1、HSBCPresentation to Asia-Pacific Finance and Development Center本次演讲为亚太财经与发展中心准备Market Risk Management in HSBC Global Markets汇丰银行全球市场风险管理2005年 12月 21日1HSBCHSBC Group Policy on Market Risk汇丰集团应对市场风险的政策All market risk to be brought into Treasury (Global Markets)所有的市场风险都可以转化成财富（全球市场）2HSBC Globally: Asia
2、 Pacific, Europe and the Middle East, the Americans etc.全球范围内：亚太区，欧洲区，中东区和美洲区等 Asia Pacific: Hong Kong Head Office with more than twenty treasury sites (China, India, Japan, Singapore, Taiwan etc. 亚太区：总部位于香港并有 20多个分支机构（中国，印度，日本，新加坡，台湾等） Functional/product line reporting approach功能 /产品线报告手段Set up of
3、Global Markets建立全球市场3HSBCGlobal Markets Structure全球市场结构4HSBC Trading, Sales & Balance Sheet Management - front office functions交易，销售及报表管理前台功能 Compliance, Credit Risk Management, Finance, Legal, Market Risk Management, Systems, Tax and Treasury Services - control functions 制定规章，信用风险管理，财务，法律，市场风险管理，系统
4、，税收和内部财政服务控制功能Various departments in Global Markets在全球市场中的不同部门5HSBCBasic job description基本工作简述 front office functions前台功能 Trading - customer transactions & position taking交易客户交易及持有仓位 Sales - execution of customer transactions销售执行客户的交易命令 Balance Sheet - Banking Book, funding/liquidity requirements, p
5、osition taking报表银行帐目，融资 /流动性要求，持有仓位6HSBCBasic job description基本工作简述 front office functions前台功能 Compliance - internal and external regulations 制定规章内外部的制度章程 Credit Risk - counter-party credit exposure, credit lines信用风险对交易对方信用暴露，信用额度 Finance - financial reporting and limit monitoring财务财务报表及极限值监控 Legal
6、documentation 法律材料整理 Market Risk - revaluation and risk methodology 市场风险在评估和风险管理方法 Systems - automatic processing of settlement, profit and loss, risks系统自动处理清算，收益和损失，风险 Treasury Services - back office deal confirmation + settlement资金服务内部交易确认结算 7HSBCTrading 交易 Sales销售Balance sheet 资产负债表Business Lines
7、 业务线 Bonds 债券 FX 外汇 Equities 股票 IR Derivatives 利率衍生工具 FX Derivatives 外汇衍生工具 Equity Derivatives 股票衍生工具 Bond 债券 FX 外汇 Equity 股票 Derivatives 衍生工具 Retail Products 零售产品 Loans 贷款 Deposits 存款 Bonds 债券 Swaps 互换8HSBCDifferent functions to follow general and their own internal guidelines and code of conducts
8、不同职能部门将遵循普遍性准则与方针及他们内部的指导方针和行为准则(Global Standards Manual/Functional Instruction Manuals)（全球标准手册 /功能指导手册）9HSBCImagine we have a customer deal initiated by sales staff and executed by trading staff, our system should be able to handle booking, confirmation & settlement, accounting, tax, market & credit risks, legal documentation complete, and group standard and local regulatory rules compliant想象我们有一个客户交易。交易开始于销售人员，由交易人员执行。我们的系统应该可以处理记录，确认，决算，会计，税收，市场和信用风险管理，准备相应法律材料，并符合集团标准和当地机构的标准。These departments are essential to a successful treasury operation 这些部门对于成功的资金运行至关重要10
