Foreign exchange

Legally unbound

Foreign banks have been on the sharp end of district court decisions in Jakarta this year annulling derivatives contracts they had struck with Indonesian exporters. The development raises questions about the sanctity of contract, the Indonesian judicial

Taking time to settle

Regulators have looked to eliminate any gaping holes in risk management since the onset of the financial crisis. But with the focus firmly on counterparty credit risk, has settlement risk fallen off the radar? By Alexander Campbell

CLS: US-Canada forex settlement due in 2010

CLS Bank, the multi-currency cash settlement system provider, is aiming to settle same-day US dollar/Canadian dollar and US dollar/Mexican peso currency trades by the end of 2010, according to chief executive Rob Close.

Forex realignment

Many company treasury departments were slow to respond to rising volatility in the foreign exchange market, along with a shift in the direction of the US dollar last year. Are corporates changing their hedging policies in response? By Peter Madigan

Carry in favour?

Long popular among hedge funds, the financial crisis battered the carry trade towards the end of 2008. But despite massive losses stemming from the trade, there is evidence market participants are putting it on again. By Mark Pengelly

Victory at last

The seismic movements in the financial markets last year confounded even the experts, as correlation took down every asset class and unwitting trader going. Victor Sperandeo, better known as Trader Vic, talks exclusively on the back of his latest index…

Estimating intrinsic currency values

Forex market practitioners constantly talk about the strengthening or weakening of individual currencies. In this article, Jian Chen and Paul Doust present a new methodology to quantify these statements in a manner that is consistent with forex market…

Settlement settled?

The collapse of Lehman Brothers and other banks last year proved that settlement risk in the forex market has been greatly reduced. But while forex operational risk managers may be giving themselves a pat on the back, there are warnings that settlement…

Hedge simple

Extreme shifts in foreign exchange rates have forced corporate treasurers to reconsider their hedging strategies. With currency volatility expected to remain high, many are shifting away from complex structures towards simpler approaches. By Ryan Davidson

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