StanChart concludes first EUR/USD derivative
Tuesday, 19 February 2008
FE Report
Standard Chartered (StanChart) Bank, Bangladesh concluded successfully the first EUR/USD derivative deal with Square Yarns Ltd.
Square Yarns Ltd, a concern of Square Group, is exploring an innovative product to hedge its exchange risk against underlying Euro exposure.
StanChart Global Markets structured the EUR/USD zero-cost option to hedge its exchange risk. Zero-cost option/range forward provides the clients with more flexibility by fixing a range of exchange rate.
Derivative is currently the most preferred product in the foreign exchange market for hedging exchange risk.
Vibrant derivatives market in neighbouring countries has provided wide array of risk management tools and played a pivotal role in overall financial market development.
Standard Chartered (StanChart) Bank, Bangladesh concluded successfully the first EUR/USD derivative deal with Square Yarns Ltd.
Square Yarns Ltd, a concern of Square Group, is exploring an innovative product to hedge its exchange risk against underlying Euro exposure.
StanChart Global Markets structured the EUR/USD zero-cost option to hedge its exchange risk. Zero-cost option/range forward provides the clients with more flexibility by fixing a range of exchange rate.
Derivative is currently the most preferred product in the foreign exchange market for hedging exchange risk.
Vibrant derivatives market in neighbouring countries has provided wide array of risk management tools and played a pivotal role in overall financial market development.