Premium Essay

Exposure Management

In:

Submitted By bukharidawood
Words 7229
Pages 29
International Finance & Global Capital Markets

Exposure Management

Himanshu Bhutani A014| Dawood Bukhari A015 Shibani Gujrati A025| Siddhant Anthony Johannes A033 Nishtha Sardana A054| Prateek Walia A063

1

INDEX

1. Introduction…………………………………………………………………………………..3

2. Operational Exposure………………………………………………………………………..9

3. Transaction and Translation Exposure…………………………………………….……..11

4. Other Strategies used by Companies to Hedge Exposure……………………...………19

5. Case Studies: Hedging Strategy used by Companies………………………….………..20

2

INTRODUCTION Foreign exchange exposure represents a material risk for multinational corporations which are unrelated to business operations. One needs to identify each foreign exchange exposure, the risk it represents and methods and costs available to limit such exposure. The value of a firm’s assets, liabilities and operating income changes continuously due to change in factors such as exchange rates, interest rates, inflation etc. In other words, a firm is “exposed” to uncertain changes in a number of variables in its environment. Exposure may therefore be defined as a measure of sensitivity of the value of a financial item to changes in the macro economic variables mentioned above. Risk refers to the variability of the value of the item. FOREIGN EXCHANGE EXPOSURE

Foreign Exchange Exposure occurs because of unanticipated change in the exchange rate. For example the difference in the spot rate & one month forward rate is 0.30 rupee per USD and after one month rupee depreciates by 30 paisa there would be no FE exposure but if actual depreciation is more, then exposure would be said to exist. The definition of foreign exchange exposure can be summarized using the following equation: ΔV=β0 + β1 (ΔSu) where: V is the change in the value of the asset ΔSu is the unexpected change in the spot rate β1 is the exposure i.e.

Similar Documents

Free Essay

World Warcraft

...Using the control wheel Using the In-Camera Guide In-Camera Guide Shooting Tip Back to top Copyright 2012 Sony Corporation Cyber-shot User Guide undefined Search Search Print Top page > Shooting Before Use Shooting Viewing Using MENU items (Shooting) Using MENU items (Viewing) Changing settings Viewing images on a TV Using with your computer Shooting Shooting still images Shooting still images Zoom (Still images) Shooting movies Shooting movies Zoom (Movies) Shooting still images while recording a movie (Dual Rec) Setting REC mode Printing Troubleshooting Precautions/About this camera Contents list List of mode dial functions Intelligent Auto Superior Auto Program Auto Aperture Priority Shutter Priority Manual Exposure Memory recall Movie Sweep Shooting Scene Selection Functions not available in some REC modes...

Words: 44512 - Pages: 179

Premium Essay

Computer Waves

...advantageous which actually has unlimited capabilities; in seeking a certain information, for recreation, for entertainment purposes and many other uses. But despite those infinite uses of computers, some say that computers cause detrimental effects to those who are exposed to its radiation. Radiation, in Physics, it is defined as the process of transmitting energy through space. There are two types of radiation exposure—82% is from natural resources such as cosmic and solar rays and 18% of the exposure is from man-made radiation. Radiation injures the body by destroying cells and parts of cells. It hinders cells from dividing which gives rise to cells which does not have the ability to reproduce. The reason why the researchers have chosen this topic is to stress out the hazardous effects of computer radiation.Long-term exposure to radiation increases the risk of all forms of cancer, tumors, blood disorders, miscarriage, headaches, insomnia, anxiety, aging of the skin, skin burn, etc. Radiation exposure over time can cause skin burn, dry wrinkled skin and photo aging. This skin damage is identical to sun damage and causes the same health problems. Many electronic products that we use on a daily basis expose us to harmful radiation. A television, microwave oven, cellular phone and computer are examples of products that emit radiation. To preserve your health use electronic products carefully, in ways that shield...

