- Interest Rate Risk: This risk is applicable primarily to fixed income securities. It refers to the risk of the interest rates changing in an undesired direction, which may cause the prices of the security to decline. In periods of rate increases, the variable interest rate payer is adversely affected since payment of higher interest rates would be needed. On the other hand, if interest rate increases, the variable rate receiver would benefit since rise in increase rates would lead to higher receipts due to high interest receivables. While the interest rate increase is positive for one party, it is negative for the counterparty to the transaction. This is the guiding principle of risk management which aims to achieve mitigation of the effects of different risks so that they nullify the effect of each other and minimize the downside variability of the returns and cash flows.
利率风险：风险是主要适用于固定收益证券。它指的是利率不期望的方向变化的风险，这可能导致的安全价格的下降。在加息周期，可变利率付款人的不利影响，因为高利率支付需要。另一方面，如果利率上升，变率接收器将受益从提高利率的上升会导致更高的收入，由于高的应收利息。而加息一方是积极的，为交易对手方是负的。本指导原则是风险管理的目的是实现不同风险影响的缓解使他们废除的相互影响和减少下跌的收益和现金流量的变化。
