Examples include the assumption of political risk for new projects in emerging market countries; the assumption of residual value risk in sales-leaseback transactions; performance risk in building a new facility; and protecting against fluctuation in commodity, interest rate or foreign exchange risk
in project finance.
M2 EQUITYBITES-June 12, 2014-Wells Fargo Foreign Exchange Risk
Management Group names Matthew Daniel as head of its FX team
10 October 2012 -- Pennsylvania, USA-based financial risk management advisory and technology solutions firm Chatham Financial said it has launched ChathamDirect for FX risk management, a cloud-based portfolio of applications designed to give corporations the ability to manage foreign currency exchange risk
from strategy through reporting.
Godfrey is a vice president and foreign exchange risk
analyst at Bank of America in San Francisco.
The objective was to provide financing in local currency to microfinance institutions, contributing to a reduction in their foreign exchange risk
exposure and to the expansion of their local currency lending capacity to micro and small-sized enterprises in Latin America and the Caribbean.
6 July 2012 - A Ramon Espinosa has been hired as quantitative research head at the foreign exchange risk
management team of Wells Fargo International Group, the foreign exchange specialist, part of Wells Fargo & Co (NYSE:WFC), said on Thursday.
Underwood was most recently working with FX Risk Advisors, a consultancy that specialises in foreign exchange risk
management, and has previously worked at Standard Chartered (LSE: STAN) (STD.DE) (OTC: SCBFF) (HKG: 2888), Credit Agricole (EPA: ACA) (CAGR.PA) and Lehman Brothers (OTC: LEHMQ).
But these assignments may not be quite as attractive because cash flows may not be in a freely convertible currency and could be subject to significant exchange risk
Since it does not have access to the local currency, the Group also utilizes sophisticated financial tools to fund Contactar while protecting against foreign exchange risk
The overseas branches of MCB will handle settlement, remittance and yuan deposit services, as well as forward exchange contracts and other derivatives to help clients hedge their foreign exchange risk
. The bank also expects to expand its business with non-Japanese companies by offering more products and services in yuan.
Of course, to use any new tool effectively, you must understand it, and derivatives are particularly daunting in that respect because they were originally created to help counterparties with unequal financial, regulatory, investment or economic outlooks exchange risk
and return among one another.