本文選題：結(jié)構(gòu)性理財產(chǎn)品 + 市場風(fēng)險管理��； 參考：《安徽大學(xué)》2012年碩士論文

【摘要】：結(jié)構(gòu)性理財產(chǎn)品作為一種個人理財產(chǎn)品,最早產(chǎn)生于美國。隨著國內(nèi)銀行對利潤的追求以及投資者對高收益理財產(chǎn)品的需求,結(jié)構(gòu)性理財在國內(nèi)理財市場興起并迅速發(fā)展。結(jié)構(gòu)性理財產(chǎn)品是固定收益與衍生品的結(jié)合,投資于固定證券部分的資金為投資本金提供了保障；另一方面,衍生品部分的高杠桿性又使賺得高收益成為可能。2007年證券牛市也讓結(jié)構(gòu)性理財產(chǎn)品熠熠生輝。因此,不論是投資者還是銀行都將結(jié)構(gòu)性理財產(chǎn)品看成了高收益,低風(fēng)險的理性產(chǎn)品,對其期望頗高。在這種情況下,銀行的風(fēng)險管理意識淡薄。投資者對疏于關(guān)注產(chǎn)品的風(fēng)險。但是,2008年的金融危機讓許多結(jié)構(gòu)性理財產(chǎn)品收益為零甚至為負(fù),結(jié)構(gòu)性理財產(chǎn)品的發(fā)行急劇下降,直至至今,還未完全走出市場的冷清期。在這次“產(chǎn)品危機”中,人們也意識到結(jié)構(gòu)性理財產(chǎn)品的高風(fēng)險性,并開始重視產(chǎn)品的風(fēng)險管理。結(jié)構(gòu)性理財產(chǎn)品面臨多種風(fēng)險,而市場風(fēng)險是最大的風(fēng)險,本文對其市場風(fēng)險管理進(jìn)行研究是很有必要的。 本文從結(jié)構(gòu)性理財產(chǎn)品概念、特征以及市場風(fēng)險管理的概述出發(fā),對結(jié)構(gòu)性理財產(chǎn)品的市場風(fēng)險管理進(jìn)行了系統(tǒng)的闡述。包括市場風(fēng)險的識別、度量以及控制,并對加強市場風(fēng)險管理提出了政策建議。文章的重點在市場風(fēng)險度量部分。風(fēng)險度量是我國風(fēng)險管理的弱點,也是對專業(yè)以及技術(shù)都要求比較強的操作,本文擬通過對風(fēng)險度量工具的全面介紹以及運用先進(jìn)的風(fēng)險度量工具VAR對中國銀行推出的匯率掛鉤型理財產(chǎn)品進(jìn)行實例分析,能為銀行管理結(jié)構(gòu)性理財產(chǎn)品的市場風(fēng)險管理以及投資者對市場風(fēng)險的分析起到一定的借鑒作用。
[Abstract]:As a kind of personal financial products, structured financial products originated in the United States. With the pursuit of profits by domestic banks and the demand of investors for high-yield financial products, structural finance has risen and developed rapidly in the domestic financial market. Structured wealth management products are a combination of fixed income and derivatives, and the funds invested in fixed securities provide a guarantee for the principal; on the other hand, The high level of leverage in the derivatives sector has also made it possible to make high returns. The 2007 bull market in securities has also made structured wealth management products shine. As a result, both investors and banks view structured wealth management products as high-yielding, low-risk rational products with high expectations. In this case, the bank's risk management awareness is weak. Investors are concerned about the risk of neglecting the product. However, the financial crisis in 2008 has left many structured wealth management products with zero or even negative returns, and the issuance of structured financial products has fallen sharply, until now, not yet fully out of the market cool-down period. In this "product crisis", people also realize the high risk of structured financial products, and begin to attach importance to product risk management. Structural financial products face many kinds of risks, and market risk is the biggest risk. It is necessary to study the market risk management in this paper. Based on the concept and characteristics of structured financial products and an overview of market risk management, this paper systematically expounds the market risk management of structured financial products. It includes the identification, measurement and control of market risk, and puts forward some policy suggestions to strengthen the management of market risk. The focus of the article is the market risk measurement part. Risk measurement is the weakness of risk management in our country, and it is also an operation that requires strong professional and technical requirements. Through the comprehensive introduction of risk measurement tools and the use of VAR, an advanced risk measurement tool, this paper analyzes the exchange rate pegged financial products developed by Bank of China. It can be used as a reference for banks to manage the market risk of structured financial products and investors to analyze the market risk.
【學(xué)位授予單位】：安徽大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F832.48;F224

【引證文獻(xiàn)】

相關(guān)期刊論文 前2條

1 陳思亮;彭龍;林金桐;;股權(quán)類結(jié)構(gòu)化產(chǎn)品的市場風(fēng)險管理流程和方法探析[J];生產(chǎn)力研究;2015年10期

2 方先明;余丁洋;楊波;;商業(yè)銀行理財產(chǎn)品:規(guī)模、結(jié)構(gòu)及其收益的不確定性[J];經(jīng)濟(jì)問題;2015年06期

相關(guān)碩士學(xué)位論文 前10條

1 姜艷;中國農(nóng)業(yè)銀行“金鑰匙·如意組合”理財產(chǎn)品風(fēng)險與定價分析[D];山東農(nóng)業(yè)大學(xué);2017年

2 韓雪;A銀行個人理財業(yè)務(wù)風(fēng)險管理對策研究[D];黑龍江大學(xué);2016年

3 孫香頤;我國商業(yè)銀行結(jié)構(gòu)性理財產(chǎn)品市場風(fēng)險管理研究[D];云南財經(jīng)大學(xué);2016年

4 吳婷婷;商業(yè)銀行結(jié)構(gòu)性理財產(chǎn)品的市場風(fēng)險研究[D];湖南大學(xué);2016年

5 孫志平;顧客感知風(fēng)險對結(jié)構(gòu)性理財產(chǎn)品購買意愿的影響研究[D];武漢理工大學(xué);2015年

6 李月;中國商業(yè)銀行結(jié)構(gòu)化理財產(chǎn)品風(fēng)險研究[D];內(nèi)蒙古大學(xué);2015年

7 孔令群;銀行理財定價偏離現(xiàn)象分析及對策研究[D];中國海洋大學(xué);2014年

8 安亦陽;我國商業(yè)銀行結(jié)構(gòu)型理財產(chǎn)品風(fēng)險研究[D];吉林大學(xué);2014年

9 吳龍娟;掛鉤黃金結(jié)構(gòu)性理財產(chǎn)品的風(fēng)險評估[D];華中科技大學(xué);2014年

10 李婭;我國商業(yè)銀行結(jié)構(gòu)性理財產(chǎn)品的風(fēng)險測度與實證檢驗[D];復(fù)旦大學(xué);2014年

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本文編號：2021510