Apple derivatives use surges
Hedging derivatives notionals hit $99 billion, up from $6 billion in 2008
Apple has increased its derivatives usage 18-fold over the past decade to $162 billion in notionals and grown its book of non-hedging instruments faster than those designated for hedging.
The tech giant recorded just $9 billion of outstanding derivatives notionals – exclusively for foreign exchange contracts – in 2008. In the 10 years since, it has ramped up forex derivatives notionals to $128
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