Use of Interest Rate Derivatives
基于芝加哥商品交易所资助的调查,发现财富500强公司使用利率期货和衍生品的比例从19.2%略降至16.5%,主要原因是利率波动性降低。
The Chicago Mercantile Exchange funded a study by Block, Gallagher, and Rzepcynski to follow an earlier survey by Block and Gallagher [1]. We have found that the use of interest rate futures and derivatives by Fortune 500 companies has not increased but has actually decreased slightly from 19.2% to 16.5%. The primary reason for the leveling off is related to a less volatile interest rate environment. The average annual change in 90day commercial paper rates has declined from 2.31% in 1978-1985 to 0.76% in 1986-1989.