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套期保值是指以规避现货价格风险为目的的期货交易行为。企业开展套期保值交易,是将期货市场当作转移价格风险的场所,利用期货合约作为将来在现货市场上买卖商品的临时替代物,对其现在买进但准备以后售出的商品或对将来需要买进的商品的价格进行“锁定”的交易活动。这是针对商品期货对套期保值的理解;就金融期货而盲,其运作方式本质上类似。总体而言,套期保值的本质在于“风险对冲”和“风险转移”。
Hedging refers to the futures trading behavior in order to avoid the spot price risk. Hedging is the place where futures markets are used to transfer price risk. Futures contracts are used as temporary substitutes for buying and selling commodities in the spot market in the future. For the commodities they buy now but are ready to be sold later or in the future Need to buy the price of the commodity “lock ” trading activities. This is an understanding of hedging for commodity futures; it is essentially the same for financial futures as blind. In general, the essence of hedging lies in “risk hedging” and “risk shifting”.