在FRM一级考试中，Hedging Using Futures Contract是其中内容之一。备考中的考生要对其内容有所了解。下文是小编为你介绍的相关内容，一起了解一下！
Short Hedges：
A short position in futures contracts；》》》2021年新版FRM一二级内部资料免费领取！【精华版】
Appropriate when the hedger already owns anasset and expects to sell it at some time in thefuture；
Long Hedges： ž
A long position in a futures contract；
Appropriate when a company knows it will have to purchase a certain asset in the future and wants to lock in a price now；
Arguments for hedging：
Reduce price risk；
Less uncertainty；
Arguments against hedging：》》》融跃教育618抢先购——千元礼包1元购
less profitability；
shareholders can easily hedge risk；
nature of the hedging company’s industry；
Basis Concept：
Basis=SP-FP；
Basis =0 at maturity；
spot price increases faster(slower) than the futures price over the hedging horizon, basis increases(decreases)；
Problems give rise to basis risk：【资料下载】点击下载FRM二级思维导图PDF版
The asset whose price is to be hedged may not be exactly the same as the asset underlying the futures contract；
There may be uncertainty as to the exact date when the asset will be bought or sold；
The hedge may require the futures contract to be closed out before its delivery month；
FRM考试的内容就分享这么多，学员如果还有更多的内容想要学习，可以在线咨询老师或者添加老师微信（rongyuejiaoyu）。
