牛熊证
- 网络cbbc;Callable Bull/Bear Contract
![牛熊证](cache/28311.jpg)
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牛熊证的年期愈长,总融资成本愈高。
The longer the duration of the CBBC , the higher the total funding costs .
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您明白牛熊证的发行价已包括融资成本。
The issue price of a CBBC includes funding costs .
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若投资者所买卖牛熊证的相关资产并非以港币为单位,其尚要面对外汇风险。
Investors trading CBBCs with underlying assets not denominated in Hong Kong dollars are also exposed to exchange rate risk .