NEWSLETTER 346 NOVEMBER 2018

Editorial Payoff, P&L and Effective Exchange Rate Diagrams Today, we go back to financial products 101 and discuss payoff, P&L and financial exchange rate diagrams. The reason is that I regularly experience confusion and misconception, thus it is time to...

NEWSLETTER 345 OCTOBER 2018

Editorial Tender-Linked FX Forwards Financial product innovation in FX markets has slowed down enormously in the second decade. The big innovation for treasurers in the first decade was the target redemption forward, which has now become a standard range of products...

NEWSLETTER 344 SEPTEMBER 2018

Editorial   XOF   XOF is not the exit for Offenbach, nor an old-fashioned precious metal, but the currency code for the CFA Franc. The West African CFA franc is the currency of eight independent states in West Africa: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast,...

NEWSLETTER 343 AUGUST 2018

Editorial Trade Idea for the Turkish Lira The price of a EUR in Turkish Lira (EUR-TRY) has moved up from 5.00 to above 7.00 in the last 3 months, a rise by more than 40%. For currencies, even for emerging markets’ currencies, this is a dramatic move. Along with the...

NEWSLETTER 342 JULY 2018

Editorial The Allied European Financial Markets Association (AEFMA) will start its Certified Expert in Treasury and Markets CETM) in October 2018. I took the opportunity to interview Christian F. Buschmann, the speaker of AEFMA’s board of education. Link to AEFMA:...