211. Advanced FX Risk Management at Drager


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By Ira Apfel, Association for Financial Professionals: Treasury, and Finance Professional. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Drager is a leading manufacturer for medical and safety technology products, employing more than 15,000 people worldwide. The company generates revenues of around 2.8 billion Euros, 55% of it in foreign currencies. Drager's portfolio of foreign currencies requires reliable data processing in a highly automated, cost-effective and flexible manner. Until the end of 2019, FX exposures were computed in a highly manual and time-consuming, spreadsheet-based process.

To improve data availability and reliability, Drager automated data processing and the calculation of exposures. Additionally, Drager automated the exposure planning process and created a cost-efficient hedging portfolio. The project was so successful that Drager is one of the finalists for the AFP 2020 Pinnacle Award. In this episode of AFP Conversations, Frank Freitag, Controller of FX Risk Management for Drager, discusses his company's groundbreaking solution.

This year the treasury and finance community gets to select the winner of the Pinnacle Awards, sponsored by MUFG. Our three finalists will be voted on and one Grand Prize Winner will be selected. That Grand Prize Winner will be announced during the AFP 2020 Virtual Experience.

To learn more about our other finalists and to vote for the Pinnacle Awards Grand Prize Winner, visit www.afp2020.org/pinnacle.

223 episodes