RMB urges businesses to hedge against exposures

Makhupe
Makhupe

Rand Merchant Bank Botswana (RMB), a division of First National Bank Botswana (FNBB), has implored businesses to use hedging instruments to manage risks associated with interest and foreign exchange rates and commodity prices.

Hedging is defined as a risk management strategy used in limiting or offsetting probability of loss from fluctuations in the prices of commodities, currencies, or securities. In effect, hedging is a transfer of risk without buying insurance policies.

RMB officials at a risk management workshop held in Gaborone on Wednesday, discussed hedging instruments available in other African countries, cross-border banking in Africa and methodology when executing large hedges.

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