دراسة تحليلية لأدوات التغطية ضد مخاطر السوق : مشتقات أسعار الفائدة أنموذجا

Abstract EN

The research aims to conduct an analytical study of the markets for interest rate derivatives from inside and outside the stock exchange, also to identify the nature of the financial instruments that are hedged against market risks, especially the risks of fluctuations in interest rates, as the analysis process was carried out according to : the type of financial instruments, the financial markets on trade, the type of currencies used, the intervening parties, and finally the contracts maturity dates, relying on the descriptive analytical approach.

based on the data, statistics and reports provided by the bank for international settlements related to financial derivative contracts traded in various regions of the world during the period, from 2019 to September 2021.

the study has reached a number of conclusions, among the most important of them is that the parties involved in the financial derivatives market, including traders, financial institutions, and agents use more future contracts and swap contracts on interest rates as tools to hedge against the risks of interest rate fluctuations in the short and medium term.

on the other side, there is another group who is ready to bear this state risk and speculate.

in addition, the study has concluded that the markets of North America, the European Union and the Euro, dollar currencies dominate the derivative contracts, the interest rates traded inside and outside the future contracts and options exchange.