Every company that engages in cross-border commerce faces the risk of currency fluctuations. Such fluctuations cause more financial losses in business than any other single factor. The efficient management of the risks presented by these fluctuations is essential for the survival of a wide range of businesses. This highly practical guide explains, in a form that is accessible to all financially literate managers, a variety of methods of minimising currency risk. It explains in detail and in a form accessible for those without prior knowledge of the markets or an in-depth knowledge of mathematics, the nature and uses of a variety of financial instruments, including all forms of currency derivatives, such as forward foreign exchange, OTC currency options, currency swaps, currency futures and options on currency futures.
Book Details:
- Author: John J. Stephens
- ISBN: 9780470668184
- Year Published: 2002
- Pages: 218
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
Every company that engages in cross-border commerce faces the risk of currency fluctuations. Such fluctuations cause more financial losses in business than any other single factor. The efficient management of the risks presented by these fluctuations is essential for the survival of a wide range of businesses. This highly practical guide explains, in a form that is accessible to all financially literate managers, a variety of methods of minimising currency risk. It explains in detail and in a form accessible for those without prior knowledge of the markets or an in-depth knowledge of mathematics, the nature and uses of a variety of financial instruments, including all forms of currency derivatives, such as forward foreign exchange, OTC currency options, currency swaps, currency futures and options on currency futures.
Part of the IIA Series, this is a clear practical guide to a subject of key importance to financial managers explained in a highly accessible style.
Offers a practical approach to currency risk. * Includes international examples and case studies. * Accessible to managers with little prior experience in financial markets.
About the Author
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.