金融衍生产品的信用风险及其管理

Preemptive Measures against Credit Risks of Financial Derivatives

金融衍生产品是一把“双刃剑”,在利用它规避风险的同时,也会增加风险的形成,比如由此产生的信用风险,其危害性就很大。鉴于金融衍生产品的特点及其信用风险的成因,可从四个方面防范和管理金融衍生产品的信用风险:一是提高市场参与者对金融衍生产品的认识;二是建立信用风险的防范机制;三是利用信用衍生产品转移信用风险;四是加强信用风险的宏观管理。

Financial derivative is a two-edged sword, which provides risk hedge and enhances risks. Its harm could be enormous. Given its nature and source of risks, the following preemptive measures could be taken: knowledge enhancement of participants; risk management mechanism; risk transfer through credit derivatives and intensifying macro-management