Merck & Co. Chooses IRC/Hedge System To Manage FX Exposures
TECHNOLOGY
Merck & Co. Inc. has chosen California-based software developer International Risk Control (IRC), Inc.’s IRC/Hedge system to help manage its foreign exchange exposures. Merck is the first of two corporations that have implemented the system since its launch a month ago.
Gary Sender, foreign exchange manager at Merck, says that he uses the system, a decision support system that draws on complex algorithms, to hedge the company’s spot forward currency exposures.
IRC says that one of the most
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