Risk Management Of Futures Companies

China needs a perfect, highly effective and international competitive futures market, because the futures market is the inevitable product of market economy and the international futures market has decided the prices of most large amounts commodity. Establishing such futures market needs various endeavors, one of which is controlling the risks. The futures company is a main body of the futures market. Moreover, the futures company's special intermediary status and the difficult survival present situation as well as the special risk characteristic have all decided its need of risk management. The futures company's risks pass through its entire life cycle, and the risks have mutual relations, therefore it should carry on the total risk management. The total risk management, at first, needs distinguish company's as far as possible many risks, therefore the thesis according the clue of the time of the risk's outbreak, the main body who has the concrete risk, the main body's way and produces and so on, has carried on the recognition and the classification to the futures company's risk, and has carried on the expression with a chart .The strict comprehensive risk management's cost is very high, therefore it should divide step realizes. At present, the main risks are the risks in its steady period of expansion. Brings the risk to the company the main body may be exterior main body also may be the internal main body. The futures company's risk events happened in these days were made by the futures company's internal control insufficient consummation, the customer's credit not good enough and the market disadvantageous change together. In line with the total risk management thought, it should synthesize consider these three aspects of the factor. Therefore this thesis, first, has analyzed the necessity of the futures company's risk management, from the aspects of the futures company's localization in futures market, survival situation at present, and so on , at the same time has carried on the limits to futures company's concept . Next, it in theoretically has discussed the futures company's risk particularity, and limits this thesis is standing in the futures company's standpoint, at the same time has carried on the recognition with the many kinds of risks identification mode...