摘要：自從我國2006年出臺的《上市公司證券發行管理辦法》中明確規定了分離交易可轉債作為一種新的融資工具正式進入我國資本市場，在第一支分離交易可轉債發行以來，不僅受到企業的大力支持，也讓廣大的投資者青睞不已，市場上反應強烈，融資規模急劇上升，這是它本身所擁有的特點所決定的，它彌補了普通可轉債的不足之處，但同時是把雙刃劍，在給融資方好處的同時，也有很多潛在的危險。本文正是從發行方在使用分離交易可轉債時會產生的潛在危險入手，分析所能產生的風險，以及如何有效的防范風險，讓融資方能更好的用好分離交易可轉債所帶來的優勢。

關鍵詞：分離交易可轉債  融資  風險 

Abstract: Since 2006 Chinese government listed companies the measures for the administration of securities issuance stipulates clearly the separation of trading convertible bonds as a new financing tool to formally enter the capital market in China, since the first separation of trading convertible bonds issued, not only by the enterprises vigorously support, also let the favor of investors, the market reaction is strong, and a sharp rise in financing scale, it has to do with it to the special features of itself, and it makes up for the deficiency of ordinary convertible bonds, but at the same time is a double-edged sword, at the same time of benefits to the financiers, also has a lot of potential danger. This article is from the issuer in the use of separation of trading convertible bonds would produce a potential danger of risk analysis will have, and how to effectively guard against risk, let financing in order to better use the advantages of good separation of trading convertible bonds

Key words: separation of trading convertible bond   financing   risk