Financial Risk Management, Foreign Exchange Market, Monetary Policy, Macroeconomics - General & Miscellaneous, Options - Investments

Managing Currency Risk Using Foreign Exchange Options

Name: Managing Currency Risk Using Foreign Exchange Options
Author: Alan Hicks
ISBN: 9781855734913

by Alan Hicks

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Overview

This book gives a clear perspective of how foreign exchange (FX) options are derived and a clear understanding of the benefits, cost, risks, and rewards associated with FX options strategies. The early chapters provide a gentle introduction, and the book gradually builds in complexity, covering hedging in three stages. The author concentrates on practical application of options as experienced in the real-world. He illustrates his point with examples drawn from the corporate world.

Synopsis

Building on the success of his bestselling Foreign Exchange Options, Alan Hicks has produced this new and invaluable guide to the use of currency options for corporate treasurers and other financial executives. Setting the principal OTC instruments within the company’s risk management framework, he provides an authoritative guide to the characteristics, advantages and uses of currency options in the management and control of foreign exchange risk. Alan Hicks’ unique experience allows him to concentrate on the practical application of options as experienced in the real world of foreign exchange, illustrated by the use of case study material throughout the book.

Illustrates how FX options are derived from the underlying FX markets.Presents the benefits, costs, risks and rewards associated with various FX option strategiesDemonstrates how options can play a part in any company’s FX risk management programme

About the Author, Alan Hicks

Alan Hicks began his banking career with the Royal Bank of Canada, with subsequent moves to Fidelity Bank, Chase Manhattan and Standard Chartered Bank. In 1996, Mr. Hicks formed his own company - Options Training and Consulting Limited - offering advice, training, education and support in all aspects of options. Also in 1996, he entered into an alliance with Inventure Ltd and conducts all UK training and consulting business under the name Inventure Ltd.