原生金融工具
- 网络underlying financial instruments;Primary Financial Instruments
原生金融工具-
摘要衍生金融工具是由原生金融工具派生出来的，其价格决定于原生金融工具价格衍生金融创新形式。
Derivative instruments are kinds of financial innovative forms , which derive and come out from primary financial instruments , and their prices are decided by primary financial instrument .
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与中小投资者自己直接投资于股票、债券等原生金融工具不同，基金具有一定的派生性，存在较长的委托代理链条，信息不对称所导致的道德风险问题也更加突出。
Different from the direct investment of investors , the investment of fund is derived , and there is a longer train of commission and agent . Therefore , the moral risk result from the information asymmetry is more obvious .