Research On The Market Risk Management Of The Internet Financial Platform Of Oil Storage Card

With the market-oriented reform of refined oil price and the increase of international crude oil price volatility,the risk of oil companies and consumers of refined oil is also increasing.How to promote the marketization of refined oil prices and protect the interests of enterprises and consumers become the focus of the market and academia.In recent years,the rapid development of Internet finance,relying on the Internet financial platform based business model began to be widely applied to various fields.Oil card Internet financial services platform is an important practice of Internet financial innovation tools in the field of energy.With the help of the Internet,the oil companies will be able to maintain the original advantages of the fuel card and improve the service level of the fuel card.Storage card Internet financial services platform as a new business model has attracted attention from business and academia,but the research is still in the exploratory stage,the research on the risk business model needs to be strengthened.Based on the characteristics of the business model of the oil storage card Internet financial service platform,this paper analyzes the risks of the commercial model of the oil storage card Internet financial service platform,including the market risk,the liquidity Risk,legal compliance risk and operational risk,and pointed out that the market risk is the main risk facing the platform.In order to quantify the market risk faced by the platform,VaR is chosen as the index of risk quantification,and the VaR values calculated by historical simulation method,mean variance method,Monte Carlo simulation method and CornishFisher sub-point extension method are compared.Finally,the VaR value calculated by the Cornish-Fisher sub-location extension method is chosen as the measure of the market risk of the oil storage card service platform.Aiming at the market price risk,a hedge model based on VaR minimum is proposed and verified by an example.The results show that the model of non-normal distribution VaR hedging is good,which can effectively avoid the risk of oil price fluctuation and provide an effective method for the hedging of oil storage card Internet financial service platform,has a positive effect on the stability of the oil market.