高考问答第一现场主持人李亦寒:求金融英语翻译
来源：百度文库 编辑：高考问答 时间：2024/04/30 01:07:55
（讲到期货与期权的不同时）With options,the buyer pays the seller a premium.With futures,no premium is paid by either party.
还有：With futures,the holder of the contract is exposed to the entire spectrum of downside risk and has the potential for all the upside return.With options,the buyer limits the downside risk to the option premium but returns the upside potential.
还有：With futures,the holder of the contract is exposed to the entire spectrum of downside risk and has the potential for all the upside return.With options,the buyer limits the downside risk to the option premium but returns the upside potential.
就期权来说，买方要向卖方支付期权费，但就期货来说，双方都不需要支付期权费。
就期货来说，合约的持有人需要全面承担价格下滑的风险，当然也享受价格上扬时赚取全部回报利润的潜力。但就期权来说，买方把下滑的风险限制在期权费内，但可以享受价格上扬的回报潜力。
Premium: 期权费（金融专业词汇）
顺便解释一下最后一句，意思是，就期权来说，即使目标商品（或目标权益）的价格无限下滑，买方充其量只是把期权费损失掉而无需行使合约，但价格上扬时带来的利润也全部享受，而且不封顶。封亏不封赚。
当拥有期权时,买方要向卖方支付额外费用.而当拥有期货时,双方都不需要支付额外费用.