期权期货套期保值及风险管理分析

Analysis of the Hedging and Risk Management of Futures-Style Option

论文分别介绍了期货和期权的套期保值的基本原理及具体应用,并通过分析中航油事件、德国金属公司事件这两件国内外企业参与金融衍生品套期保值的风险控制失败案例,探究其套期保值失败的原因,以提出一些套期保值及风险管理的建议,最后对企业如何看待和利用套期保值进行了总结。

This paper introduces the basic principle and application of hedging of future-style options.And through the analysis of CAO event and MG event,two cases of failure in risk control of domestic and foreign enterprises participating in financial derivatives hedging,the paper explore the causes for the failure of hedging,and puts forward some suggestions on hedging and risk management.At last,the paper summarizes how the enterprises can treat and use hedging.