金融衍生工具具有对冲和套期保值的特有功能,但也天生具有高杠杆性和高风险性,如果使用不当会给企业带来巨大的损失。从金融衍生工具发展历程来看,灾难性的金融衍生工具事件接二连三地在发生,如巴林银行倒闭、美国橘郡投资公司破产等。我国近年来也发生了国航、东航、中信泰富等套保损失案。本文试图从企业内部控制角度寻求套保损失的原因,并提出相关建议。 Financial derivatives have the unique function of hedging and hedging, but are also inherently highly leveraged and risky. If improperly used, they can cause huge losses to the enterprise. From the development history of financial derivatives, disastrous financial derivatives events occur one after another, such as the bankruptcy of Bahrain and the bankruptcy of U.S. Orange County investment companies. In recent years, China has also occurred in Air China, China Eastern, CITIC Pacific and other hedging losses. This article tries to seek the reason of hedging loss from the perspective of internal control and put forward some suggestions.