The exchange rate risk associated with the $2.5 billion global equity portfolio of Medibank Private, Australia’s largest private health insurer, will now be managed by Bloomberg’s foreign exchange (FX) trading platform, The Asset reports. Bloomberg Professional service’s FXGO function will manage Medibank’s FX risk, execute FX trades and get requests for quotes (RFQs) in spot, forwards, swaps, options and deposits.
Medibank also uses Bloomberg Professional service to research global news, data and analytics to hedge their interest-rate risk. Through FXGO, FX risk management becomes intuitive, seamless and cost-effective. Corporate executives are able to get prices from their preferred banks, execute trades and integrate with their order management, risk management and back office systems, all on one platform.
Click here for the story from The Asset.