作为金融自由化和金融创新的重要成果,衍生金融工具的出现对于促进全球经济发展、加强企业风险防范起到了重大的作用。然而,衍生金融工具是一把“金融时代的双刃剑”,它在推动国际金融市场发展的同时也带来了震动世界金融体系的危机和风波:1995年2月巴林银行的倒闭,1995年9月大和银行被兼并,1997年亚洲金融危机,2004年中航油几近破产等事件,无不表明衍生金融工具的广泛应用对世界各国的金融稳定和金融安全产生了重大影响。本文即针对衍生金融工具对金融安全形成巨大挑战的相关问题加以分析。 As an important achievement of financial liberalization and financial innovation, the emergence of derivative financial instruments has played a significant role in promoting global economic development and strengthening corporate risk prevention. However, derivative financial instruments are a “double-edged sword of the financial age,” which not only pushed the development of international financial markets, but also brought crises and turmoil that shook the world financial system: the bankruptcy of the Bahrain Bank in February 1995 and 1995 The merger of Daiwa Bank in September, the Asian financial crisis in 1997 and the nearly bankruptcy of CAO in 2004 all showed that the widespread application of derivative financial instruments has had a significant impact on the financial stability and financial security of all countries in the world. This article aims to analyze the problems related to the financial security of derivative financial instruments.