Corporate foreign exchange risk management

Corporate foreign exchange risk management /

"Corporate Foreign Exchange Risk Management offers a highly accessible yet thorough guide to FX exposure management that will appeal to anyone with who is responsible for managing a profit & loss or balance sheet affected by FX fluctuations or who wants to understand how FX fluctuations aff...

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Bibliographic Details
Main Authors: Jankensg?ard, H?akan (Author), Alviniussen, Alf (Author), Oxelheim, Lars (Author)
Format: Electronic eBook
Language:English
Published: Hoboken, New Jersey : John Wiley & Sons, Ltd., 2020.
Subjects:
Foreign exchange market.
Corporations > Finance.
Financial risk management.
Online Access:Full text (Wentworth users only)
Table of Contents:
  • Cover
  • Title Page
  • Copyright
  • Contents
  • Acknowledgements
  • About the Authors
  • Preface
  • Key Terms and Abbreviations
  • Introduction
  • Two Stylized Facts About Exchange Rates
  • A Definition of FXRM
  • Quoting Exchange Rates
  • Outline of the Book
  • Further Reading
  • Chapter 1 Why Manage Foreign Exchange Risk?
  • From Individual Risk Management to Corporate Risk Management
  • The Case for FXRM: Cash Flow Hedging
  • The Case for FXRM: Protecting Financial Ratios
  • The Case for FXRM: Managing Net Income Variability
  • Key Chapter Takeaways
  • Further Reading
  • Chapter 2 Commercial Exposure to FX
  • The Basics of Transaction Exposure
  • Forecasting Net Exposures
  • A Simple Model of Commercial Exposure
  • Competitive Exposures
  • The Mystery of the 'Underlying' Currency
  • Shortcomings of the Bottom-up Method
  • The Statistical Method of Exposure Measurement
  • Key Chapter Takeaways
  • Further Reading
  • Chapter 3 Net Income Exposure to FX
  • The Basics of Translation Exposure
  • Monetary vs Non-monetary Assets
  • The Issue of Functional vs Transaction Currency
  • The Exposure Matrix
  • External Exposures on Internal Transactions
  • Key Chapter Takeaways
  • Further Reading
  • Chapter 4 Balance Sheet Exposure to FX
  • The Basics of Non-monetary Assets and Liabilities
  • Reconciling the Exposure Matrix with Shareholders' Equity
  • Reconciling Internal Transactions with Shareholder's Equity
  • Reconciling Translation of Income with Shareholder's Equity
  • The Currency Translation Reserve: A Summary
  • Key Chapter Takeaways
  • Further Reading
  • Chapter 5 FX Derivatives Explained
  • The Basics of Forward Contracts
  • Determining Forward Rates
  • FX Futures Contracts
  • Currency Swaps
  • The Basics of FX Options
  • Options from an FXRM Point of View
  • Key Chapter Takeaways
  • Further Reading
  • Chapter 6 Hedge Accounting Explained
  • Background
  • Cash Flow vs Fair Value Hedging
  • Cash Flow Hedging: Basic Principles
  • Hedge Accounting: An Example
  • Fair Value Hedge: An Example
  • Net Investment Hedge: An Example
  • Requirements for Hedge Accounting
  • Some Perspectives on Hedge Accounting
  • Key Chapter Takeaways
  • Further Reading
  • Chapter 7 Centralizing Exposure Management
  • Centralized FX Hedging Defined
  • Benefits of Centralization
  • Internal Hedging Arrangements
  • Dealing with FX Exposures in Business Units
  • The Centralization Process
  • Key Chapter Takeaways
  • Further Reading
  • Chapter 8 Integrated Risk Management
  • Silo-Based Risk Management
  • The Core Principles of IRM
  • Netting Exposures
  • Correlation Analysis
  • Total Corporate Performance
  • IRM Programmes: Beyond the Core Principles
  • Key Chapter Takeaways
  • Further Reading
  • Chapter 9 Managing FX Risk Exposures
  • Getting the Basics Right
  • A Hierarchy of FX Risk Management Strategies
  • Balancing Economics and Financial Management
  • Due Diligence of FXRM Policy Proposals

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