Borrowers: Borrowers start to play a strategic game
The privatized French treasurer
ABB seeks exotic knowledge
Because ABB’s treasury also does proprietary trading it needs a good risk-management system, says Jan Roxendal, president of ABB Financial Services. But rather than value-at-risk numbers it prefers to look at a “worst-case scenario”, Roxendal says. ABB simulates interest rate movements of 1% and exchange rate movements of 2.5% to 5%, depending on the currency, and puts a number on the total risk.
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