January 30, 2020
Managing FX in Currency Tiers to Control Cost, Workload
Why one company’s treasury spreads currency management among teams for large exposures, currency clusters and “tier two” currencies. At a recent NeuGroup meeting of treasurers in Europe, one member shared how his company manages FX risk management-related costs and workload by considering currencies in tiers. Global policy, local execution. Generally speaking, at this company, corporate treasury at HQ is responsible for the framework and policies and the global hedging approach, but local (in-country) treasury staff implement the hedging strategy with…
