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衍生金融工具(Derivation Financial Instru-ments)又称派生金融工具。它是根据股价、利率、汇率等未来行情趋势,采用支付少量保证金或权利金签订跨期合同或互换不同金融工具等交易形式的新兴金融工具。衍生金融工具是在20世纪70年代布雷顿森林体系瓦解、国际金融市场变化日趋动荡,利率、汇率以及股票的价格等金融资产的价格剧烈波动的背景下,为了适应投资者规避和分散风险的需要而设计产生的。衍生金融工具从其产生之日起,就成为投资者进行风险管理的有力工具,因为
Derivation Financial Instruments (Derivation Financial Instrumental), also known as derivative financial instruments. It is based on future market prices such as stock prices, interest rates, exchange rates and other trends, the use of a small amount of deposits or premiums paid to sign inter-term contracts or exchange of different financial instruments and other forms of emerging financial instruments. In the context of the collapse of the Bretton Woods system in the 1970s, the increasingly turbulent changes in the international financial markets, and the drastic fluctuations in the prices of financial assets such as interest rates, exchange rates and stock prices, in order to meet the needs of investors in avoiding and diversifying risks, The design generated. Derivative financial instruments have become a powerful tool for investors in risk management since the date of their creation