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航运企业业务的特殊性决定了其财务风险特别是利率风险和汇率风险影响较大,由于受国内资本市场和行业财务管理水平的影响,航运企业财务风险管理水平较低。本文从分析航运企业长期资产负债率出发,论述了航运企业进行利率风险管理和汇率风险管理的必要性。由于受国内资本市场和行业财务管理水平的影响,航运企业财务风险管理水平较低。特别是针对利率风险和汇率风险的管理手段有限。利率互换作为一种财务风险管理手段,近年来取得飞速发展,其自身的特点决定了其符合航运企业财务风险管理要求。本文以举例方式指出了航运企业进行利率互换交易需解决的问题和操作流程。
The particularity of the shipping company’s business determines that its financial risk, especially the interest rate risk and the exchange rate risk, is greatly affected. Due to the influence of the domestic capital market and the financial management level of the industry, the shipping enterprises have a relatively low level of financial risk management. Based on the analysis of long-term asset-liability ratio of shipping companies, this paper discusses the necessity of shipping companies to manage interest rate risk and exchange rate risk. Due to the influence of the domestic capital market and the financial management level of the industry, the financial risk management of shipping enterprises is low. In particular, there are limited management tools for interest rate risk and exchange rate risk. As a financial risk management tool, interest rate swap has achieved rapid development in recent years, and its own characteristics have determined that it meets the requirements of the financial risk management of shipping enterprises. This article points out the problems and operational procedures that need to be solved for the interest-rate swap transactions of shipping enterprises by way of example.