如果人们寄希望黄金作为通胀风险的套期保值手段，那么这次金价的下跌意义不大：经济强劲的迹象将使金条价格上升，而不是下降。
This makes little sense if gold is supposed to act as a hedge against rising inflation: evidence of a stronger economy should make bullion rise, not fall.
过去人们对套期保值和市场流动性的信心减轻了市场风险，但这种信心现在遭到严重的破坏。
But confidence in hedges and market liquidity as a way of mitigating risk has been badly damaged.
作为进出口商，这里有一个最好的准则来帮你应对汇率相关的交易风险：尽可能避免跨币种交易是你最有效的保值方法。
One rule is good to remember when dealing with currency risks as an importer or exporter: avoid dealing across currencies when you can is your best hedge.
举例来讲﹐摩根·士丹利(Morgan Stanley)公布了套期保值之前和之后的商业抵押贷款风险敞口﹐而贝尔斯登、高盛和雷曼兄弟则没有。
For example, Morgan Stanley reports commercial-mortgage exposure before and after the effect of offsetting transactions, or hedges, while Bear, Goldman and Lehman don't.
针对传统套期保值的局限性，我们提出“套期保值控制风险、投机争取利润”的解决办法。
In view of limitations of traditional hedging we propose a solution of "controlling risk by hedging, striving for profit by speculation".
他不能控制高压市场，也不能控制资产不能快速保值和流动的情况下的风险。
It does not capture the effects of highly stressed markets, nor what would happen if assets could not be quickly hedged or liquidated.
使企业能够根据贡献率的大小应用这两种套期保值策略规避生产利润风险，稳定企业的收入。
The producer can apply two strategies according to the contribution rate to avoid the risks of the profit of production, and therefore could steady the profit of production.
大豆和豆粕期货市场为大豆及其制品企业提供了通过套期保值实现风险转移的途径。
Futures markets of soybean and soybean meal provide the approach of hedge to transfer risk for enterprises producing soybean and it's products.
利率期限结构的估计在金融研究中有着重要的地位，它是资产定价、金融产品设计、保值和风险管理的基准。
The estimation of interest rate of term structure has an important estate in financial research, for it is the benchmark for asset pricing, financial products design, hedging and risk management.
股指期货最主要的功能是套期保值、回避系统性风险。
The most central functions of stock index futures are to hedge and to avoid the systematic risk.
利率期限结构分析是资产定价、金融产品设计、保值和风险管理、套利等的基础。
Analysis of the term structure of interest rate is the basis of asset pricing, financial product design, hedging and risk management, arbitraging and so on.
作为一种理想的需求侧电价机制，通过结合与rtp相关的各类套期保值合同，RTP的价格波动风险可以在市场参与者之间合理分摊。
As an ideal demand side tariff mechanism, the price volatility risk of RTP can be rationally Shared among market participants by integrating various RTP-related hedge contracts.
指衍生工具持有者不能以合理的价格迅速地卖出或将该工具转手而导致损失的可能性，包括不能对头寸进行冲抵或套期保值的风险。
The risk that a hold of derivatives can not sell the underlying instrument by the reasonable price. It includes that the holder can not offset the long or short.
为了避免价格波动风险，有效的手段之一就是在期货市场进行套期保值交易。
To avoid price fluctuating risks, one of the effective methods is to carry out hedging trade in futures market.
假定投资者是绝对的风险厌恶者，其保值的目的是将风险最小化，由此得到最小方差下的套期保值比率。
Assume investors are absolute risk averter, and it is their aim to minimize its risk, and get hedge ratio under it.
只有成熟和有效的期货市场，才能起到分散风险、稳定现货市场、价格发现、套期保值等作用。
Constant spot market, price discovery and price risk hedging can only be achieved in mature and effective futures market.
期货市场的风险转移功能主要通过套期保值策略来实现，期货市场套期保值的关键问题是套期保值比率的确定。
The function of risk transfer in futures markets mainly implements by hedging, so the key issue of futures markets is the determination of hedge ratio.
利用期货市场套期保值策略，企业可以避免或减少现货价格波动的风险。
With the help of futures hedging, the business can avoid or minimize spot price risks.
为降低套期保值风险，加强套期保值效果，提出了组合套期保值方法，并建立组合套期保值策略模型。
For reducing the risk of hedge and enhancing the effect of hedge, we bring forward combination hedge. We establish the model of combination hedge.
采用套期保值可以大体抵消现货市场中价格波动的风险，但不能使风险完全消失。
Hedging can offset the risk of price fluctuation in cash markets in a great part but cannot erase the risk completely because there exists basis.
三是利用多种期货合约对一种现货进行套期保值分散了基差风险。
Thirdly, we use multiple futures to hedge single cash to disperse the basis risk.
构建一个最优动态汇率风险套期保值理论模型，并将其套期保值效率与静态策略进行实证对比。
Optimal dynamic hedging of exchange rate risk is modeled and the hedging effectiveness of the dynamic and static strategies is compared.
股票指数期货是一项用以对冲股票投资系统风险，对现货资产进行套期保值的衍生金融工具。
Stock Index Futures is a derivative financial facility for hedging the systemic risk of investment and the current assets.
企业参与期货的主要目的是通过在期货市场进行套期保值交易实现转移、规避价格风险。
The main reason that firms invest futures is to hedge price risk through hedging in futures markets.
与套期保值者转移价格风险、放弃风险收益的属性相对应，股指期货市场中的投机者就是承担价格风险和追逐风险收益。
Corresponding to hedgers' transferring price risk and abandoning risk earnings, the speculators in the stock index futures market shall intentionally take the risk from hedgers in pursuit of profit.
与套期保值者转移价格风险、放弃风险收益的属性相对应，股指期货市场中的投机者就是承担价格风险和追逐风险收益。
Corresponding to hedgers' transferring price risk and abandoning risk earnings, the speculators in the stock index futures market shall intentionally take the risk from hedgers in pursuit of profit.
应用推荐