currency , which ignores the correlation between foreign assets and it also cannot provide advices for the portfolio adjustment .

银行表示，由于欧元区不确定性的加大，在过去几周，对外汇敞口进行对冲的机构投资者和公司在外汇市场上也不那么活跃了。

Institutional investors and companies that hedge their currency exposure have also been less active in the foreign exchange market in the past few weeks due to the greater uncertainty over the eurozone , banks said .

这个更广泛的政策目标对降低中国出口企业的外汇风险敞口和交易成本则有着更为现实的作用。

The broader policy goal also has a more practical function in reducing currency exposure and transaction costs for Chinese exporters .

同样值得关注的是，当以借款人的国籍而不是居住地来衡量时，外汇风险敞口要大得多。目前编制国际收支平衡表时使用的是居住地。

It is also worth noting that foreign-currency exposure is much higher when measured by nationality of the borrower than residence – which is how balance-of-payments figures are compiled .

中信泰富9月7日首次得知其外汇合约的风险敞口，随后从母公司获得了15亿美元的备用信贷安排。中信泰富广泛涉足地产、基建和钢铁等领域。

Citic Pacific , which has extensive interests in property , infrastructure and steel , first learned of its foreign currency exposure on September 7 and later secured a US $ 1.5bn standby loan facility from its parent .