国际利率期权市场发展及对我国的借鉴  

Development of Global Interest Rate Options Market and Its Implications for China

作　　者：陈健恒 东旭 牛佳敏 

机构地区：[1]中国国际金融股份有限公司

出　　处：《中国货币市场》2020年第6期29-34,共6页China Money

摘　　要：文章梳理了国际利率期权市场的常见品种和发展历程,指出我国利率衍生品市场,尤其是期权类品种,将迎来发展提速期。而成熟的利率期权市场建设离不开活跃的标的资产、丰富的投资者结构、完善便利的交易及清算结算机制建设和有效配套的监管体系。文章进一步提出了我国利率期权市场建设的几点建议。The article combs through the development process of the international interest rate options market and the common varieties traded on it,and points out that China's interest rate derivatives market,the options market in particular,will usher in a period of accelerated development.The construction of a mature interest rate options market is inseparable from active underlying assets,diversified investors,a perfect and convenient mechanism for trading,clearing and settlement,as well as an effective regulatory system.The article then puts forward some suggestions on the construction of China's interest rate options market.

关 键 词：投资者结构 利率期权 标的资产 利率衍生品 结算机制 监管体系 发展历程 清算 

分 类 号：F831.5[经济管理—金融学]