Rogue Trader 魔鬼营业员
Part Four:(场景四)
Nick很快就成为巴林银行新加坡国际金融交易所(simex)的明星交易人,但一次,他手下的一个交易员犯了一个错误,Nick意识到他得学其他的期货交易人那样开设一个误差帐户,于是他开立了一个88888的帐户来掩盖交易中出现的错误,以等待适合的行情出现时再挽回损失。
【播放原声】
Nick, what's the difference between initial margin and variation margin?
Initial margin's a down payment on each futures contract that we trade.
We don't pay in full until a contract matures.
But in the meantime the value of each contract may go up or down.
So SIMEX calculate our positions on a daily basis.
They'll ask for more money if the market goes against us.
That's variation margin.
Got it. I think!
We need to open an errors account.
We've had a few mistakes.
I need somewhere to put them till I can write them out.
Sure. What number shall I give it?
Well, what's your lucky number?
Eight. It is a very lucky Chinese number.
And how many numbers do we need?
Five.
Then let's give it all the luck it can handle.
Call it the 88888 account.
【逐句对照】
Nick, what's the difference between initial margin and variation margin?
Nick, 原始保证金和变动保证金有什么区别吗?
【原声播放】
Initial margin's a down payment on each futures contract that we trade.
We don't pay in full until a contract matures.
But in the meantime the value of each contract may go up or down.
So SIMEX calculate our positions on a daily basis.
They'll ask for more money if the market goes against us.
That's variation margin.
原始保证金是我们要交易的每一笔期货合同的预付款,
在一笔交易到期前,我们不需要付全款。
但由于同时,每一期合同的估价会有起有落。
所以,SIMEX每天都会计算我们的资产,
如果市场出现不利于我们的情况,
SIMEX会提出附加保证金,这种保证金就是变动保证金。
【原声播放】
Got it. I think!
我想我明白了!
【原声播放】
We need to open an errors account. We've had a few mistakes.
I need somewhere to put them till I can write them out.
我们得开立一个误差帐户,我们有几处失误,
我得有个地方暂时存放一下,直到我将这些错误全部清除。
【原声播放】
Sure. What number shall I give it?
当然好了。帐户号码开多少?
【原声播放】
Well, what's your lucky number?
恩,你的幸运数字是多少?
【原声播放】
Eight. It is a very lucky Chinese number.
8.这是个非常吉利的中国号码。
【原声播放】
Then let's give it all the luck it can handle.
Call it the 88888 account.
那么我们就来个幸运得不能再幸运的号,
就开个88888帐号吧。
【语言点】
What's the difference between initial margin and variation margin?
What's the difference between A and B?
What's the difference between city and county?
initial margin / variation margin
initial margin 原始保证金,初始保证金
variation margin 变动保证金
Initial margin's a down payment on each futures contract that we trade.
down 现付的,首付款的
a down payment 预付定金,预付款
We don't pay in full until a contract matures.
in full = fully / completely 全部的,完全的
pay in full = pay completely 付清,全额付款
There is no discount available at that store. You have to pay in full.
We need to open an errors account.
error account 错误帐户,误差帐户
【重新听一次故事原文】
Nick, what's the difference between initial margin and variation margin?
Initial margin's a down payment on each futures contract that we trade.
We don't pay in full until a contract matures.
But in the meantime the value of each contract may go up or down.
So SIMEX calculate our positions on a daily basis.
They'll ask for more money if the market goes against us.
That's variation margin.
Got it. I think!
We need to open an errors account.
We've had a few mistakes.
I need somewhere to put them till I can write them out.
Sure. What number shall I give it?
Well, what's your lucky number?
Eight. It is a very lucky Chinese number.
And how many numbers do we need?
Five.
Then let's give it all the luck it can handle.
Call it the 88888 account.