• a generic, colour-coded, symbolic methodology for representing any foreign exchange exposures

Be a confident, pro-active risk manager rather than someone bewildered after a foreign exchange-based "ugly incident"! The principles of articulating and implementing a foreign exchange exposure management policy in a corporate governance context:

• defining objectives
• articulating a philosophical attitude towards foreign exchange risk
• should corporate foreign exchange exposure management be centralised?
• the role of limits
• communicating authorities
• vital internal controls
• exposure reporting systems
• extracting value from the banking system
• knowing the right questions to ask

Other background judgment factors underlying exposure management.

Commercial and financial exposure management alternatives.

Corporate financial alternatives:

• using combinations of markets to engineer financial solutions
• foreign exchange and money markets
• local markets and Eurocurrency markets

Pricing of alternative engineered solutions:

• general principles underlying optimal selection from alternatives

Case study: selection from basic alternatives:

• "cover" fully foreign exchange exposures
• a commercially important, counter-intuitive solution to a common financial management problem that has the potential to save otherwise needlessly wasted money.

Case study: comparison of solutions engineered to guarantee certainty as opposed to being deliberately uncovered:

• speaking the language of foreign exchange professionals: forward points and their calculation
• how to take a calculated risk