Ten hard questions to ask or be asked
| 1 | Are there overseas markets which we should be tapping? If not, why not? |
| 2 | What exchange rate was used (e.g. current spot, yesterday’s rate, end-period, average)? |
| 3 | What could move the exchange rate? Is the rate floating, fixed, dirty? |
| 4 | How will this transaction/position be affected by a 1% change in the exchange rate? |
| 5 | Is this transaction/position covered (matched, hedged, etc.)? How? At what cost? |
| 6 | Have there been exchange rate movements which affect the underlying position but which are not reflected in the accounts? |
| 7 | Could there be any unexpected taxes, duties or other levies? |
| 8 | Are there any foreign government regulations which will limit our freedom of action? Could new laws or regulations be introduced? |
| 9 | Are ... |
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