Research On Risk Management Mode Of "Basic Trade + OTC Options"

The current process of economic globalization is accelerating,and the production and operation of Chinese coke enterprises are affected by various international factors such as the tight international trade environment,the slowdown of domestic economic growth and the severe industrial operation,and the strong fluctuation trend of coke prices.As a result,the price risk of the enterprise in the production and operation process is relatively large,and it is urgent to manage the risk.However,the use of financial derivatives such as futures and options for risk management is risk aversion,improving the production and operation environment,and improving the enterprise.The effective way and inevitable choice of value.The main content of this paper is how to use the “base difference trade + OTC option” model to effectively avoid commodity price risk and achieve stable operation in a complex international environment and economic situation.This paper takes H coke enterprises as an example,through the study of hedging theory,combined with the operation status of H coke enterprises and the existing risks in the production and operation process,comprehensive analysis of H coke enterprises using the "basic trade + OTC options" mode management The process of risk.Finally,in view of the main obstacles in the promotion process of “basic trade + OTC option” mode,suggestions and solutions are proposed from three levels: enterprise itself,futures service organization and market environment.Through case analysis,we will guide relevant enterprises to scientifically and effectively combine spot,futures and over-the-counter trading options,adopt a more optimized hedging model,effectively avoid,transfer or disperse the risk of price fluctuations in the spot market,realize stable operation of enterprises,and guide various industries.Enterprises continue to explore new safe-haven models to promote the healthy development of various industries.Finally,guide companies to use more comprehensive,more level,and higher value risk management and management methods to hedge the risk exposure in the production process and provide a reference.