试论我国企业外债风险管理

Foreign Liability Risk Management of Chinese Enterprises

自1973年布雷顿森林体系崩溃以来,西方各国纷纷放松甚至取消外汇管制和利率管制。汇率和利率频繁而剧烈的波动加剧了企业的经营风险。目前我国大多数企业防范外债风险措施不力,给企业经营和国家外债安全带来隐患。本文试从我国企业外债风险管理普遍存在的问题,借鉴国内外成功经验,论述企业如何进行外债风险管理以达到规避风险的目的,以及国家外汇法规、人民币／外币衍生金融工具和衍生工具会计处理的如何满足企业外债风险管理需求。

While Bretton Woods system was broken in 1973, West countries broadened foreign exchange rate and interest rate control. Foreign exchange rate and interest rate fluctuating added operating risk for enterprises. Foreign Liability Risk Management in most Chinese enterprises was not conducted,which should make the enterprises operating uncertainty and country of foreign Loans unsafety. This article tried to discuss how to manage the foreign liability risk and discuss foreign exchange policy, CNY/foreign currency derivative facility and accounting treatment how to meet the requirements of foreign liability risk management with reference to globe.successful experience.