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外文翻译--小额贷款机构外汇风险管理和小额信贷投资基金.doc

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外文翻译--小额贷款机构外汇风险管理和小额信贷投资基金.doc

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外文翻译--小额贷款机构外汇风险管理和小额信贷投资基金.doc

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文档介绍:原文:TheManagementofForeignExchangeRiskbyMicrofinanceInstitutionsandMicrofinanceInvestmentFundsTheterm“MFI”passinstitutionsthatprovidesmall-scalefinancialservices,suchasloans,savings,insurance,remittancesandotherservices(generallyinamountslessthan250%ofGNPpercapita).anizations:NGOs,creditunions,non-bankfinancialintermediaries,ruralbanks,(MFIFs)andotherfunderssuchasofficialdevelopmentagenciesfinancetheiractivitiesinUSdollars(USD)orEuros(EUR),whichmaybecalled“hardcurrencies.”However,mostmicrofinanceinstitutions(MFIs)operateinnondollarisedornon-Euro-,andtheprobabilitythattherelativevaluesofthetwocurrencieswillalter,createsforeignexchange(FX),,,,spreadsbetweeninterestratesonbothsidesofthebalancesheetmaychange,thatis,interestratesonmoneyborrowedinonecurrencybyamicrofinanceinstitution,forexample,,,,whileinthecaseofguaranteefundsthesitua