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acca f9真題對于acca f9的考試的重要性我相信各位acca考生都心知肚明了，首先我們先看一下acca f9科目的考試內(nèi)容
Study objectives：
To appreciate the nature of interest rate risk.
To describe internal methods of hedging interest rate exposure.
To implement and *uate external hedging strategies.
Nature of interest rate risk
Companies have exposure to interest rates risks：
Rising interest rates
Falling interest rates
Management of interest rate risk：
Smoothing-maintaining a balance between fixed rate and floating rate borrowing.
Matching-attempting to have a common interest rate for both assets and liabilities.This is more practical for financial institutions than for trading companies.
External hedging techniques：
Forward Rate Agreements(FRAs);
OTC options-caps，floors and collars;
Interest rate futures contracts;
Options on interest rate futures;
Interest rate swaps and swaptions.
Stakeholder definition
Government regulation
Regulation includes the existence of governing bodies such as：
(a)OFWAT-water regulation
(b)Postcomm-Royal mail regulator
(c)Competition commission-takeover and merger regulator.
Other environmental and ethical issues
Government regulation
Government regulates
supply，quality and prices of certain organisations such as：
(a)Monopolies
(b)Privatised utilities
(c)State owned/run.
Regulation is designed to enforce/enhance：
(a)Competition
acca f9真題的重要性：
