銀(yin)保監辦發(fa)〔2019〕121號(hao)

各(ge)保險集(ji)團（控股）公司(si)、保險公司(si)、保險資產管(guan)理公司(si)：

為(wei)進(jin)一步(bu)提升保險(xian)資(zi)(zi)金服務實體經濟質效,豐富(fu)保險(xian)資(zi)(zi)金運用(yong)(yong)管理(li)工(gong)具,完善市(shi)場信用(yong)(yong)風(feng)險(xian)分散、分擔機(ji)制，根據《保險(xian)資(zi)(zi)金運用(yong)(yong)管理(li)辦法》、《保險(xian)資(zi)(zi)金參(can)與金融衍生(sheng)產品(pin)交(jiao)易暫(zan)行辦法》等(deng)規定，現就保險(xian)資(zi)(zi)金參(can)與信用(yong)(yong)風(feng)險(xian)緩釋工(gong)具和(he)信用(yong)(yong)保護(hu)工(gong)具業務有關事項通知如(ru)下(xia)：

一、本(ben)通知所稱(cheng)信(xin)(xin)(xin)用(yong)(yong)(yong)(yong)風(feng)險(xian)緩釋(shi)工(gong)具和(he)(he)信(xin)(xin)(xin)用(yong)(yong)(yong)(yong)保護(hu)工(gong)具，是指用(yong)(yong)(yong)(yong)于管理信(xin)(xin)(xin)用(yong)(yong)(yong)(yong)風(feng)險(xian)的信(xin)(xin)(xin)用(yong)(yong)(yong)(yong)衍生產品(pin)。其(qi)中，信(xin)(xin)(xin)用(yong)(yong)(yong)(yong)風(feng)險(xian)緩釋(shi)工(gong)具包括合約類(lei)產品(pin)和(he)(he)憑(ping)證類(lei)產品(pin)，信(xin)(xin)(xin)用(yong)(yong)(yong)(yong)保護(hu)工(gong)具包括信(xin)(xin)(xin)用(yong)(yong)(yong)(yong)保護(hu)合約和(he)(he)信(xin)(xin)(xin)用(yong)(yong)(yong)(yong)保護(hu)憑(ping)證。

二、保(bao)(bao)(bao)險(xian)(xian)(xian)資(zi)金參與信用(yong)風(feng)險(xian)(xian)(xian)緩釋工具和信用(yong)保(bao)(bao)(bao)護工具業務僅(jin)限(xian)于(yu)對(dui)沖風(feng)險(xian)(xian)(xian)，保(bao)(bao)(bao)險(xian)(xian)(xian)集團（控股）公司、保(bao)(bao)(bao)險(xian)(xian)(xian)公司和保(bao)(bao)(bao)險(xian)(xian)(xian)資(zi)產管理(li)公司（以(yi)下統稱“保(bao)(bao)(bao)險(xian)(xian)(xian)機(ji)構”）不得(de)作為信用(yong)風(feng)險(xian)(xian)(xian)承擔方。

三、參與(yu)信用(yong)風險(xian)緩釋工具和(he)信用(yong)保(bao)(bao)護工具業務的保(bao)(bao)險(xian)機構應當具備(bei)衍生(sheng)品運用(yong)能力和(he)信用(yong)風險(xian)管理能力，并符合保(bao)(bao)險(xian)資(zi)金參與(yu)金融(rong)衍生(sheng)產品交易的監管規定。

四、保(bao)險(xian)(xian)(xian)機構應當(dang)遵(zun)守信(xin)用(yong)(yong)風險(xian)(xian)(xian)緩釋(shi)(shi)工(gong)具和(he)信(xin)用(yong)(yong)保(bao)護(hu)工(gong)具的(de)(de)相(xiang)(xiang)關業務(wu)規則(ze),信(xin)用(yong)(yong)風險(xian)(xian)(xian)緩釋(shi)(shi)工(gong)具和(he)信(xin)用(yong)(yong)保(bao)護(hu)工(gong)具的(de)(de)參(can)考實體和(he)標的(de)(de)債務(wu)應當(dang)符合保(bao)險(xian)(xian)(xian)資金運用(yong)(yong)的(de)(de)相(xiang)(xiang)關監管規定。

五、保險(xian)機構應當制定參與信(xin)(xin)(xin)用風(feng)險(xian)緩(huan)釋工具和(he)信(xin)(xin)(xin)用保護工具業(ye)(ye)務的管理制度(du)和(he)業(ye)(ye)務操(cao)作流程，防范(fan)信(xin)(xin)(xin)用風(feng)險(xian)、市場(chang)風(feng)險(xian)和(he)操(cao)作風(feng)險(xian)。

六、保(bao)險機構應(ying)實(shi)時監(jian)(jian)測(ce)信用風險緩釋(shi)工具和信用保(bao)護工具的交(jiao)易情況，定期評估相關風險，并按照《保(bao)險資金參與(yu)金融衍生產品交(jiao)易暫行辦法》要求，向銀(yin)保(bao)監(jian)(jian)會報送月度(du)、季度(du)和年度(du)報告，報告內(nei)容包括但不限于(yu)業務開展、風險對沖、稽核(he)審(shen)計及(ji)合規等情況。

七(qi)、銀保(bao)監會將加強(qiang)對保(bao)險(xian)機(ji)(ji)構參(can)與(yu)信(xin)用風險(xian)緩釋工具(ju)和信(xin)用保(bao)護工具(ju)業務的監管，依法(fa)開展(zhan)現場(chang)和非(fei)現場(chang)檢查。保(bao)險(xian)機(ji)(ji)構違反規定(ding)參(can)與(yu)相(xiang)關(guan)業務的，銀保(bao)監會將依據有關(guan)規定(ding)對相(xiang)關(guan)機(ji)(ji)構和人員(yuan)進(jin)行(xing)行(xing)政處罰(fa)。

特(te)此通知。

2019年(nian)5月7日