债券远期交易的风险特征与管理对策

Bond forward risks and countermeasures

银行间市场债券远期业务的推出,对于深化利率市场化改革,推动市场纵深发展具有深远的意义。但结合债券远期业务本身的特性和国内债券市场的客观实际,目前我国开展债券远期业务还存在着一定风险,该文描述了这些风险的产生根源,并从宏观监管和微观内控两个层面提出了风险防范的对策。

The introduction of bond forward in the interbank market is of great significance for market reform of the interest rate and in-depth development of the market.Due to the embedded risk in bond forward and the domestic bond market situation,there are risks associated with the introduction of bond forward in China.The paper describes the roots of the risks and puts forth countermeasures for macro surveillance and internal control.