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  • Identifying Exposure Tenor: Where Does It Begin & End?

    Welcome. Today, we’re going to be talking about identifying the tenor of your exposure. Where does it begin and where does it end?

  • Balance Sheet Hedging Performance Reporting

    Welcome back to Hedging with Helen. Today we’re going to talk about currency balance sheet hedging, and, specifically, we’re going to talk about the performance reporting around balance sheet hedging.

  • Blend & Extend Transactions and Hedge Accounting

    Welcome back to Hedging with Helen. Today, we’re going to be talking a little bit about interest rate cash flow hedging. I specifically want to talk about a blend and extend.

  • Budget Rate Setting for Next Year

    Today, I’d like to talk to you about the use of a budget rate and how to set the budget rate.

  • FX Risk Management Policy & Objective Setting

      Today, I’m going to be talking about objective setting. And when we’re talking about FX policies, a lot of times – almost universally, I guess – I see the objective in the policies to mitigate FX risk, and it’s not really clear what it is we’re communicating to the board of directors who is […]

  • Time to Act: SOFR Readiness Checklist

    With the transition from LIBOR in full swing, the time to act is now. New transactions starting in January 2022 will not be based on LIBOR. Some financial institutions are using SOFR, but there are other reference rates being used, causing market confusion and changing risk profiles. 

  • Using Derivatives to Hedge Risk: 3 Benefits for Credit Unions

    Thanks to changes in accounting rules and the NCUA’s derivatives rule, more and more credit unions are empowered to use derivatives to hedge interest rate risk. In this blog, we discuss three reasons why you should include hedging in your interest rate risk management strategy.

  • IR Risk Management for Credit Unions: The Case for Derivatives

    Credit unions: Have you considered using derivatives to manage your interest rate risk? Many have generally shied away from this strategy—until now. In this blog, we highlight the benefits and discuss how to get started with this helpful interest rate risk management tool.

  • US Markets Building Liquidity in the SOFR Market

    On Friday, the CME announced they will start publishing Term SOFR Rates for 1-month, 3-month and 6-month tenors.

  • FCA, IBA & ISDA Announcement About LIBOR Discontinuance: March 5, 2021

    Friday, March 5, 2021, the official groundwork was laid to discontinue LIBOR by the FCA, IBA and ISDA.

  • 5 Common FX Risk Management Mistakes

    As companies implement and run foreign currency (FX) risk management programs, they need to be aware of some common mistakes. Not all treasuries will encounter every mistake, but they are sure to encounter at least one of these—if not now, then in the not-too-distant future.

  • LIBOR: Unexpected News

    In unexpected news today, the end of USD LIBOR has been extended to June 30, 2023.

  • FASB Proposes ASU Expanding Topic 848 (Reference Rate Reform)

    Late last week, the Financial Accounting Standards Board (FASB) issued an exposure draft expanding the scope of Topic 848 to include derivatives that are discounted, but not reset, using rates subject to reference rate reform (RRR). The proposed amendments target contracts with calculations (other than resets) referencing IBOR rates, e.g. margining, discounting or price alignment.

  • ISDA Fallback Protocol for Your Derivatives: Released on Friday

    The eagerly anticipated ISDA IBOR Fallback Protocol was released on Friday, October 23, 2020. The effective date of the protocol has been set for January 25, 2021.

  • Hedging for Financial Institutions – 2020 Update

    The drop in rates in Q1 has increased the net cash payments on pay-fixed, receive-variable interest rate swaps and at the same time increased the derivative losses. What does this mean for your hedge accounting?