Analysis of improving enterprise risk management level by hedging（浅析以套期保值提升企业风险管理水平）.docVIP

Analysis of improving enterprise risk management level by hedging（浅析以套期保值提升企业风险管理水平）Analysis of improving enterprise risk management level by hedging[Abstract] this paper focuses on the implementation of the feasibility of hedging, hedging, hedging the essence and function of principles and methods, the use of hedging to enhance the risk management level of enterprise and other aspects.Key words: hedging, risk management, risk aversion, resource allocation, core competitivenessAs a new type of hedging transactions, with the basic functions of the enterprise effectively avoid risks, indicating that domestic and foreign enterprises practice, rational use of hedging, hedging and asset risk prevention science, can help enterprises avoid the international market price volatility risk, achieve steady development.I. the nature and function of hedging1, the nature of hedgingHedging refers to futures trading with the aim of avoiding the risk of spot price. Enterprises to carry out hedging, the futures market as the transfer price risk places, using futures contracts as a temporary substitute for the future sale of commodities in the spot market, the buy now but after the preparation of goods sold or in the future need to buy commodity price locked trading activities. In a word, the essence of hedging is hedging and risk transfer.From the accounting perspective, hedging can also be interpreted as: enterprises to avoid foreign exchange risk, interest rate risk, commodity price risk, stock price risk, credit risk, specify one or more hedging tools, the hedging instrument changes in fair value or cash flow, expected to offset the hedged item of all or part of the fair the value or changes in cash flow. Thus, the hedging is divided into three categories, namely, fair value hedging, cash flow hedging and overseas operating net investment hedging.(1) a fair value hedging is to determine the commitment to a recognized asset or liability or has not been confirmed, or the asset or lia