Xinjiang's first American option landing expands corporate exchange rate sheltering tools can be selected

Tianshan News (Reporter Wang Yongfei reported) The reporter learned from the Urumqi Center Sub -branch of the People's Bank of China: Recently, under the support and guidance of the Xinjiang Branch of the State Administration of Foreign Exchange, the CITIC Bank Urumqi Branch successfully handled the first American period for an export enterprise in Xinjiang, broadening the expansion, and broaden the broadenness, which has broaden the expansion and expanded it. Enterprise exchange rate shelter can choose tools, which is conducive to foreign trade enterprises better conduct exchange rate risk management.

The company mainly conducts agricultural and sideline food processing and export business with European countries. In the next month, it will collect a $ 180,000 of Spain from Spain. However, due to the uncertain time of receipt of foreign exchange, it is better to choose a settlement time for settlement within the contract period. It is better to be better. Ground locking exchange rate risk. According to the bank, the company chose the newly launched American options to fully meet the demand for risk aversion.

Options refer to a contract, which gives the holder the right to purchase or sell an asset at a fixed price at a fixed price at a specific date or before that day. Among them, the main advantage of American options is that they have more flexibility, allowing option holders to execute the purchase of the subjects (if it is viewing the options) or sale (if it is a decline in options) on the date of expiration or the date of expiration.

American options are in Xinjiang, thanks to the new exchange rate risk management policy of the State Administration of Foreign Exchange. On May 20 this year, the State Administration of Foreign Exchange issued relevant measures to promote the foreign exchange market to serve the real economy. Among them, it is clear that the banking industry has added a new RMB to foreign exchange ordinary American futures, Asian options and its combination products.

After receiving the notice, the Xinjiang Branch of the State Administration of Foreign Exchange responded quickly, organized banks to establish a "five lists", guided banks within their jurisdiction to carry out the launch and promotion of new products within their jurisdiction, and organize the needs of market entities. Foreign exchange designated banks actively dock with the product department of the head office, clarify the product structure, sort out the transaction process, and specify that the experienced product manager is responsible for specific business docking.

In the next step, the Xinjiang Branch of the State Administration of Foreign Exchange will solidly promote the exchanges risk management policy to accurately implement, encourage more eligible banks and one enterprise to provide enterprises with derivative transaction services, enhance the level of corporate exchange rate risk management, better support Xinjiang and foreign -related foreign -related involving foreign -related foreign -related involvement in foreign countries. Economy stable and healthy development.

- END -