Market risk

ASC issues oral ruling on Brookfield, IPL and Pembina applications

Retrieved on: 
Tuesday, July 13, 2021
Swaps, Credit risk, Cricket, Sports leagues, Financial risk management, Market risk, Total return swap, Indian Premier League, Brookfield, Wisconsin, Sports

The applications related to competing proposals for IPL common shares by Brookfield (Brookfield Offer) and Pembina.

Key Points: 
  • The applications related to competing proposals for IPL common shares by Brookfield (Brookfield Offer) and Pembina.
  • The IPL and Pembina Applications concerned certain cash-settled total return swap agreements (Total Return Swaps) Brookfield entered into with a swap dealer (Swap Counterparty).
  • It concluded that Brookfield's limited disclosure regarding the Total Return Swaps adversely affected IPL shareholders and the IPL auction process.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Mesirow Named Currency Manager of the Year for the Second Consecutive Year

Retrieved on: 
Thursday, June 17, 2021
Foreign exchange market, Foreign exchange risk, International finance, Market risk

CHICAGO, June 17, 2021 /PRNewswire/ -- MoneyAge named Mesirow as Currency Manager of the Year at its 2021 Asset Management Awards for the second year in a row.

Key Points: 
  • CHICAGO, June 17, 2021 /PRNewswire/ -- MoneyAge named Mesirow as Currency Manager of the Year at its 2021 Asset Management Awards for the second year in a row.
  • "We're thrilled to receive this award again this year," said Joe Hoffman, CEO, Mesirow Currency Management.
  • With more than $113B in currency assets,* Mesirow Currency Management has been delivering innovative, customized currency solutions to institutional clients globally since 1990.
  • Mesirow Currency Management AUM reflects assets under management for both currency risk management products (passive and active management) and alpha and macro products.

Sasol Restructures Existing Oil Hedges and Increases the Hedge Cover Ratio for Oil for Financial Year 2022

Retrieved on: 
Wednesday, June 9, 2021
Market risk, Hedge, Price of oil, Barrel, Sasol, Economy, Financial markets, Units of measurement

The current hedging program consists mainly of put options and provides protection against oil prices decreasing to below approximately US$43,11 per barrel.

Key Points: 
  • The current hedging program consists mainly of put options and provides protection against oil prices decreasing to below approximately US$43,11 per barrel.
  • Following the recent material rise in the oil price, Sasol has been able to restructure and enhance its financial year 2022 hedging programme, ensuring cash flow robustness and protection against future oil price volatility.
  • The existing oil put hedges of 24 million barrels for financial year 2022, as reported in the Production and Sales Metrics ending 31 March 2021, have been restructured and replaced by a zero cost collar hedging structure.
  • The oil hedge cover ratio for financial year 2022 has also been increased by hedging an additional 18 million barrels or an incremental 4,5 million barrels per quarter.

Catalyst Funds Expands Partnership with Millburn Ridgefield Corporation to Launch Dynamic Commodity Fund

Retrieved on: 
Tuesday, June 1, 2021
Banking, Professional services, Finance, Hedge, Market risk, Investment funds, Commodity markets, Investment

Catalyst Funds, an alternative-focused mutual fund company, is pleased to announce their expanded partnership with Millburn Ridgefield Corporation (Millburn) by naming the global manager as sub-advisor to the Catalyst/Millburn Dynamic Commodity Strategy Fund (DCXIX) (the Fund).

Key Points: 
  • Catalyst Funds, an alternative-focused mutual fund company, is pleased to announce their expanded partnership with Millburn Ridgefield Corporation (Millburn) by naming the global manager as sub-advisor to the Catalyst/Millburn Dynamic Commodity Strategy Fund (DCXIX) (the Fund).
  • The Catalyst/Millburn Dynamic Commodity Strategy Fund trades under the tickers DCXAX, DCXCX, DCXIX.
  • The Fund was previously named the Catalyst Hedged Commodity Strategy Fund and had a different strategy and manager.
  • Catalyst Funds currently offers 21 distinctive funds that provide various strategies with the goal of producing income- and equity-oriented returns, while seeking to control risk and volatility.

EBA consults on institutions’ Pillar 3 disclosure of interest rate risk exposures

Retrieved on: 
Friday, May 28, 2021
Money, Finance, Interest rate risk, Market risk, Interest rate, Economy, Systemic risk, Basel II, IFRS 7

28 May 2021

Key Points: 
  • 28 May 2021

    The European Banking Authority (EBA) launched today a public consultation on draft implementing technical standards (ITS) on Pillar 3 disclosures regarding exposures to interest rate risk on positions not held in the trading book (IRRBB).

  • The draft ITS put forward comparable disclosures that would allow stakeholders to assess institutions IRRBB risk management framework as well as the sensitivity of institutions economic value of equity and net interest income to changes in interest rates.
  • The draft ITS propose qualitative disclosures on how institutions calculate their IRRBB exposure values based on their internal measurement systems and on institutions overall IRRBB objective and management.
  • They also provide quantitative disclosures about the impact of changes in interest rates on institutions economic value of equity and net interest income.

