The Research Of Formation And Prevention Of Our Country’s Interest Rate Deirvatives

Interest rate derivatives is an important part of financial derivatives and is the productof financial deepening and financial innovation. Interest rate derivatives provides theeconomic subject with a new approach to avoid the interest rate risk and improves theefficiency of funds. Along with our country’s the marketization of interest rates, the marketfaces the gradually improving interest rate risk. Whether economic entity or capital marketare facing strong risk management needs, and the needs provide power for launch ofinterest rate derivatives.From the interest rate derivatives basic concept, the paper first studies the risk ofinterest rate derivatives and their properties. Then this paper analysis the formationmechanism of the risk of interest rate derivatives, including the environment of interest ratederivatives risk, the formation process of the risk of interest rate derivatives and the path ofthe conduction. On this basis, combined with our country’s actual situation to analysis thestatus of our interest rate derivatives market’s risk and risk management. And the purposeis to pose some targeted preventive measures which suitable for our country’s interest ratederivatives market.Interest rate derivatives development is a gradual process. Our country’s interest ratederivatives market is now in the initial period development. Compared with the developedcountries abroad, all kinds of trading system and regulatory measures are still not perfected,and the market risk is higher. So we need to strengthen the interest rate derivatives marketfundamental system construction, and constantly improve the interest rate derivativesregulation measures, raise the risk management and supervision level, so as to promote ourcountry’s interest rate derivatives market development and perfect.