by
Miethak Hatief –AL – Fatlawey
supervised
Dr. Hakiem Muhssin Mohammed

ABSTRACT
This thesis attend to test the ability evidence the short hedge strategy to reduce the risk of prices which the company suffering from it That it can be desalts with , so the important of the using of derivative facilities of financial in reducing the risk through by showing the concept derivative facilities in the theory part of the research and investigated the application results by using the future contract in hedge of the cash position of the companies and the scope of the effecting risk in the reducing-in applied with aspect to this offer s on the companies. And so, reaching to the concluding and recombination and developing the country of Iraq and ability to put this recommendation that added to finanical sciences. Eight companies has been studies which are listed in Baghdad market of financial currency in according to 24 case per month for each company which starts with of 2000 to 2002 with a total case of 192 per month for all companies by using of financial statistical concepts in application aspect. The study is concluding that matching of precaution the short term strategy in Baghdad market of financial currency which leads to reduce the losses of fluctuating in prices