Provided by
ACCA Research Institute
ACCA P4
Advanced Financial Management (AFM)
高级财务管理
ACCA Lecturer: Lily Wang
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, P4 Chapter 15 Content
1 Introduction
2 Forward contracts
3 Money market hedges
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, Chapter 15
HEDGING FOREIGN
EXCHANGE RISK
Techniques/ instruments
• Forward contracts, including synthetic
foreign exchange agreements
• Money market hedges
• Futures
• Forex swaps
• Currency swaps
• Currency options
• Netting and matching agreements
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