Words: 309 - Pages: 2

Free Essay

Nikon

...Cortina dʼAmpezzo Venice Portofino Cinque Terre Two photographers, Italy and the D80 Photographers from different fields share their impressions after shooting with the D80 on a trip to Italy. About shooting in Italy - H (Hien): Iʼ ve long dreamed of shooting in Venice. As a photojournalist, I always strive to convey the moment just as I see it with my own eyes. This demands a great amount of footwork to get acquainted with the location, and the time to establish a rapport with the locals. Shooting early in the morning with the D80 left an immediate impression on me. There was limited light, and that was comprised of a mixture of natural and artificial light. A film camera in such a situation requires complicated use of filters, whereas the D80 was able to achieve accurate white balance and metering under mixed light sources and produce beautiful results. Y (Yves): I believe shooting in the cafe allowed m e t o c l e a r l y ex p r e s s m y f e e l i n g s a b o u t the location. I am always exploring how best to express myself based on the inspiration I draw from the actual scene. And for me, the light is the inspiration. I like to control the light in each shot, which of course includes capturing the mood of the natural light, while at times also taking advantage of reflected light or using flashes. The D80 produced images just as I envisioned them, performing perfectly throughout the trip. Images from the D80 are of the highest quality, and I can edit them freely after...

Words: 7134 - Pages: 29

Free Essay

Fewgwecs

...Loder, Carey Ann Maines, Charles Schweizer ISBN-13: 978-1-58428-258-7 Library of Congress Control Number: 2008942244 Printed in Korea. 10 9 8 7 6 5 4 3 2 1 No part of this publication may be reproduced, stored, or transmitted in any form or by any means, electronic, mechanical, photocopied, recorded or otherwise, without prior written consent from the publisher. Notice of Disclaimer: The information contained in this book is based on the author’s experience and opinions. The author and publisher will not be held liable for the use or misuse of the information in this book. Table of Contents FOREWORD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 by David A. Williams INTRODUCTION Why Manual Exposure Mode? . . . . . . . . . . . . . . . .15 Exposure Metering Techniques . . . . . . . . . . . . . . .17 Metering Methods . . . . . . . . . . . . . . . . . . . . . .17 Metering Objectives . . . . . . . . . . . . . . . . . . . . .18 Using a Hand-Held Incident Light Meter . . . . .18 Using and Interpreting the Camera’s Built-In Meter . . . . . . . . . . . . . . . . . . . . . . .18 Using the Histogram to Determine...

Words: 40405 - Pages: 162

Free Essay

Impact of a Sponsorship Activity on the Brand Perceptions Within an International Context: the America’s Cup and Louis Vuitton Case.

...Impact of a sponsorship activity on the brand perceptions within an international context: the America’s Cup and Louis Vuitton case. Stephane Ganassali, University of Savoie, sgana@univ-savoie.fr, corresponding author 4, Chemin de Bellevue - BP 80439 - 74944 Annecy-le-Vieux Cedex - France Francesco Casarin, University Ca’ Foscari of Venezia Paola Cerchiello, University of Pavia Gunnar Mau, University of Göttingen Carmen Rodrigues Santos, University of Leon Astrid Siebels, University of Hannover All members of the “International Network on Consumer Behaviour Studies” http://comptes.ergole.fr/young Impact of a sponsorship activity on the brand perceptions within an international context: the America’s Cup and Louis Vuitton case. Abstract On the basis of an extended review of literature dedicated to experimental studies of sponsorship effects on brand perceptions, this paper introduces a detailed framework of sponsorship persuasion process. Considering the central “transfer” between event and brand perceptions, the model also includes moderating effects (such as congruence) and focuses on specific components of functional, affective and symbolic customer value. In Spring 2007, a Web survey was conducted to evaluate the impact of Louis Vuitton’s sponsorship of America’s Cup. A total sample of 1,400 European respondents was developed thanks to the collaboration of eight Universities in France, Germany, Italy and Spain, working...

