摘要
随着我国期货行业的发展,市场的风险规模在逐渐加大,现有的全员结算制为市场带来隐患。为了适应市场的发展,需要引进结算会员制来分散风险。但我国使用结算会员制却存在制度上的约束,交易编码制度直接限制了结算会员制的应用。通过研究发现交易编码制度通过适当修改完全可以适用于结算会员制。
With the development of China＇s futures industry, the scale of market risk is enlarged gradually, and the all-member clearing system becomes the hidden danger of the market. To adapt to market development, the futures industry is required to introduce the clearing member system to spread the risks. However, there are institutional introduced in our country, since the transaction constraints when the clearing member system is coding system directly limits the application of clearing membership. This study indicates that the transaction coding system can apply to clearing members through the revision of the system.
出处
《金融理论与实践》
北大核心
2007年第3期79-81,共3页
Financial Theory and Practice
基金
国家社会科学基金项目"供应链信用风险管理研究"(批准号:06BJY006)
河南大学人文社会科学重点研究项目"资本市场政策监管和信用建设的协调机制研究"(批准号:05ZDRW002)的资助
关键词
期货市场
结算会员
非结算会员
交易编码制度
futures market： clearing members
non-clearing members
transaction coding system
