Hedging Currency Exposures By Multinationals
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Author | : Ira G. Kawaller |
Publisher | : |
Total Pages | : 7 |
Release | : 2015 |
Genre | : |
ISBN | : |
Currency risk is an inherent aspect of international commerce. Fortunately, for enterprises that operate in this space - particularly for those that transact with counter-parties having major currencies as their functional currency - there are a variety of derivative instruments that can be used in connection with these risks, including forward contracts, futures contracts, options, and cross currency interest rate swaps. Familiarity with these tools, while necessary, isn't sufficient. Managing these risks requires enterprise-wide coordination. Otherwise, the risk mitigating efforts by a subsidiary or related party may end up exacerbating the exposure of the consolidated entity. This article highlights these concerns and provides a framework for developing an enterprise-wide process for managing these exposures.
Author | : |
Publisher | : |
Total Pages | : 128 |
Release | : 1991 |
Genre | : Empresas internacionales |
ISBN | : |
Author | : Alastair Graham |
Publisher | : Routledge |
Total Pages | : 182 |
Release | : 2014-02-04 |
Genre | : Business & Economics |
ISBN | : 1135968381 |
The Currency Risk Management series offers readers, researchers, and financial professional a time-tested training tool for understanding and working in the increasingly complex currency markets. This series breaks new ground in simplicity, clarity, and ease of application in risk management practice.
Author | : Maria Kavaliova |
Publisher | : VDM Publishing |
Total Pages | : 120 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 9783836412612 |
Since 1973 the exchange rates of major currencies have been permitted to float freely against one another. This, along with an increase in the volume of the world trade, has escalated foreign currency risk. Exchange rate movements have a significant impact on companies engaged in international trade. In contrast to big multinational companies, that have a broad range of tools available to reduce their foreign currency exposure, middle-sized companies have only limited possibilities to hedge their foreign exchange rate risk. The aim of the paper is to examine all available hedging techniques that can be utilized by a middle-sized company and to analyse the impact of an effective foreign exchange risk management on the value of the company. The paper begins with an overview of the foreign exchange market and detailed analysis of models that are used to make short-, medium- and longterm exchange rate forecasts. Further on, the book examines the impact of FX hedging procedures on the company and presents pro and counterarguments of corporate hedging. Finally, different internal and external hedging techniques are examined in order to make recommendations on when a particular hedging technique should be used.
Author | : Tuan Tran |
Publisher | : GRIN Verlag |
Total Pages | : 23 |
Release | : 2015-04-21 |
Genre | : Business & Economics |
ISBN | : 3656948178 |
Essay from the year 2015 in the subject Business economics - Investment and Finance, grade: 77.00, University of Westminster, course: Finance and Accounting, language: English, abstract: This article summarizes the motivations behind the reason why many corporates use (currency) options for risk management. Firstly, the paper would generalize the term of Financial Derivatives and how they benefit investors. Furthermore, it review a great deal of previous scholar works done on the field of risk management by corporates and on general options. In addition, the following case study of the company named ABC using a protective put strategy in order to hedge its investment in BCA is explored in both situation of increase and decrease in share price in order to understand how companies manage risks. Even though options can be an effective tool that helps companies be successful in grow their firm values options can also become worthless due to a minor modification of share price.
Author | : Michael Jilling |
Publisher | : |
Total Pages | : 376 |
Release | : 1978 |
Genre | : Business & Economics |
ISBN | : |
Author | : L. Soenen |
Publisher | : Springer |
Total Pages | : 160 |
Release | : 1979-09-06 |
Genre | : Business & Economics |
ISBN | : |
Author | : Gary Shoup |
Publisher | : Global Professional Publishi |
Total Pages | : 284 |
Release | : 1998-10-28 |
Genre | : Business & Economics |
ISBN | : 9781888998221 |
With the advent of the World Trade Organization and NAFTA, foreign exchange now impacts the corporate world as never before. Hedging currency risk - usually through the interbank network - is now a routine treasury function. However, midsized companies (up to $100 million in annual sales) are often shut out of the interbank market because of cost and minimum size requirements. Currency Risk Management: A Handbook for Financial Managers, Brokers, and Their Consultants shows how to capture this business - from the basic concepts of foreign exchange to prospecting the corporate client. The author writes in an easy-to-read style and shows the finer points of foreign exchange and various exchange regimes recognized by the IMF. The reader will learn why exchange rates are a matter of government restrictions and controls as well as market price discovery.
Author | : Richard M. Levich |
Publisher | : Free Press |
Total Pages | : 232 |
Release | : 1980 |
Genre | : Business & Economics |
ISBN | : |
Author | : Business International Corporation |
Publisher | : |
Total Pages | : 74 |
Release | : 1971 |
Genre | : Devaluation of currency |
ISBN | : |