Philips’ new FX risk management policy

As a big Dutch multinational, Philips is certainly not immune to the risks of global exchange rates. Fluctuations between different currencies have a significant impact on the incomes and financial statements of this diversified technology company. Hedging currency risks is done at group level and for the Group Treasury this represents a drastic operation.

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A new interest-rate risk framework for BNG Bank

In the Netherlands, the local government and institutions with a public interest are able to borrow from BNG Bank against low rates. The bank was set up specifically for this purpose and, as a result, the cost of public amenities for citizens is lower. Of course, a significant share of BNG’s balance sheet is sensitive to changes within financial markets, including developments in interest rate curves. For the bank it is therefore important to have an adequate interest rate risk framework.

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Hedging Accell Group’s active value chain

Accell Group is internationally active in the middle and higher segments of the market for bicycles, bicycle parts and accessories. Yearly, it sells around 1.7 million bikes in more than 70 countries. Being big and internationally active means that it’s important for Accell Group to hedge both interest rate risk and FX risk.

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IOM’s roadmap to an improved treasury

The International Organization for Migration (IOM) is the principal intergovernmental agency in the field of migration. Due to increasing migratory flows over the past decade, which have escalated in recent months, the organization realized that its treasury needed a transformation in order to continue supporting the organization and its cause.

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New financing for special potato products

Lamb Weston/Meijer’s refinancing for growth

In 2014, Lamb Weston/Meijer, a major manufacturer of potatoes with roots in both the US and the Netherlands, decided to expand its capacity with a new production line for its specialty products. Arranging the necessary financing provided a good opportunity for evaluating its cooperation with existing finance providers.

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