Clients of CIBC FirstCaribbean recently received first-hand expert advice on the latest hedging techniques during a series of seminars featuring, Eric Ohayon, Managing Director of foreign exchange, interest rate and commodity structuring for CIBC in Toronto.
Ohayon travelled to Barbados, Trinidad, The Bahamas and Jamaica to deliver his interactive presentation to leaders from corporate, financial institutions and government agencies who are seeking to reduce their risk to adverse price movements in financial markets. He explained that there was a widely held misconception that a firm must have large volumes of cash to invest in hedging strategies.
“Every business needs to look at hedging at some point. Hedging is trying to reduce the impact that volatility in financial market can have on cash flow and a company’s profitability,” he said.
Ohayon, who holds over 20 years’ experience in foreign exchange, interest rate and commodity structuring, also compared traditional forward contracts with option strategies, demonstrating why the latter approach was better suited as they provide flexibility and allow for price improvement participation.
Martin Peichl, Head of CIBC FirstCaribbean’s Client Solutions Group, stated that through partnership with CIBC, CIBC FirstCaribbean will continue to provide tailored solutions aimed at reducing clients’ financial exposure that take into consideration their unique circumstances.