Autodesk, Inc. Announces Fiscal 2022 First Quarter Results

Retrieved on: 
Thursday, May 27, 2021
Market risk, Autodesk, Hedge, Revenue

Excluding the approximately $55 million impact of foreign currency exchange rates and hedge gains/losses, revenue guidance would be $4,250 - $4,330 million.

Key Points: 
  • Excluding the approximately $55 million impact of foreign currency exchange rates and hedge gains/losses, revenue guidance would be $4,250 - $4,330 million.
  • The second quarter and full-year fiscal 2022 outlook assume a projected annual effective tax rate of 16 percent for GAAP and non-GAAP results, respectively.
  • Autodesk will host its first quarter conference call today at 5 p.m.
  • To help better understand our financial performance, we use several key performance metrics including billings, recurring revenue and net revenue retention rate ("NR3").

AEGIS Hedging Expands Technology Capabilities with Acquisition of InstaNext

Retrieved on: 
Wednesday, May 26, 2021
Software, Technology, Networks, Data management, CTRM, Futures contract, Financial risk, Market risk, AEGIS, InstaNext, AEGIS, INSTANEXT

AEGIS Hedging Solutions (AEGIS or the Company), a leader in technology and expertise for commodity and rate hedging, announced today that it has acquired InstaNext, a leading provider of energy/commodity trading and risk management (E/CTRM) software.

Key Points: 
  • AEGIS Hedging Solutions (AEGIS or the Company), a leader in technology and expertise for commodity and rate hedging, announced today that it has acquired InstaNext, a leading provider of energy/commodity trading and risk management (E/CTRM) software.
  • InstaNext has transformed the delivery of E/CTRM software, said Bryan Sansbury, Chairman and CEO of AEGIS.
  • AEGIS enables companies to manage their commodity price and interest rate risk through leading software and advisory capabilities.
  • InstaNext is comprised of a team of software and technology experts in the fields of commodity trading, hedging, and risk management.

KraneShares Launches China Innovation Strategy While Expanding ETF Model Portfolio Offering to Leading Wealth Management Platforms

Retrieved on: 
Thursday, May 13, 2021
Investment, Market portfolio, Market risk, Exchange-traded funds, Invesco PowerShares

The portfolio dynamically adjusts weights to China and EM ex-China based on a proprietary, time-tested, and systematic methodology.

Key Points: 
  • The portfolio dynamically adjusts weights to China and EM ex-China based on a proprietary, time-tested, and systematic methodology.
  • The model can act as a comprehensive, stand-alone emerging market portfolio or as a complement to an existing strategy.\nKrane Dynamic China Growth Strategy provides investors core exposure to the brightest high-growth areas within China\'s economy.
  • Each of the ETF weights in the portfolio adjust according to a proprietary approach that evaluates real-time risk and reward trade-offs.
  • A prospectus containing this and other information with respect to any KraneShares ETFs that are a part of a model portfolio is available at www.kraneshares.com .

Globus Maritime Limited Announces Closing of $34.25 Million Loan

Retrieved on: 
Wednesday, May 12, 2021
Market risk, Foreign exchange market, Hedge, Forward-looking statement, Economy, Articles, Swaps, Financial economics

Additionally, we have also agreed to enter into interest rate swap transactions in order to hedge the exposure to interest rate fluctuations.

Key Points: 
  • Additionally, we have also agreed to enter into interest rate swap transactions in order to hedge the exposure to interest rate fluctuations.
  • Upon the completion of this transaction our bank debt stands at around $34 million, compared to total assets of the Company of around $144 million adjusted to reflect the market value of the six vessels.
  • Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication.
  • Globus undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this communication or to reflect the occurrence of unanticipated events.

ION Treasury named Best Risk Management System in bobsguide Awards

Retrieved on: 
Wednesday, May 5, 2021
Money, Finance, Economy, Financial law, Cash flow, Financial management, Treasury management, Market risk, Derivative, Risk, Futures contract, Hedge accounting

b'NEW YORK, May 5, 2021 /PRNewswire-PRWeb/ -- ION, the largest global provider of trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announced that it was named Best Risk Management System in the bobsguide Awards 2020.

Key Points: 
  • b'NEW YORK, May 5, 2021 /PRNewswire-PRWeb/ -- ION, the largest global provider of trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announced that it was named Best Risk Management System in the bobsguide Awards 2020.
  • ION Treasury was selected based on the robust choice of risk offerings that it provides to the marketplace, ranging from a standalone option, as part of an ION Treasury Management System (TMS), or as an independent valuation and hedge accounting service.\nION\'s risk management solutions aggregate exposures, incorporate hedge transactions, and track compliance against company-established interest rates, FX, commodity, and counterparty risk.
  • "We\'re proud that our domain expertise in derivatives, hedge accounting, and treasury and risk management serves as a trusted source of knowledge and support for companies around the globe.
  • We thank the end users and industry professionals that voted for ION Treasury in this important category.