U.K. Corporates Use Record Treasury Management To Convert Forwards Into Synthetic FX Options
CORPORATES
Some corporate treasurers are resting a little easier these days, or so they profess, despite the latest gyrations of the dollar. Says one treasurer of a major U.K. company, "The dollar doesn't really cause us concern. Our method doesn't involve taking a view--whatever happens, we can ride out the storm." His company has "a very specialized, proprietary options strategy" using an outside consulting firm to carry out a synthetic options program. "A lot of people would like to know how we do it,"
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