Lecture Financial institutions, instruments and markets (6/e): Chapter 17 - Christopher Viney

Tài liệu Miễn Phí chia sẽ đến mọi người thư viện Lecture Financial institutions, instruments and markets (6/e): Chapter 17 - Christopher VineyTài liệu Lecture Financial institutions, instruments and markets (6/e): Chapter 17 - Christopher Viney thuộc chủ đề ,Tài Chính - Ngân Hàng,Tài chính doanh nghiệp được chia sẽ bởi taichinhdoanhnghiep đến các bạn nhằm mục đích học tập , thư viện này đã chia sẽ vào mục ,Tài Chính - Ngân Hàng,Tài chính doanh nghiệp , có tổng cộng 48 trang , thuộc file PPT, cùng thể loại FX risk policy formation, Measuring transaction exposure, Financial institutions, Financial Instruments, Financial markets, Financial system : Chapter 17 - Foreign exchange: risk identification and management, ý nữa In this chapter, students will be able to: Recognise FX transaction, translation, operational and economic risk, formulate an FX policy document, outline methods to identify a company’s FX exposures, describe the implementation of market-based hedging techniques, explain internal non-market-based techniques for managing FX risk,còn cho biết thêm Chapter 17 Foreign Exchange: Risk Identification and Management Copyright ª 2009 McGraw­Hill Australia Pty Ltd 17­1 Learning Objectives • Recognise FX transaction, translation, operational and economic risk • Formulate an FX policy document • Outline methods to identify a company’s FX exposures • Describe the implementation of market-based hedging techniques • Explain internal non-market-based techniques for managing FX risk Copyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions, Instruments and Markets 6e by Viney Slides prepared by Anthony Stanger 17-2 Chapter Organisat
Chapter 17 Foreign Exchange: Risk Identification and Management Copyright ª 2009 McGraw­Hill Australia Pty Ltd 17­1 Learning Objectives • Recognise FX transaction, translation, operational and economic risk • Formulate an FX policy document • Outline methods to identify a company’s FX exposures • Describe the implementation of market-based hedging techniques • Explain internal non-market-based techniques for managing FX risk Copyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions, Instruments and Markets 6e by Viney Slides prepared by Anthony Stanger 17-2 Chapter Organisation 17.1 FX Risk Policy Formation 17.2 Measuring Transaction Exposure 17.3 Risk Management: Market-based Hedging Techniques 17.4 Risk Management: Internal Hedging Techniques 17.5 Summary Copyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions, Instruments and Markets 6e by Viney Slides prepared by Anthony Stanger 17-3 17.1FX Risk Policy Formation • Foreign exchange risk exposures can be classified in terms of their impact on a firm’s cash flows, balance sheet, competitive position and value – Transaction exposure – Translation or accounting exposure – Operational exposure – Economic exposure Copyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions, Instruments and Markets 6e by Viney Slides prepared by Anthony Stanger 17-4 17.1FX Risk Policy Formation (cont.) • Transaction exposure – The risk that future foreign currency denominated cash flows will vary on account of exchange rate movements E.g. a contract to import goods from the US denominated in USD Copyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions, Instruments and Markets 6e by Viney Slides prepared by Anthony Stanger 17-5 ... - tailieumienphi.vn 1084992