Words: 9305 - Pages: 38

Free Essay

Critique of a Manual

...(High Definition Multimedia Interface). The complete user manual can be found at http://www.samsung.com/us/support/owners/EV-NX1000BFWUS. II. Document Organization The user manual has 184 pages and is broken down into seven (7) pages. The first six pages (6) is the health and safety information. The first chapter is my camera. The topics covered in this chapter are getting started, camera layout, display icons, lenses, accessories, and shooting modes. The second chapter covers the shooting modes (Samsung, 1995-2003). This covers size, quality, ISO sensitivity, white balance, picture wizard, AF mode, AF area, MF assist, optical image stabilization (OIS), drive (shooting mode), flash, metering, smart range, selective color, color space, exposure compensation, and video function. The third chapter is playback/editing. This chapter covers searching and managing files, viewing photos, playing videos, and editing photos (Samsung, 1995-2003). The fourth chapter covers the wireless network. This covers connecting to a WLAN and configuring network settings, saving files to a smart phone automatically, sending photos or videos on a TV Link-enabled TV, sending photos using WiFi Direct, and about the wake on LAN (WOL) feature. The fifth chapter covers camera settings menu. This covers user settings, setting 1, setting 2, setting 3, and GPS. The sixth chapter covers connecting to external devices. This covers viewing files on an HDTV or a 3DTV, printing photo, transferring files to your computer...

Words: 562 - Pages: 3

Free Essay

Baggy Pants

...situations.  For example, many places of business clearly state that service or entrance to the establishment can be refused if no shirt or shoes are worn.  Is it not true one cannot appear in court in front of a judge while wearing shorts or flip-flops or even a hat?  Don't many employers require their employees to wear certain types of clothing or uniforms while on the job?  So what's the difference between a school banning baggy pants and an employer not allowing sneakers at work?  There is none.  After all, we are talking about children who are being told what the appropriate attire to wear while attending school.  The ban does not and should not extend outside of school.   Now to the main reason why baggy pants are banned - indecent exposure, which in turn can lead to the distraction of other students.  Where do we draw the line on decency?  What's decent or fashionable for some people may be considered vulgar and indecent to others.  So why even bother arguing what's decent and what is not?  It's somewhat irrelevant in my opinion because if we accept the fact that as an institution, it has the right to set standards on what it feels is acceptable and appropriate attire while attending school, then whether it's decent or not doesn't really matter after that point.  Courts do it.  Businesses do it.  So why not schools? Can a person argue that wearing no clothing at all is also a form of free speech? I believe so but there’s a place and time for when it’s appropriate. If society...

Words: 516 - Pages: 3

Free Essay

Theory of Knowledge Guide

...“What I tell you three times is true.” (Lewis Carroll) Might this formula – or a more sophisticated version of it – actually determine what we believe to be true? Repetition is our way of learning knowledge. Repetition is drilling something to memory, reinforcing the idea in our heads. It is the key to reflexive use (use without conscious thought). Your mind “learns” by repetition and reinforcement. Repetition and its effects on what we believe to be true, play a major role in the way that we accumulate general knowledge. The formula implies that repetition is equal to truth, when really repetition is just repetition. Repetition does not make a statement the truth. But a statement, if repeated often enough, can come to be accepted as truth. This leads us to the question whether a lie can be accepted as truth. From the standpoint of logic, the number of times an incorrect fact is repeated is irrelevant. It is still false. But research has shown that a statement, even an incorrect fact, if repeated often enough, can be accepted as truth. This paper will examine several research studies, influencing variables, and examples from everyday life to identify this occurrence. In addition to this, the possible effects of repetition will be discussed as well. One of the simplest ways to show how repetition causes a statement to be accepted as truth is gossip. First, someone tells a friend a statement, which can be true or false. This friend tells another friend, who tells another...

Words: 1530 - Pages: 7

Free Essay

Best Comments

...honor themselves as reasonable humans. They need to establish and submit rules, laws and regulations that would prevent them from getting into trouble. Everyone needs to recognize the real sense of life, distinguish good from bad, right from wrong, because everything seems to be good but everything is not really useful. Jonathan, I also believe that the lack of moral education cause women expose themselves too much, attract and incite men desire, infant their sensational rage, and finally lead to kidnapping, rapist, and murder. As an example from the bible, in the ancient time, king David from its palace lust after the wife of someone else, and finally killed her husband so he could have her, because that women’s indecent exposure in a river. Indecent exposure (baggy/saggy pants) is not a funny topic. Freedom of speech is not freedom to do...

