利率期货在商业银行经营管理中的应用研究

在国外的银行业，利率期货是防范利率风险的常用手段。在我国，随着利率市场化的推进。防范利率风险对于银行的经营和国家的金融稳定显得越来越重要，而传统的资产负债管理在利率市场化条件下存在很大的局限，利用利率期货的套期保值可以弥补传统资产负债管理在化解利率风险方面的不足。我国应该根据条件成熟程度，逐步推出各类金融衍生品，从而建立起一个完整的金融衍生品市场体系，为商业银行提供金融衍生品开发与交易的基础工具。

An Application Study of Interest Rate Futures in Commercial Bank Operation and Management

Interest rate futures is a commonly used means for prevention against interest rate risk in foreign banking industry. Prevention against interest rate risk in China with the promotion of market-oriented interest rate has become more and more important for the banking operation and national finance stability. However, there is a great limitation in traditional assets-liability management under the condition of market-oriented interest rate. It＇ s likely, by using hedge of interest rate futures, to cover the shortage of traditional assets-liability management in eliminating interest rate risk. China should present gradually to public financial derivatives in accordance with the conditions so as to establish a complete system of financial derivatives offering the commercial banks with basic tool for developing and exchanging financial derivatives.