Corporates
Corporate hedgers count costs of volatility
Recent volatility in foreign exchange markets has created a tough hedging environment in major currencies, says British American Tobacco's dealing room manager
Corporates fear move to platform trading for FX options
Despite being exempt from clearing and exchange trading requirements in the US and Europe, some corporate treasurers fear they might have little choice but to execute FX options on electronic platforms
Japanese corporates count costs of further yen strength
Japanese companies have been hit hard by the strength of the yen and are now revising down their profit forecasts in anticipation of further appreciation
Banca IMI goes global
Since joining Banca IMI from Barclays Capital earlier this year, Nicola Baiocchi Di Silvestri and Nicola Giaretta have been tasked to build the Italian bank’s corporate FX, rates and commodities sales capabilities globally as it prepares to launch a new…
Corporates fall on tough times
The recent volatility in foreign exchange markets has caused uncertainty for corporate treasurers and led to some changes in their strategies. How are banks helping corporates to tackle the current challenges and the increased costs that will result from…
FX Week Asia: Corporate hedgers rattled by volatility
Tumultuous foreign exchange market in September has left some hedging strategies in disarray and led to more timely exposure monitoring in one treasury department, say corporate treasurers speaking at FX Week Asia
Prepare for further black swan events in FX, corporates urged
Corporate treasurers should make sure their forex counterparties are properly prepared for the possibility of further black swan events in the FX markets, senior Lloyds banker tells ACT conference delegates in Manchester
Corporates cover their backs with longer-dated options
Corporate hedgers buy longer-dated options amid increased volatility in foreign exchange markets, say market participants
Basel III already raising costs for long-dated FX, argue corporates
Panellists at ACT annual conference express concerns about the knock-on effects of Basel III and OTC clearing rules
Lufthansa wary of OTC regulations
Corporates across the globe have lobbied to ensure end-users are not subjected to new clearing requirements for derivatives. For Lufthansa’s treasury department in Frankfurt, ensuring it is able to continue to hedge its foreign exchange and interest rate…
The hedge costs explosion
High volatility in foreign exchange markets over the past year has forced many corporates to reassess their hedge books. A number of banks have increased their advisory services to help companies conduct an in-depth analysis of their exposures as a…
Sentimental value
Naomi Fink, Japan strategist in global markets sales and trading at the Bank of Tokyo Mitsubishi UFJ in Tokyo, assesses the slump in corporate sentiment in Japan, and what this bodes for the country's economic growth
Forex hedging up in US
NEW YORK - Foreign exchange hedging ratios for 2009 year-end by US corporates reached historic levels in the third quarter, as companies sought to cover rising risk from the US dollar's upturn.
Time for a rethink
The weak dollar and high implied volatility in currency markets has claimed a number of victims in the corporate sector. Dealers discuss the shift in clients' hedging strategies. By Gail Mwamba
Corporates wary of forex e-trading
NEW YORK – Corporates have been avoiding the use of electronic platforms in the execution of their foreign exchange trades, with most showing a preference for traditional voice trading.
Asian SWFs increase global share
LONDON - Asian sovereign wealth funds (SWF) are growing at a faster rate than their Middle Eastern counterparts, due to larger balance of payment surpluses, according to a report by the private sector industry body International Financial Services London…
UBS wins A&L's options outsourcing
LEICESTER - Alliance & Leicester (A&L) has contracted UBS to provide foreign exchange options technology to the UK bank.
E-trading comes in many flavours
The future of electronic trading is mapped out by Nick Dyne , chief executive of London-based data management and STP systems vendor Logicscope
Extending forex market reach
There is great scope for further integration between FX and interest rate swap markets, says Philip Whitehurst of independent developer MID Analytics in London
Tullett Prebon launches multi-asset market data service
LONDON – Tullett Prebon Information, the market data division of interdealer broker Tullett Prebon, last week launched its market data service, Mark2Marker.
Managing exposure to forex volatility
Manuel Deijk in the structured FX team at UBS looks at a selection of quantitative methods applied in the implementation of FX risk management policies
The relative merits of zero-premium structures
Zero-premium structures can do a better job as a hedge than a vanilla instrument, when the full cost of insurance is paid. By Kenrick Ramlochan, director, FX analytics and risk advisory at ABN Amro in London
Selling £/$ at favourable rates to the forward
UBS Currency Management Advisory Service suggests using a ratio callable forward to sell GBP/USD at more favourable rates than the prevailing market forward rates