Research On Futures Hedging Risk Control Of F Company

At present,the macro external environment of world economic development is in an unstable state,and the new crown variant has once again triggered an international economic and trade blockade and restrained global aggregate demand;The expectation of tightening monetary policy of the Federal Reserve has increased,geopolitical risks have triggered turmoil in global financial markets and become the main external risk,and the prices of international commodity markets have shown an upward trend as a whole.At the national level,in order to further encourage the innovation of the futures market and serve the real economy,the Shanghai Futures Exchange launched the pilot project of over-the-counter financial derivatives of industrial products in 20 years,supported the cooperation between enterprises and futures companies,and provided risk management solutions for enterprises by using over-the-counter futures options and other financial derivatives.As a manufacturing enterprise,F company’s pulp price affects the purchase cost of raw materials in the process of production and operation.When China’s pulp futures are listed and traded,the company uses the futures market to carry out hedging activities to hedge the risks caused by price fluctuations in the spot market.The risk control of hedging activities is very important for the company.Taking F company as an example,this paper studies the problems of hedging risk management and control of F company by using various methods such as data access,questionnaire survey,case analysis,analytic hierarchy process and fuzzy comprehensive evaluation.It is found that F company has some problems,such as insufficient risk identification,evaluation and response,inadequate use and supervision of funds,non-standard decision-making,inadequate judgment of market situation and so on,By sorting out the hedging risk control experience of F company and combining with the typical hedging risk case study,this paper puts forward targeted solutions such as building a risk identification,evaluation and response system,improving the organizational structure and supervision mechanism,developing human resources,improving the degree of specialization,strengthening market research and judgment,and improving the accuracy of decision-making.The optimization countermeasures correspond to the five elements of the enterprise risk management framework COSO,Make the hedging risk control of company f systematically perfect in risk control target setting,risk governance and culture,performance,information communication and improvement.The proposal of countermeasures is not only to solve the problems exposed by company F,but also to build a complete hedging risk management and control system for company F.The Research on futures hedging risk management and control of company F not only solves the current problems,but also puts forward countermeasures to build a prevention and control system to deal with potential risks in the future.