Study On Risk Prevention Of Securities Margin Transcation

Margin transaction in the securities market is an important modern trading system,improving the market allocation of resources function and playing an indispensable role. In June 2006, China Securities Regulatory Commission (CSRC) issued the "Securities Margin Transcation Pilot Business Management" and "Securities Margin Internal Control Guidelines For the Pilot Business".The introduction of margin transaction is put on the agenda. Because Margin transaction contains a greater risk , China made strict Provisions in the various segments of Margin transaction ,and take the steps of "the first pilot, after pushing" in the securities industry.In this paper, by analyzing the margin trading and securities lending business in China to carry out the background and current situation, combined with China's specific legal environment, market environment and credit environment expounds the business in our country to carry out the positive significance; then introduced in China is about to launch a pilot during the The business model and the model with the United States and Japan, business model, risk management models Comparative analysis; followed by the theme of the article, mainly through qualitative analysis of trends and analysis and put forward China's securities companies Margin to carry out operations that may exist in internal control risk, industry risk, market risk, as well as the institutional risk, and risk analysis of the causes, the last of the securities companies should establish risk prevention system.