Banks offer hedging business

JAKARTA (JP): ABN AMRO Bank, the Netherlands-based international bank, held a treasury seminar entitled Hedging Forex and Interest Rates at the Grand Hyatt hotel over the weekend.

The bank's manager for Indonesia, C.J. de Koning, said that the seminar was conducted to meet his customers' needs on treasury products which are especially designed to minimize foreign exchange and interest rate risks.

"The need for knowledge on these products becomes more urgent as the present day volatility of foreign exchange and interest rates becomes more difficult to be accurately predicted," said Koning.

A number of multinational banks and corporations, including Citibank, Hongkong Bank and Merrill Lynch, have recently conducted seminars on hedging of foreign exchange, futures trading and capital market in Jakarta. (kod)