shirley
2022-12-04 17:53The credit premium compensates for the expected level of losses and for the risk of default losses, both of are parts of the credit spread. 老師這句話是什么意思？這 兩個part分別指什么？credit premium和credit spread含義是否一樣？另外授課老師在42頁PPT講credit premium包括三個方面，expected loss和default risk和信用評級，前兩個方面有什么區(qū)別？
所屬：CFA Level III > Capital Market Expectations 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Johnny助教
2022-12-06 11:11
該回答已被題主采納
同學你好，以下是原版教材原文：
The credit premium is the additional expected return demanded for bearing the risk of default losses—importantly, in addition to compensation for the expected level of losses. Both expected default losses and the credit premium are embedded in credit spreads.
信用溢價是對預期損失以及對承擔違約風險這兩部分的補償，也就是兩個part。預期違約損失與信用溢價都被嵌入到信用利差中，所以根據(jù)官方教材而言，credit premium是被包含在credit spread里面。Expected loss是損失，是虧了多少錢，default risk是違約風險，風險是種不確定性。
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