FAİZ ORANI ÜZERİNE VADELİ İŞLEM SÖZLEŞMELERİNİN RİSKTEN KORUNMAK AMACIYLA KULLANIMI

Authors : Mustafa Kemal Yilmaz

Pages : 125-134

Doi:10.14783/maruoneri.735499

View : 20 | Download : 10

Publication Date : 2001-01-15

Article Type : Research

Abstract :One of the most successful and exciting innovations in the history of the futures markets has been the emergence of interest rate futures contracts. Today, the interest rate futures market has come to represent about one-half of the entire futures market. The reason behind this success is the fact that the individual, the businessperson and the banker, by using interest rate futures instruments, alone or in combination, each has the ability to control and hedge their interest rate risk and seek opportunity by restructuring the portfolio in the cash market. İn this study, the hedging with interest rate futures, especially by using short-term interest rate futures contracts, has been analyzed. It is also pointed out that Turkey, with a huge level of public borrowing, high level of secondary market trading volüme in the Biliş and Bonds Market and volatile interest rate structure, urgently needs this money market instrument, as the potential practical use of interest rate futures contracts for hedging purposes will offer a new alternative to improve the performance of the market participants in the financial market. I.
Keywords : faiz oranı, vadeli işlem