PTA 期货套期保值快速入门.pdfVIP

郑州商品交易所PTA期货系列宣传材料之六 郑州商品交易所PTA期货系列宣传材料之六 郑郑州州商商品品交交易易所所PPTTAA期期货货系系列列宣宣传传材材料料之之六六 PTA期货套期保值 快速入门 2006年10月 1 目 录 前言3 前言3 前前言言33 一、套期保值综述4 一、套期保值综述4 一一、、套套期期保保值值综综述述44 （一）聚酯行业风险4 （二）套期保值工具4 （三）PTA与其他产品的相关性5 （四）企业领导需要如何认识期货？6 （五）企业套期保值操作人员需要知道什么？7 二、卖期保值8 二、卖期保值8 二二、、卖卖期期保保值值88 （一）卖期保值分析8 （二）实物交割13 三、买期保值14 三、买期保值14 三三、、买买期期保保值值1144 （一）买期保值分析14 （二）实物交割18 四、不同企业如何套期保值19 四、不同企业如何套期保值19 四四、、不不同同企企业业如如何何套套期期保保值值1199 （一）PTA生产厂的套期保值19 （二）化纤厂的套期保值20 （三）聚酯切片厂的套期保值20 （四）贸易商的套期保值21 （五）瓶片厂的套期保值21 （六）再生短纤厂的套期保值22 五、套期保值注意问题22 五、套期保值注意问题22 五五、、套套期期保保值值注注意意问问题题2222 （一）套期保值误区22 （二）需要注意的问题23 六、企业套期保值的内控管理29 六、企业套期保值的内控管理29 六六、、企企业业套套期期保保值值的的内内控控管管理理2299 （一）套期保值交易程序29 （二）监督管理30 附件1：郑州商品交易所套期保值管理办法······························································32 附件2：外企套期保值实证 ····························································································35 附件3：期货定价功能·······································································································40 附件4：套期保值实证·······································································································42 附件5：期货价格发现功能······························································································44 附件6：PTA与其他产品相关性图示·············································································45 后 记·········································································································································49 1 前 言 前 言 前前 言言 现货价格有波动，企业经营就会有风险；有风险，企业在生产、经营或贸易中，就要对 风险进行管理。企业的经营模式决定企业在