Banks offer hedging business

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)