Currency Derivatives House of the Year: Standard Chartered

Extending hedging tenor sees Standard Chartered win currency award

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With a US interest rate hike now well within sight, many Asian corporates have been looking for that final chance to capture those historically low rates by extending the duration of their US-denominated debt accordingly. This follows years of increased US dollar borrowing across Asia.

With the strengthening of the US dollar against local Asian currencies, many in the region have looked to do something about their foreign exchange exposures – but hedging via local currency markets remains challe