Contract-based hedging operations include hedging in the forward foreign exchange market; hedging in the currency market; and hedging in the options market. Contractual hedging means that when an enterprise has an exposed position, in order to generate the opposite exposed position and make the enterprise's total position zero, it buys and sells various transactions in the currency market, forward foreign exchange market, foreign currency futures market and foreign currency options market. act of contract.

Hedging products in international finance mainly refer to commonly used financial derivatives, such as forward contracts, futures contracts, options contracts, swap contracts and forward foreign exchange settlement and sales. Forward contracts are not traded on regulated exchanges. They are usually traded and signed between two financial institutions or between financial institutions and their corporate clients. It is an agreement to buy or sell an asset at a certain price at a certain future time. .