The hedge costs explosion


Corporate treasurers have had a lot to think about over the past year. Rock-bottom interest rates have made it a good time to refinance or issue new debt, triggering a spate of major capital markets deals and swap activity off the back of it. At the same time, high volatility for much of the past year, combined with major shifts in exchange rates, has left some companies looking to review hedging policies and restructure under-performing hedges.

Banks have looked to take advantage of this opport

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