For something that is so fundamental to international commerce, it is astounding how much confusion exists about managing currency risk. For

Although accounting rules undergo virtually ongoing review and adjustment, the genesis of the current framework is Statement of Financial Ac

Shortcut accounting treatment assures that the same income effects will be reported as those that had previously been termed synthetic instr

In considering the track record, the most relevant statistic should likely be the strategy’s expected return. The longer the history, the gr

This article describes the basic framework for measuring interest rate risk at financial institutions and focuses attention on problems asso

While interest rate swaps and strips of eurodollar futures can serve as substitutes for each other, use of futures necessarily fosters some

nable financial analysts to understand and assess the economic health and prospects of reporting institutions. In the U.S. the Financial Acc

A fairly common reason that shortcut treatment is denied, particularly if the swap happens to be a seasoned instrument at the time the hedge

Brazilian Real futures and options on futures at Chicago Mercantile Exchange offer a host of risk management strategies appropriate for thos

The most frequently used interest rate derivative is the interest rate swap, and when used in it’s most common application — to swap from va