准确把握套期保值的三种操纵方法(转)(国外英文资料).docVIP

正确掌握套期保值的三种操作方法(转)(国外英文资料)The three ways of handling hedging correctly (turn)First, basic hedging practices. So-called basic hedging method, that is, both the buyer and the seller, you just need to follow the empty spot and futures, the principle of or empty spot, futures, engaged in the opposite direction and the number of hedging operations. Futures bulls are called safe havens, and futures bears are known as safe havens.????? Lets say on the 1st of September, an importer is going to buy 8,900 tons of corn in February. According to multiple sellers, the importer found that the base was at an all-time high, so decided to wait rather than immediately sign the CNF spot contract. Instead, he bought a three-month futures contract and waited for a weaker base. In mid-october, February delivery basis for march futures has fallen to its advantageous level, importers immediately selected has price advantage of the supplier to buy spot corn contract. At the same time, they sold the corresponding amount of corn futures contracts in the futures market at that time, and liquidated their futures positions. In the process, the importer has used historical base data to correctly participate in futures trading, thus locking in the price level of the purchase of corn.????? Second, futures transfer (EFP) hedging practices. A futures swap, also known as a base deal, or a price deal. Turn futures, spot transactions refers to contract between the seller and the buyer, sometime in the future, the two sides agreed to closing price of a futures market varieties related to add and subtract the basis of value, as the strike price and complete the cash transfer deal.????? On the basis of trading, in order to prevent the risk of price fluctuations, buyers and sellers will usually enter futures markets to establish a long and short positions, near the performance day, generally spot price by the seller, turn through period now, both long and short positions, hedge futures ended their hedging t