巨灾互换

目前主要的巨灾风险证券化工具有巨灾债券、巨灾互换、应急资本和巨灾期权等。这些产品各有其优势和局限性。

Catastrophe bonds , catastrophe swaps , contingent capital , and catastrophe options are the four main instruments of catastrophe risk securitizations .

巨灾风险证券化，包括：巨灾债券、巨灾期权、巨灾互换以及或有资本。

Catastrophe risk securitization , including : catastrophe bonds , catastrophe options , catastrophe swaps and contingent capital .

巨灾风险证券化产品主要包括：巨灾债券、巨灾期权、巨灾期货和巨灾互换，其中，巨灾债券和巨灾期权在近年来的国际保险市场上发展迅速，交易日趋活跃。

The main products of catastrophe risk securitization are : catastrophe bonds , catastrophe options , catastrophe futures and catastrophe swaps , among which , the catastrophe bonds and the catastrophe options are developing fast in recent years , the transaction is very active .