Words: 555 - Pages: 3

Free Essay

Motion Analysis

...Sequence: https://vimeo.com/patrickclair/truedetective I chose True Detective’s main title sequence because it portrayed a style that I had never really seen before in motion. It contains photographic double exposure which have always peaked my interested with photography. However, Antibody studios took fragmented portraits, created using human figures as windows into partial landscapes, and gave them new meaning to show how characters are marginalized or internally divided through the double exposure. The double exposure photography combined with movement of film in a different opacity creates interesting compositions with formal and informal balance. Even though there isn’t much motion or special effects in the piece the viewer experience is not effected in anyway. The contrasting balance between large double exposure photographs with unknown content and minimal typography make the viewer want more, which is exactly what an opening title sequence should do. Keeping the viewer invested is the most essential element of a successful title sequence and this piece does just that. The opening title sequence sets the tone and mood for the TV show. True Detective is a thriller murder mystery that is dark and twisted and the grungy dark textures combined with the double exposures in contrasting space embody the feeling of the show. I believe True Detective’s title sequence speaks for itself and needs no improvement. Its popularity and visual appeal could agree as well because it received...

Words: 258 - Pages: 2

Free Essay

Social Vices

...Vol. 7(31), pp. 3078-3089, 21 August, 2013 DOI: 10.5897/AJBM12.1193 ISSN 1993-8233 © 2013 Academic Journals http://www.academicjournals.org/AJBM African Journal of Business Management Full Length Research Paper Social vices associated with the use of Information Communication Technologies (ICTs) in a Private Christian Mission University, Southern Nigeria. Omonijo, Dare Ojo1*, Nnedum, Obiajulu Anthony Ugochukwu2, Fadugba, Akinrole Olumuyiwa3, Uche, Onyekwere Chizaram Oliver4 and Biereenu-Nnabugwu, Makodi5 Department of Student Affairs, Covenant University, P. M. B. 1023 Ota, Nigeria. Department of Psychology, Nnamdi Azikiwe University, P. M. B. 5025 Awka, Nigeria. 3 Department of Business Management, Covenant University, P. M. B. 1023 Ota, Nigeria. 4 Department of Religion and Human Relations, Nnamdi Azikiwe University, P. M. B. 5025, Awka, Nigeria. 5 Department of Political Science, Nnamdi Azikiwe University, P. M. B. 5025, Awka, Nigeria. 2 1 Accepted 6 August, 2013 This study is designed to address social problems associated with Information Communication Technologies (ICTs) and implications they portend on studentship in a Private Christian Mission University, Southern Nigeria. It tries to find out how the engagement of ICT devices results in social vices on campus. Drawing from recorded data between 2006 and 2012 academic year, the study reported six ICT tools associated with eight social- ills. Relying on raw data of 900 students disciplined within this period, the study...

Words: 9381 - Pages: 38

Free Essay

Be Stupid

...Jamie O’Neal October 22nd, 2014 Eng 112-02 Be Stupid (it’ll be fun) Diesel’s ad campaign “Be Stupid” is award-winning, simple and to the point. It portrays a proposed way of life with visual metaphors of stretching boundaries and breaking the rules to have more fun. This specific ad shows a man’s lower half clothed in Diesel jeans with a bare-legged female crawling on top of him and another scantily clad female underneath the bed, hiding and covering her mouth. Diesel seems to be trying to encourage and celebrate being “stupid” as a new way of life that is against the status quo of an uptight society. All of the ads are of young and attractive people doing some kind of an illegal, sexual or shocking act. Though this campaign was thought to be pure gold by its creators and even by the Cannes International Advertising Festival, it was banned in the UK with good reason. This advertisement specifically, along with most of the others is inappropriate for children, offensive and encourages distasteful and rebellious behavior. Diesel had a good technique in targeting a specific audience with this campaign by making all of the taglines encouraging for the youth to take chances and not to fear failure, but pairing that message with images of girls flashing cameras or hiding half naked under beds is where it goes south. Every single ad in this campaign is portrayed by a young person, being close to naked or doing something sexual. When children see this being celebrated, it tells...

