by Kasper Krebs Jensen, Global Trade Finance Advisor, Nordea
Companies do not always appreciate the bigger picture when it comes to the risks involved in international deals — or the trade finance products that can be used to mitigate these risk exposures.
At Nordea, we have seen our customers increasingly formalise their financial policies. As a result, many improve their capability to manage risks, particularly when it comes to international trade.
In a Nordea survey on hedging1, 86% of CFOs and group treasurers at many of the major companies in the Nordic and Baltic region told us they had a formal treasury policy. Surprisingly, however, 28% admitted they did not update the policy annually.