Subject The new financial crisis forced many domestic firms to manage their commercial and financial risks more carefully, including by means of managing the rate of return on invested capital. Due to changes in the rate of return, firms may have both benefits and losses, as the deviation of the average market return from the firm's target can be both negative and positive. To solve the problem, it is necessary to have adequate tools. Methods One of the new approaches to company management is the application of the stock market technologies. However, the technologies need to be adapted to real business or production.To hedge the process of restructuring the receivables of a debtor organization, we propose using the financial immunization technology, which is applied at the stock market for debt management in the form of bonds. Results The creditor can replace the debt by a portfolio of the debtor's future payments, which will provide the same rate of return as under the initial contract. It will also protect from changes in the average market return in the considered branch of business so that any deviation from the target will produce a higher value of the new portfolio as compared to the old debt value on previous terms. Conclusions and Relevance The findings may be useful for commercial and financial risk hedging. The described financial technologies will enable to derive additional pecuniary benefit due to inclusion of strategic business prospects in the evaluation analysis.
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