创新变革 再上新台阶——2017年利率互换市场回顾与展望

Innovations and reforms help the IRS market reach a new level ---2017 IRS market review and outlook

2017年起利率互换市场迎来了第二个十年。这个开局之年可谓精彩纷呈，市场既收获了参与者的扩容和丰富，也见证了重要市场创新与变革。产品体系不断壮大，市场活力进一步激发。该文回顾了2017年利率互换市场概况和重大创新，并着眼于市场更好发展提出相关延伸性建议。谨以此文纪念利率互换市场第二个十年的开局之年。

Entering 2017, the IRS market is on the threshold of the second decade of development. This opening year for the second decade proved to be a year with many highlights, when the market not only harvested the expansion and enrichment of participants, but also witnessed significant market innovations and reforms. The products in the market have been continuously enriched and the market vitality is further stimulated. This paper reviews the developments and innovations of IRS market in 2017, and offers relevant recommendations for the better development of the market. In this regard, the author writes this paper in commemoration of the opening year of the second decade of the IRS market.