随着国际外汇市场不断的风云变幻中国企业对外汇风险的防范意识不断加强,其已不仅仅关注于日常贸易收付汇上的汇兑损益,也对长期外汇债务的风险越来越重视。而作为金融衍生品家族中的掉期交易,也渐渐地被中国企业所运用。我们以S公司一笔外汇债务掉期交易为例,分析掉期交易在企业外汇债务中的保值作用。 As the international foreign exchange market keeps changing, Chinese enterprises are constantly increasing their awareness of foreign exchange risks. They have not only focused on the exchange gains and losses on daily trade receipts and payments, but also paid more and more attention to the risks of long-term foreign exchange debt. Swap transactions in the family of financial derivatives have also gradually been applied by Chinese companies. We use a company S foreign exchange debt swaps as an example to analyze the role of swaps in value protection in corporate foreign exchange debt.