从企业境外套期保值的交易方式分析国储期铜巨亏事件

Analysis of state reserve future copper's great lost from enterprise overseas hedge's trade mode

通过国储期铜巨亏事件始末,指出企业进行套期保值是非常必要而且是十分有利的,但有些企业非但没有严格遵守境外套期保值的交易规则,更是违背交易方式,由境外套期保值演变为境外过度投机,针对交易过程中出现的问题提出企业进行境外卖出套期保值时,在传统的期货套保方式中引入期货期权方式进行境外套保,从而避免民族资本遭受损失。

Through the case of huge loss of time copper of oountry,s reserve, it pointes out that enterprise carries on the hedge is very necessary and advan- tageous. But some enterprises not only don＇t observe the transaction rules of the foreign hedge strictly, but also violate the trading mode. Hedging abroad evolutes to foreign excessively congenial. For the problem of the transaction process, when the enterprise carries on selling the hedge abroad, mode of futures options is introduced to the traditional mode of hedging toavoid the loss of national capital.