Common Challenges to Hedging FX Risk

Common Challenges to Hedging FX Risk
Chatham Financial White Papers – October 2015
 
Early 2015 ushered in currency volatility and dollar strength unseen in decades. Every day, new headlines of companies negatively impacted by large exchange rate movements greeted readers of financial news. Earnings calls are littered with references to “constant currency” impacts and


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Accounting for floating rate loans under IFRS, FRS 102

Accountancy Live: Accounting for floating rate loans under IFRS, FRS 102
June 22, 2015, Accountancy Live
By Zwi Sacho, Chatham Financial
“Preparers and auditors should should carefully consider the accounting consequences when encountering floors in floating rate loans under IFRS and FRS 102, says Zwi Sacho ACA, director of the corporate accounting advisory practice at


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FI Bulletin: POLAR: Path of Least Accounting Resistance

POLAR: Path of Least Accounting Resistance
December, 2014

Selection of the desired interest rate risk position and the corresponding transactions that can be used to broadly support a desired change in a financial institution’s interest rate risk position is critical, but unfortunately, only half the story. The next steps in the larger balance sheet


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Derivatives Regulation Case Study: Regulatory Compliance Assessment

Derivatives Regulation Case Study: Regulatory Compliance Assessment
Our Client:
A Fortune 100 technology company with international operations and multiple hedging programs involving exchange-traded and over-the-counter (OTC) derivatives across different asset classes, including foreign exchange, interest rates, and credit.
Situation:
The company was concerned about the impact of new derivatives regulations on its hedging programs, including


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Corporate Case Study: Tracking & Reporting for Hedges

Corporate Case Study: Tracking & Reporting for Hedges
Our Client:
A global musical instruments manufacturer and distributor who actively manages FX and interest rate risk exposures.
Situation:
The company was managing over 1,500 derivative instruments in Excel and was applying hedge accounting for more than half of their derivatives portfolio. They were applying a


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Corporate Case Study: Strategy & Accounting

Corporate Case Study: Strategy & Accounting
Our Client:
A global packaging and manufacturing company with over $7 billion in revenues and a complex capital structure.
Situation:
The company had recently issued fixed rate financing and was considering converting it to variable via a pay-variable, receive-fixed interest rate swap. Management’s objective was to achieve


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Your Hedging Outlook – Part III: Hedge Accounting

Part III: Hedge Accounting: Several key developments in the world of hedge accounting last year could impact your derivatives and hedging programs this year.


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Your Hedging Outlook for 2014 – Part I: Fed Policy

Part I of III: Examining more closely those areas of Fed policy, derivatives regulation, and hedge accounting that will impact your program, to understand your management of business risks in 2014.


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Oscar Wilde, Finance Genius?

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As big fans of Oscar Wilde’s writing, we at Chatham consider it a privilege to extend his work by helping companies understand the price of everything and the value of everything under ASC 820.


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2000

The firm begins developing in-house technology establishing a new core competency.


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