
1. Management of Transaction Exposure
(chapter 13)
2. Transaction Exposure
4. Without hedging
5. Hedging strategies
6. Forward market hedge
7. Forward Market Hedge
8. Options Market Hedge
9. Options Market Hedge
10. Hedging certain future cash flows: Ford example
12. Options Hedging: importer of British woolens
13. Hedging through Invoice Currency
14. Hedging via Lead and Lag
15. Exposure Netting
16. Observations
17. Should the Firm Hedge?
18. Should the Firm Hedge?