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Swaps\uff0c\u7528\u4f86\u53cd\u6620\u5e02\u5834\u5c0d\u672a\u4f86\u653f\u7b56\u5229\u7387\u9810\u671f\u7684\u5229\u7387\u4ea4\u63db\u5de5\u5177\uff09\u76ee\u524d\u986f\u793a\uff0c\u65e5\u672c\u592e\u884c\u5347\u606f 15 \u500b\u57fa\u9ede\uff08basis point\uff0c1 \u57fa\u9ede\u7b49\u65bc 0.01%\uff09\u7684\u6a5f\u7387\u5df2\u9ad8\u65bc 75%\uff0c\u9810\u671f\u660e\u986f\u5347\u6eab\u3002\u70ba\u4e86\u964d\u4f4e\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\uff0c\u53ef\u642d\u914d\u8cb7\u9032\u50f9\u5916\u8cb7\u6b0a\uff08out-of-the-money call\uff0c\u5c65\u7d04\u50f9\u9ad8\u65bc\u73fe\u50f9\u7684\u8cb7\u6b0a\uff09\uff0c\u7528\u4f86\u9632\u7bc4\u82e5\u8377\u83ab\u8332\u5c40\u52e2\u60e1\u5316\u5c0e\u81f4\u532f\u50f9\u7a81\u7136\u98c6\u5347\u3002\n\n\u76f8\u53cd\u5730\uff0c\u82e5\u4ea4\u6613\u8005\u8a8d\u70ba\u5730\u7de3\u653f\u6cbb\u5c07\u58d3\u904e\u592e\u884c\u653f\u7b56\uff0c\u53ef\u8003\u616e\u505a\u591a\uff08long 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