金融衍生工具在利率风险管理中的应用

The Application of Financial Derivative Instrument in the Interest Rate Risk Management

本文研究了金融衍生工具的信息特性与套期保值功能在利率风险管理中的应用。全文分为四部分,第一部分界定了金融衍生工具的概念。第二部分分析了金融衍生工具的信息特性及其在利率走势预测中的作用。第三部分分析了套期保值功能在利率风险管理中的作用。第四部分为金融衍生市场风险分析及对不同保值方案的定量分析。

This paper consists of four parts.The first part difines the concept of financial derivatives.The second part analyses information-providing characteristics of the financial derivatives and its importance in predicting the tendency of interest rate variation.The third part analyses the effect in the risk management of interest rate by the financial derivatives.The fourth part,through empirical analysis,we should try to choose different kinds of financial instrument under different conditions.