"Redbridge brought the experience and guidance required for this project, whilst approaching it in a very collaborative way… ready to roll the sleeves up with us. As a result we got the right outcome in the right timeframe."

Ben Hall
Director of Group Finance

Engagement overview

  • Review exposure profile and support revised hedging policy
  • 21 currencies and Global scope.
    Range of ship management and marine services with varied currency profiles.
  • Hedging horizon: 3 years

Objectives

  • Identify & analyse significant FX transactional exposures faced by V.Group
  • Assist management in redefining the FX risk appetite of key stakeholders
  • Prepare an implementation roadmap for the new FX risk management policy

 

Results

  • Revised transactional FX risk management policy in line with current business circumstances and key stakeholders’ risk appetite
  • Clear policy implementation roadmap
  • Guidance on operational improvements in Treasury

Methodology

  • Data analysis to identify significant FX transactional exposures to V.Group
  • Stratification of FX exposures by homogeneous characteristics (e.g. “known” versus “highly probable”, by line of business, by predictability of currency flows etc.)
  • Scenario planning of stratified FX cash flows to provide an indication of exposure under specific policy parameters and assist management determine their required risk appetite parameters.
  • Documentation of the new FX risk management policy
  • Preparation of a roadmap to align existing hedges in place to the new FX Treasury Policy
  • Documentation and communication of other potential improvement areas identified

Value added by Redbridge

  • Project management in collaboration with senior management and operational teams
  • Tight schedule control and adherence to agreed timeframe
  • Experienced project team with suitable seniority level
  • Key stakeholders’ expectations management
  • Deep knowledge and expertise in treasury FX strategy and operational treasury best practice

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