Managing Currency Risk: Using Financial Derivatives

ISBN-13: 9780471498865 / Angielski / Twarda / 2001 / 272 str.

John J. Stephens

Opis

Control the number one cause of financial loss currency fluctuation

With cross-border commerce now the global norm, companies must now face the greatest threat to their financial stability: financial losses due to currency fluctuations. Written by an international business and banking expert, Managing Currency Risk is an authoritative, accessible look at the variety of methods used to minimize currency risk. Written for the financial market novice, the book explains the nature and uses of a variety of financial instruments without complicated mathematical equations. Discussed in detail are all forms of currency derivatives, such as forward foreign exchange, OTC currency options, currency swaps, currency futures, and options which are illustrated with international examples and case studies. A practical guide on every aspect of currency risk, Managing Currency Risk also serves as a guide to navigating your firm through turbulent economic times.

Spis treści

Currency Risk, Currency Derivatives and the Management Function.

Currency Risk Management Issues and Strategies.

Currency Spot and Forwards.

Currency Futures Contracts.

Currency Swaps.

Currency Options.

Strategies with Currency Derivatives.

Managing Specific Currency Risks.

Index.

O autorze

JOHN J. STEPHENS has many years international business and banking experience. Trained as a lawyer, he subsequently specialised in business related issues and for 10 years was CEO of a management consultancy firm with many large international clients. From 1992 onwards, he worked in the financial services sector for SANLAM and later ABSA Bank, before specialising in futures and options. He now runs a training company specialising in the futures and derivatives markets and is also a non–practising advocate of the Supreme Court of South Africa.

Blurb

Currency fluctuations cause more financial losses to business than any other single factor. Exchange rates between one currency and another can change dramatically in a short period of time, leaving the unprepared business exposed to potentially crippling losses.
Every business that traders internationally or relies on imported goods is exposed to the effects of currency fluctuations. The efficient management of this risk is essential for the survival of a company and any business that is exposed to such a risk should ensure that it is fully prepared to manage it.
Aimed at senior managers within businesses, this book is a practical primer on how to reduce risk from volatility in the foreign markets.