【大学课件】Enterprise Risk Management企业风险管理

_mengThe“New”RiskManagement-1980s?“新式”风险管理Financialriskmanagement金融风险管理?Dealtwithfinancialrisk面对金融风险 Foreignexchangerisk外汇风险 Interestraterisk利率风险 moditypricerisk商品价格风险?Usederivativestohedgefinancialrisk利用金融衍生物对冲金融风险dae_mengFinancialRiskManagementToolbox?金融风险管理工具Forwards远期Futures期货Swaps掉期交易Options期权dae_mengForwardContracts远期合约Aforwardcontractobligatesonepartytosellandanotherpartytobuyanasset远期合约是在交易双方中,规定一方必须卖出,一方必须买进资产的交易Theexchangetakesplaceinthefuture交割发生在将来Thepriceisfixedtoday价格在交易时确定Nopaymentismadeuntilmaturity交割日前不需付款Thebuyerhasagainiftheassetvalueincreases如果资产增值,买方获利dae_mengFuturesContracts期货合约Afutureobligatesonepartytobuyandanothertosellaspecifiedassetinthefutureatapriceagreedontoday一份期货合约规定交易双方必须在将来某一时间以双方协商约定的价格,买方购买,anizedexchanges期货是标准合约,ountsmustmaintained交纳保证金并维持在一固定水平dae_meng