A: Enterprises with hedging instruments should include the net exposure hedging income in other income items when implementing the Notice of the Ministry of Finance on Revising and Printing the Financial Statement Format of General Enterprises in 20 18 (Caishui [2065 438+08] 15). Under normal circumstances, fill in the time according to the topic.
What is net exposure?
Risk exposure refers to unprotected risk, that is, the credit balance that may bear the risk due to the debtor's default, and refers to the actual risk, which is generally related to specific risks.
For example, your income is Japanese yen, but you have a US dollar loan to repay, and you have not made any hedging transactions (such as forward foreign exchange transactions or foreign exchange swaps), so you have exposure to the Japanese yen-US dollar exchange rate. Or you buy a corporate bond, because corporate bonds have credit risk, and you don't do any hedging transactions (such as credit default swaps), you have credit risk exposure. If you buy a bond with a fixed interest rate, and because you have not done hedging transactions (such as interest rate swaps), you have to bear interest rate risk, so you have interest rate risk exposure. Generally, external rating agencies evaluate the risk weight of customers according to customer information, which is divided into six grades: 0%, 10%, 20%, 50%, 100% and 150%.
According to the risk weight of customers, risk exposure is divided into multiple levels. To make an inappropriate analogy, just like the heavyweight in boxing, different players have different heavyweight. There may be many types of risks in different degrees of exposure, or there may be the same risk in each exposure. This should be discussed according to the specific hedging tools. Regression analysis is generally used. So there will be the concepts of total exposure and net exposure.
What enterprise will set up a net exposure hedging income account? As long as there are hedging tools, enterprises will be involved in the profit and loss of hedging, so we should set the corresponding exposure income account according to document 20 18 15, and don't be afraid of the problem of net exposure. The author made a special trip to give a detailed answer in the second half of the information for your reference.