简论掉期业务在财务管理中的应用和风险管控

Briefly Discussion on Swap Business Application in Financial Management and Risk Control

近年来,随着中国经济与世界经济的融合日益深化,我国的汇率和利率市场化进程逐渐深入,金融衍生品作为一种新型的汇率和利率管理工具步入了人们的视线,并已被诸多金融机构和公司认知并加以应用。然而,金融衍生产品的应用在我国特别是非外资或上市公司还处于初级阶段,大多数公司在运用时,不是很娴熟,存在不安全感,这使得金融衍生产品的推广和使用受到较大影响。作者通过掉期业务简要论述公司应当如何利用金融衍生产品,降低融资成本、提高资金效益。

In recent years, along with the integration of Chinese economy and the world economy, China＇s exchange rate and interest rate marketization gradually deepening, financial derivatives as a new type of exchange rate and interest rate management tools is coming into the lines of sight of people, and also has been cognized and applied by many financial institutions and companies. Howev- er, the application of financial derivatives in our country especially in non foreign or listed company is still in the initial stage, most of the companies are not able to skilled use it and insecurity, it makes the promotion and use of derivatives with great impacts. In this paper, through the swaps business introduced to briefly discuss how to utilize financial derivative products, to reduce financing cost and improve the efficiency of company funds.