PRACTICE OF USING DERIVATIVES IN RISK HEDGING BY RUSSIAN ENTERPRISES

Abstract

Practical problems of risk hedging with the use of derivatives market instruments are considered. The history of the formation of the derivatives market in Russia has come a long way from the identification of derivatives, games and bets to the denial of the identity of their economic and legal nature. The modern practice of hedging is full of litigation, many of which expand and consolidate the conceptual business apparatus for the purpose of using term assets in the activities of modern enterprises. In 2002, the decision of the Constitutional Court made it possible to establish that Article 1062 of the Civil Code of the Russian Federation does not prevent the provision of judicial protection to claims arising from a settled forward contract. The importance of the problem, the use of hedging operations of underlying assets, lies in the ability to insure the current activities of business entities from significant fluctuations in the value of the company's assets, or reduce the cost of expenses on current business operations. The significance of the study also lies in the Russia’s policy of building an independent, self-sufficient economy, the ability to resist geopolitical, military risks, sanctions wars. Thus, by searching for new hedging approaches, new combinations of hedging instruments for the current operations of the business life of enterprises, a smooth transition to asset value management and a stable increase in the value of enterprises is possible.