智通财经网·2026-02-15 10:48Core Viewpoint - China COSCO Shipping Development Co., Ltd. (中远海发) announced plans to engage in currency-related financial derivatives to manage interest rate and exchange rate risks, with a trading limit set for 2026 at $2.3 billion and 1.8 billion RMB [1] Group 1: Financial Derivative Business - The company’s subsidiaries will conduct financial derivative transactions including interest rate swaps and foreign exchange forwards, with a transaction period from February 13, 2026, to December 31, 2026 [1] - The scale of financial derivative transactions for the current year will not exceed the specified limits and will not involve margin or premium [1] Group 2: Risk Management - The subsidiaries have a certain net asset exposure in USD, and foreign exchange forward transactions will effectively control risks arising from exchange rate fluctuations [1] - Interest rate swap transactions will allow the conversion of floating-rate loans to fixed-rate loans, thereby managing market risks associated with interest rate fluctuations [1] Group 3: Business Justification - The transactions are backed by genuine business needs and reasonable funding arrangements, ensuring that the hedging instruments meet effectiveness criteria in terms of economic relationship, hedging ratio, and timing [1] - The fair value or cash flow changes of the hedging instruments can offset the changes in fair value or cash flows of the hedged items, achieving the goal of hedging [1]