Development Of Commercial Banks Foreign Exchange Derivatives Business Path

Since the 1970"s the financial derivatives is developing quickly, especially the future right, futures, swap etc., they have far-reaching influence on banks. In China, banks look the development of foreign-exchange derivatives as their principle tactics. There are so many opportunities and obstructions.In recent years, with the reform of mechanism of exchange rate in China, market of foreign exchange derivatives appeared, now it became more and more maturity. With the depending -level of foreign trade of China, risks of exchange rate,interest rate are increasing, requirements of foreign exchange derivatives arised quickly.But at the same time, there are obstrutions for commercial bank in Chine to develop foreign exchange derivatives business: low standard of risk management, lack of qualified personnel, in ferior consciousness of guard against risks etc..Commercial bank should utilize opportunities and avoid obstructions to keep the development of foreign exchange derivatives business successfully.