risk-free instrument

Now for either inter-bank market or exchange market, there are few of efficient instrument available to hedge off the systematic interest rate risk.

目前无论是银行间市场还是交易所市场，在目前都缺乏有效的回避系统利率风险的工具。

As one of the derivative securities, the option takes an important position in financial market. For decades, it has been developing rapidly as an instrument for arbitrage and risk prevention.

期权作为衍生证券的一种在金融活动中扮演着十分重要的角色，几十年来它作为一种防范风险和投机套利的有效手段而得到迅猛发展。

However, the unique characteristics of derivative financial instruments also make them become a financial instrument with high risk.

然而，衍生工具的种种特性又必然使其成为一种高风险的金融工具。

Since 1982 when it was first introduced in KCBT, the stock-index futures, as a mature risk control instrument in international capital market, has rapidly developed in the whole world.

股票指数期货是国际资本市场成熟的风险管理工具，自1982年美国堪萨斯期货交易所（KCBT）首先推出以来，在全球得到迅猛发展。

As a multi-purpose instrument, internal fund transferring price is closely related with price target, market risk management target and profit target of commercial banks. There are various pricing approaches.

内部资金转移价格在商业银行中的作用是多重的，与商业银行的定价目标、市场风险管理目标以及收益目标息息相关，内部资金转移定价的方法也有很多。

It is often used to quantify the risk of the instrument over that time period.

它经常被用来量化金融工具在一定时间内的风险。

As it were, financial derivative instrument also contained huge risk meanwhile it can spread risk and reduce the cost of capital.

可以说，衍生金融工具在分散风险、降低资金成本、提高经济效益的同时，其本身也蕴含着巨大的风险。

Based on the rectifying improvement engineering of a three floor dormitory building in Xinfeng precision instrument factory, this article shows that rectifying construction is safe as long as some reasonable measures of construction are adopted, although it is an engineering with high risk.

本文通过对东莞新丰精仪厂三层宿舍楼纠偏加固工程的施工叙述，说明纠偏加固虽然属高风险工程，但只要有合理的施工措施，纠偏施工是安全的。

A Study on Localization Problem of Risk Allocation System in Instrument Forgery

票据伪造风险分担制度的本土化问题研究

Dynamic hedging as a risk control instrument is widely used fund portfolio management.

作为一种风险管理的工具，动态套期保值在国外广泛应用于投资基金的组合管理中。