The Application Research Of Financial Derivatives In Enterprise Financial Management

In the era of highly developed financial markets, the traditional financial instruments have already can’t meet the demand of changing of enterprise financial management. In the face’of commodity market price volatility, interest rate risk is growing, our country enterprise:managers to improve the importance of financial risk management, derivative financial product in., the role of enterprise financial risk management also gradually highlights. Financial market environment determines the modern financial management needs to be active and fully use derivative financial tool to realize the optimization of financial management. Development of derivative financial products in the international market is based on the developed forwards, futures market, and domestic forwards market is relatively undeveloped, enterprises use derivative financial instruments in financial management mainly through commercial Banks fixed or customized derivatives. So in the use of derivative financial products of commercial bank under the national macro-control power enterprise financial management is of great significance.On the basis of the existing derivative financial theory research and literature.paper introduces the concept of derivative financial instruments, characteristics and function, put forward derivative financial instruments can improve enterprise core competitive ability, implementation risk and opportunity, the costs and benefits optimization point of view. Paper based on actual case analysis research method in the study summed up the present condition of derivatives market, the enterprise financial management of derivative financial tools how to application and plays an important role, particularly analyzes-the derivatives of composite applications, reach the role of enterprise risk, the value, is one of the biggest innovations. For enterprise application in our country financial derivatives of the sample is presented in this paper, the effect of in real sample analysis was studied under the condition of China’s financial markets, the financial system is still not enough perfect, financial market environment for financial innovation in the enterprise financial management, market price restrict enterprises to participate in derivative financial market operation value. From the empirical conclusion, for domestic enterprises in China on the application of derivative financial tools do not meet international confirmed by can improve the effect of enterprise value. But despite China’s derivatives market is still relatively small, relatively single derivatives, lower trading liquidity, domestic enterprises are gradually involved in the use of derivative financial products, in order to realize the exchange rate risk management and hedging of interest rate risk management, asset appreciation and flexible financing demand, derivative financial instruments in the application of enterprise financial management potential is enormous.Paper in combination with the practical situation of China’s financial markets, the theory of derivative financial products of commercial bank in domestic enterprise’s financial risk management, in order to integrate theory with practice, summarizes the existing varieties of derivatives trading and trading structure, according to the results of the case of commercial Banks derivatives in the financial risk of the enterprise management, the application of a systematic suggestion are put forward. Including changing concept of enterprise financial management expands the application range of derivative financial products; improve enterprise financial risk management personnel quality, fully aware of the two sides increase of derivative financial tools enterprise risk consciousness, establishing the enterprise internal financial derivatives operation management system and perfect the enterprise external environment to participate in derivatives market.Through the paper research and analysis, we conclude that China’s enterprises should further perfect the financial derivatives in the application of enterprise financial management. Our country should draw lessons from international experience, on the one hand, optimize the system of enterprise internal management, this financial platform, promoting use of commercial Banks in the financial management to improve efficiency and the value of the derivative financial instruments; In the interest rate marketization, gradually, on the other hand, the RMB gradually towards a freely convertible currency, on the basis of domestic regulators should comprehensively promote the development of financial spot market, optimize the structure of financial markets and promote the development of China’s derivatives market.