April 2023 Newsletter April FX Advancement: Read our newsletter and discover the latest blog posts and insights from FX Initiative on currency risk management. We help finance, accounting, and treasury professionals stay up to date with training content, CPE webinars, and helpful resources. Scale the learning curve quickly and easily with our foreign exchange risk management training, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Start Training > View Newsletter April 4, 2023By FX Initiative General accounting, business, CPE, currency, development, exposures, finance, fxcpe, fxinitiative, global, hedging, initiative, insights, international, management, mitigation, newsletter, payments, plans, policy, procedures, professional, risk, strategy, training, treasury 0 0 Comment
Preparing FX Risk Policies Preparing FX Risk Policies (Video): Explore how global firms such as Apple formally plan clear parameters and guidelines for managing foreign currency risk. This video is a preview of FX Initiative’s FX Risk Management course as part of Learning Objective #2. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Training July 26, 2022By FX Initiative FX Risk Management, FX Risk Policy Drafter, General accounting, business, CPE, currency, derivatives, development, economics, education, events, examples, finance, forwards, fxcpe, fxinitiative, global, guidelines, hedging, international, management, options, parameters, payments, personnel, policy, procedures, profesionnal, risk, training, treasury 0 0 Comment
Highlighting FX Hedge Objectives Highlighting FX Hedge Objectives (Video): Discover how public and private companies prioritize earnings and cash flows when hedging foreign exchange (FX) risk. This video is a preview of FX Initiative’s Hedging FX Transactions course as part of Learning Objective #1. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Training August 10, 2021By FX Initiative FX Risk Management, General, Hedging Foreign Subsidiaries, Hedging FX Transactions accounting, cashflow, corporate, currency, derivatives, earnings, economics, education, events, examples, exercises, finance, forex, fxcpe, fxinitiative, goals, hedge, learning, management, objectives, plans, policy, priorities, private, procedures, public, risk, simulations, training, treasury 0 0 Comment
Preparing FX Risk Policies Preparing FX Risk Policies (Video): Explore how global firms such as Apple formally plan clear parameters and guidelines for managing foreign currency risk. This video is a preview of FX Initiative’s FX Risk Management course as part of Learning Objective #2. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Training July 27, 2021By FX Initiative FX Risk Management, FX Risk Policy Drafter, General accounting, appetite, CPE, currency, derivatives, economics, education, ethics, events, examples, finance, footnotes, forex, fxcpe, fxinitiative, guidelines, hedge, learning, level, management, operations, parameters, personnel, plans, policies, policy, procedures, resources, risk, rules, tolerance, training, treasury 0 0 Comment
July 2021 Newsletter Summer Learning Sessions: Explore our July newsletter and discover the latest blog posts and insights from FX Initiative. We help finance, accounting, treasury, and sales professionals stay up to date with new training content, CPE webinars, and helpful tips & resources. Get started with our foreign exchange risk management training, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Start Training > View Newsletter July 6, 2021By FX Initiative General accounting, balancesheet, currency, derivatives, development, economics, education, examples, exchange, finance, forecasting, foreign, fundamental, fxcpe, fxinitiative, hedging, income, insights, learning, management, newsletter, plans, policy, procedures, professional, risk, statement, technical, training, treasury, updates, videos 0 0 Comment
CPE Webinar Invite: FX Risk Management Policies Program Overview FX Initiative cordially invites you to attend our webinar titled “FX Risk Management Policies” on Thursday, February 11th, 2021 at 11AM Pacific / 2PM Eastern. Join us for a continuing professional education (CPE) program and earn CPE credit as we learn how to draft a corporate foreign exchange risk management policy. This FX Risk Policy webinar will address the basics for drafting a foreign exchange risk management policy. We begin with best practice policies for pricing and booking foreign exchange (FX) transactions that enable a corporation to retain the FX risk rather than the customer, supplier or vendor. We then discuss how FX personnel, resources and operations are incorporated into a policy document that serves as a guideline for managing foreign exchange risk. Furthermore, we will cover the essential elements of a formal written FX risk management policy, including which FX exposures to hedge, how to handle counterparty credit risk, segregation of duties (SOD), internal controls, and reporting among other areas. Lastly, we will observe how FX risk policy language is disclosed in corporate annual reports (10-K) using the Securities and Exchange Commission (SEC) filings of multinational corporations as real-world examples. Learning Objectives Discover best practice policies for pricing and booking foreign exchange (FX) transactions. Recognize how to incorporate FX personnel, resources, and operations into a policy document. Identify the essential elements of a formal written corporate FX risk management policy. Explore how FX risk policy language is disclosed in corporate annual reports (10-K). Who Should Attend? New and seasoned finance, accounting, treasury, and related professionals (CPA, CIA, CRMA, CFE, etc.) interested in international business. Register February 9, 2021By FX Initiative General, Webinar accounting, best, business, CPE, currency, document, economics, education, event, finance, forex, framework, fxcpe, fxinitiative, global, guidelines, international, learning, management, policy, practices, procedures, risk, training, treasury, virtual, webinar 0 0 Comment
