债券远期交易的功能与风险防范

Bond forward Functions and Visk Control

2005年5月16日,我国推出第一个金融衍生产品-债券远期。债券远期交易具有规避风险及价格发现功能,对促进现货市场发展,完善市场价格发现功能,维护金融稳定以及央行制定和执行货币政策具有重要意义。本文介绍了债券远期交易的功能与风险控制管理。

The Administrative Rules on Forward Bond Transactions in the National Interbank Bond Market published by the people＇s Bank of China on May 16, 2005 marked the official lauch of bond forward, the first derivatives in china＇s bond market. 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. This paper introduces the function of bond forward transaction, the risk control of bond forward transaction.