Unlocking FX Risk in International Wholesale: A perspective from the global securities industry - (PPT)

摘要

Many carriers accept FX volatility as cost of doing business. Some carriers use imprecise forecast level hedging. Some wholesale units get P&L allocation for FX gains & losses; others don't. Carriers lack timely, actionable information on FX exposure. Inefficient invoicing, audit and reconciliation processes have inhibited transaction level hedging. Next generation of carrier business information exchanges will enable more proactive approach to FX. Wholesale divisions will able to provide Treasury function with actionable FX exposure information earlier in the payment cycle. Most FX risk from wholesale trade can be eliminated.