一、客户背景某公司是一家大型电力企业,因投资电厂建设,于2001年末向银行申请获得了一笔3亿美元2年期贷款。公司在提款后将于2002年1月开始以美元浮动利率6个月LIB OR 加上一定差价的方式支付贷款利息,2年后一次性偿还清贷款本金。因此,美元的利率走势将直接影响公司未来的成本支出,对该公司的财务状况产生至关重要的影响。公司希望能够主动管理债务的利率风险,而不是被动承担市场波动。 First, the customer background A company is a large-scale power enterprises, investment in power plant construction, in late 2001 to the bank to apply for a 300 million US dollars 2-year loan. After the withdrawal, the company will pay interest on the loan by adding a six-month LIB OR with a floating rate of US $ from January 2002 and repay the principal of the loan in one lump sum two years later. Therefore, the dollar’s interest rate trend will directly affect the future cost of the company’s expenditure, the company’s financial position has a crucial impact. The company hopes to take the initiative to manage the interest rate risk of debt, rather than passively bear the market volatility.