A good foreign exchange policy is critical to the sound risk management of any corporate treasury. Without a policy decisions are made ad-hoc and generally without any consistency and accountability.
Its important for treasury personnel to know what benchmarks they are aiming for and its important for senior management or the board to be confident that the risks of the business are being managed consistently and in accordance with overall corporate strategy.
Its important for treasury personnel to know what benchmarks they are aiming for and its important for senior management or the board to be confident that the risks of the business are being managed consistently and in accordance with overall corporate strategy.
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