New Risk Management Program

First of its kind

Provided combined protection against HWs currency
risks along with other traditionally insurable risks
Multi-year
Insurance based
Integrated risk management program
Would extend its innovation into the financial arena

Features
Traditionally insured risks should be consistent with
currency risk management program
Monthly cross-functional meeting to interact with two
groups to understand the others tasks
Multi-specialty team: insurance unit + currency risk
management team
All members were named as member treasury
management team

Challenges
New program to provide..,
Equal or greater level of earnings protection
Total cost is less than existing program costs
Flexibility to incorporate additional risks in the future
Comply with all accounting standards
Finding optimal risk management structure