新奧股份(600803.SH):2021年度擬開展原油及天然氣套期保值業務
格隆匯 12 月 15日丨新奧股份(600803.SH)公佈,公司於2020年12月15日召開了第九屆董事會第二十二次會議,審議通過了《關於公司及其子公司開展大宗商品套期保值業務的議案》。公司及子公司開展大宗商品套期保值業務,交易的商品主要包括BRENT原油、JCC原油、JKM天然氣、Henry Hub天然氣等互相之間的差價性產品等,交易類型包括掉期、期權及其產品組合等。套保業務必須堅持以套期保值為目的,保持與實貨的規模、方向、期限等相匹配的原則。
公司開展大宗商品套期保值業務的目的是對國際進口液化天然氣長約購銷、短期現貨購銷和國內液化天然氣及天然氣貿易的交易價格進行套期保值,通過價格的風險管理,形成實貨交易與套期保值交易的相互對衝,規避國際能源價格波動、宏觀經濟系統化風險等因素對公司業務經營產生的不利影響,降低公司採購成本風險和貿易風險。
套期保值業務的平台為ISDA協議規範下的場外衍生產品市場及其他受監管的交易平台和金融機構,公司在交易過程中將使用銀行的專項授信額度,不需要繳納任何保證金。本項套期保值業務不會對公司的資金使用計劃產生不利影響。
基於國際行業慣例,考慮宏觀經濟、市場情況變化等影響油氣價格波動,公司對未來5年液化天然氣實貨採銷經營情況及交易成本進行預計和測算,並在此基礎上開展套期保值業務。2021年度,針對公司未來5年液化天然氣實貨採銷業務,開展相應大宗商品套期保值交易餘額不超過45億元。大宗商品採用滾動建倉的方式,額度可以循環使用。
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