Words: 654 - Pages: 3

Premium Essay

Summery

...Article Summaries Part 2 Carrie Wilson Client Perceptions of Therapy Component Helpfulness in Group Cognitive-Behavioral Therapy for Anxiety Disorders. The objective of this study was to evaluate the helpfulness of group cognitive-behavioral therapy in patients with anxiety disorders. The treatment required participants to be highly motivated and willing to endure unpleasant emotional states. The treatment encouraged participants to challenge long standing maladaptive beliefs. The researchers used archival data of 48 participants who completed clinical trials at University training clinic. They recruited participants by advertising in local newspapers and by obtaining referrals from mental health professionals. Participants were required to be at least 18 years old and were varied in relation to sex, race and marital status. After an interview, participants were involved in a feedback session. There were a total of twelve weekly therapy sessions. They used several different approaches to measure their findings. One was the ADIS-IV Diagnostic interview. There was also a therapy helpfulness questionnaire and a treatment credibility scale. They concluded that individuals with social phobia seems to benefit the most from CBT. CONTRIBUTION OF ART THERAPY IN THE TREATMENT OF AGORAPHOBIA WITH PANIC DISORDER. The objective was to examine how art therapy could assist in psychotherapeutic treatment of patients with anxiety disorders. There were seven participants between the ages...

Words: 626 - Pages: 3

Premium Essay

Indecent Exposure

...Act of Indecent Exposure Student University Act of Indecent Exposure Indecent exposure is the intentional display of one’s body or body part to the public. The displayed body part is contrary to the recognized, normal and acceptable standards of behavior and morals of that particular community’s public. For exposure to be considered indecent there must be an intent to alarm, annoy, shock or insult the public and should be done for the gratification of the offender. For example, a woman breastfeeding a baby in public is not considered indecent exposure because of the intention and the public is not alarmed by this act. Indecent exposure varies from community to community. An act considered indecent in the strict Asian and Arab countries may not be so in Europe and the Americas. For most of the communities, intentional public display of one’s genitals is considered indecent exposure. Not all communities and countries have legislated laws and rules governing indecent exposure. Those that have such laws differ in setting, prosecution and penalties for conviction in indecent exposure behavior. In most cases the conviction to indecent exposure behavior or act results to imprisonment not exceeding three years, a fine or both. Repeated acts of indecent exposure may result in severe punishment and in most cases is considered a criminal offense or felony. Determining what is considered indecent exposure depends on different variables and settings. Therefore...

Words: 343 - Pages: 2

Free Essay

Answers

...1.|According to the two-factor theory, the two basic components of emotions are ________ and ________.| A)|facial expressions; a cognitive label| B)|emotion-arousing events; physical arousal| C)|physical arousal; overt behavior| D)|a cognitive label; physical arousal| 2.|People who become blind eventually experience ________ levels of day-to-day happiness. Those who become paralyzed eventually experience ________ levels of day-to-day happiness.| A)|above-normal; below-normal| B)|below-normal; above-normal| C)|above-normal; above-normal| D)|near-normal; near-normal| 3.|The idea that an emotion-arousing stimulus is simultaneously routed to the cortex and to the sympathetic nervous system is central to the:| A)|James-Lange theory.| B)|relative deprivation principle.| C)|two-factor theory.| D)|Cannon-Bard theory.| 4.|Test performance is typically ________ when physiological arousal is ________.| A)|best; moderate| B)|worst; moderate| C)|best; very low| D)|best; very high| 5.|As her professor distributed the mathematics test to the class, Blair's heart started to pound and her palms began to sweat. These physiological reactions were activated by her ________ nervous system.| A)|sympathetic| B)|central| C)|somatic| D)|parasympathetic| 6.|Which division of the nervous system calms the body after an emergency has passed?| A)|somatic| B)|central| C)|sympathetic| D)|parasympathetic| 7.|Mentally rehearsing one's resentments contributes...

Words: 2412 - Pages: 10