The 4 steps to managing risks
On a daily basis, the treasurer must manage exchange rate risk, which can directly impact the company’s operations and financial results. This risk may arise, for example, from a budget allocated for the purchase of manufactured goods abroad or from debt incurred for the establishment of a new production site overseas. Cash flows from operations and financing denominated in foreign currencies are thus exposed to exchange rate fluctuations.
To effectively manage exchange rate risk hedging, myDiapason offers treasurers the opportunity to follow the four key steps of Risk Management:
- 1
Identify and Measure Your Currency Risk
- 2
Define and Implement Your Hedging Policy
- 3
Manage Your Hedge
- 4
Account for Your Hedges
Discover in our practical guide how to successfully manage your currency hedging by following the four key steps of Risk Management, made easier through the use of a Treasury & Risk Management System (TRMS) like myDiapason
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