金融衍生品对商业银行信贷风险控制的影响研究  

Impacts of Financial Derivatives on Credit Risk Control of Commercial Banks

作　　者：胡阳[1] 李艺凡[2] 王欣然[2] 

机构地区：[1]天津商业大学商学院财务管理系 [2]天津商业大学商学院

出　　处：《金融论坛》2010年第2期49-54,共6页Finance Forum

基　　金：国家自然科学基金项目"基于战略的适应性企业控制系统研究"(批准号:70771048)的阶段性研究成果

摘　　要：近年来,许多中国企业从事金融衍生品交易受到重创并陷入财务困境,给相关银行带来巨大的信贷风险。本文从商业银行信贷风险控制的角度,首先探讨了企业利用金融衍生品进行套期保值的积极意义以及该业务一旦转化为投机给企业带来的巨大风险,发生这种转化的关键原因是其内部控制失效。商业银行不应对正常套期保值的企业"惜贷",但必须对涉及金融衍生品交易的企业贷款提高风险意识,一方面要严格监控贷款企业的相关内部控制机制,另一方面也要建立银行自身与衍生品交易企业贷款有关的内部控制机制,这一机制包括事前防范、事中监控和事后处理三个方面。In recent years, many Chinese enterprises were seriously hit by their financial derivatives trade and trapped by financial distress, which brought on huge credit risk for related commercial banks. From the perspective of credit risk control of commercial banks, the paper first introduces the positive significance of hedging with financial derivatives and great risks of speculation on financial derivatives faced by enterprises. The key reason resulting to the transformation from hedging to speculation is the failure of internal control. Commercial banks should not hesitate to lend to enterprise＇ clients that engage in normal hedging business, but raise the risk awareness against enterprise clients with derivatives trade. On the one hand, commercial banks need to closely monitor the internal control mechanisms in such clients. On the other hand, banks should establish their own internal control mechanisms to monitor the loans for those clients, which should include three links： precaution, process monitoring and post processing.

关 键 词：金融衍生品 信贷风险 套期保值 商业银行 内部控制 

分 类 号：F832.4[经济管理—金融学] F832.5