Interest rate hedging as a company's interest rate risk management tool
Leshchenko D.V.1
, Repnikova V.M.1
1 Российский экономический университет им. Г.В. Плеханова
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Journal paper
Journal of Economics, Entrepreneurship and Law (РИНЦ, ВАК)
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Volume 15, Number 2 (February 2025)
Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=80480035
Abstract:
Against the background of unstable financial markets and unfavorable trends in the dynamics of the key rate of the Bank of Russia, companies are faced with the need to protect their assets and liabilities. The top management of companies is faced with the question of methods of reducing the interest rate risk. Currently, there are a number of tools that can offset this type of risk, ranging from the need for floating rate loans to insurance. Each company considers the best option for itself based on three types of interest rate scenarios: optimistic, moderate and pessimistic. Outside of any of the above scenarios, the toolkit of financial derivatives provides the greatest flexibility in planning and building a company's business strategy.
The article considers interest rate hedging as an effective risk management tool. The authors analyze the current situation in the market of interest rate financial derivatives and identify the main trends in the Russian market. The main advantages of using interest rate derivatives in the company's operations are considered.
The purpose of the article was to study the phenomenon of interest rate hedging within the framework of risk management.
Keywords: derivative, financial derivative, Central Bank key rate, hedging, risk management
JEL-classification: G20, G30, G32
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