4 Step FX Risk Management Policy A Foreign Exchange (FX) Risk Management Policy is a formal written document that serves as a framework for mitigating and optimizing a company’s FX risk profile. In practice, FX risk management policies can vary widely across organizations depending on their size and structure. Getting started or improving already existing policies can be a challenge without knowing best practices and seeing examples. Therefore, this FX Risk Policy Drafter was designed to help you create a comprehensive Foreign Exchange Risk Management Policy in 4 simple steps. Enter the company name, home country, functional currency, effective date, and review period. Establish internal controls by appointing at least three personnel to the segregated duties of trading, accounting and record keeping. Define materiality thresholds by specifying minimum transaction amounts and hedge coverage levels. Specify the derivative hedging instruments authorized for use and minimum acceptable counterparty credit ratings. Upon completing these 4 steps, 9 sections of the Foreign Exchange Risk Management Policy are drafted and include (1) Function, (2) Definitions, (3) Policy Guidelines, (4) Roles and Responsibilities, (5) Reporting (6) Internal Controls (7) Counterparty Guidelines (8) Policy Review and (9) Policy Approval. Upon reviewing these 9 sections, you will clearly see how the inputs in Steps 1 through 4 are used, and how the program as a whole serves to mitigate currency risk exposures inherent in a company’s business model by specifying how the company’s currency risk management goals will be carried out. You can use this tool to improve or enhance your already existing policy or to lay out a new formal Foreign Exchange Risk Management Policy with clear parameters and guidelines for managing currency risk across the enterprise. Not only does this tool offer a well written policy you can use to tailor your own policy after, it also provides the level of detail to make implementation feasible. Take advantage of this Foreign Exchange Risk Policy Drafter as your own writing tool to help create an optimal foreign exchange risk management policy for your organization. To learn more about about corporate currency risk management best practices, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Training March 10, 2020By FX Initiative FX Risk Policy Drafter, General accounting, appetite, approval, coverage, CPE, currency, derivative, economics, education, finances, forex, fxcpe, fxinitiative, guidelines, hedge, learning, levels, management, operations, personnel, plans, policy, prarmeters, procedures, resources, risk, rules, thresholds, tolerance, traning, treasury 0 0 Comment
Preparing FX Risk Policies (Video) Preparing FX Risk Policies (Video): Explore how global firms such as Apple formally plan clear parameters and guidelines for managing foreign currency risk. This video is a preview of FX Initiative’s FX Risk Management course as part of Learning Objective #2. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Training September 24, 2019By FX Initiative FX Risk Management, General 10K, accounting, amount, appetite, Apple, coverage, CPE, currency, derivative, disclosures, duration, education, finance, footnotes, forex, fxcpe, fxinitiative, guidlines, hedge, iPad, iPhone, learning, level, Macbook, operations, personnel, plans, policies, policy, preparation, procedures, resources, risk, rules, tolerance, trade, traning, treasury 0 0 Comment
June 2019 Newsletter Explore our June 2019 newsletter and discover the latest blog posts and insights from FX Initiative. We help finance, accounting, treasury, and sales professionals stay up to date with new training content, CPE webinars, and helpful tips & resources. Get started with our foreign exchange risk management training, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Start Training > View Newsletter June 4, 2019By FX Initiative General accounting, cash flow, CPE, currency, development, economics, education, examples, exchange, finance, foreign, fxcpe, fxinitiative, insights, learning, management, newsletter, plans, policy, procedures, professional, risk, training, treasury, updates, videos 0 0 Comment
Prioritizing FX Risk Policies & Procedures (Video) Prioritizing FX Risk Policies & Procedures (Video): Learn the importance of a foreign exchange (FX) risk management policy and explore how firms such as Apple put formal plans into place. This video is a preview of FX Initiative’s FX Risk Management course as part of Learning Objective #2. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Training May 28, 2019By FX Initiative FX Risk Management, General 10k, accounting, appetite, apple, best, corporate, CPE, currency, derivative, disclosure, finance, footnote, forex, fxcpe, fxinitiative, global, guidelines, hedge, learning, level, management, operations, parameters, personnel, plans, policy, practices, procedures, resources, risk, rules, tolerance, traning, treasury, worldwide 0 0 Comment