The Application of Swap on an Enterprise's Stock Management

With the gradual maturity of the financial market, many kinds of finan cial technologies have been developed at full speed. Many financial tools have b een applied not only in financial market, but also in other fields. This paper g oes from the prospective of finance and uses swap, a basic financial derivative tool, to give a new method to the stock management in an enterprise. During the research,we found that all the former methods go from the prospective of cost a nd try to give a minimized management method. But they ignore the risk of the st ock, especially the price risk in the market. But this one has been a very impor tant factor of the stability in operation of an enterprise.