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An Award-Winning Project to Optimise Currency Risk Management

Currency Risk Management

The growth of Dow Corning's business meant that its processes for dealing with the greatly expanded treasury activities, especially managing foreign currencies, were inadequate. An award-winning treasury infrastructure was implemented to meet these needs.

Key Points

  • The growth of Dow Corning's business meant that its processes for dealing with the greatly expanded treasury activities, especially managing foreign currency, were inadequate
  • The company planned an integrated treasury infrastructure to meet current and future needs, mainly made up of five key components
  • A Lean Six Sigma approach was taken to project management, and the project took around two years in total, being completed in 2014
  • The outcomes, including significant cost savings, and the factors contributing to success.

 

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Written by:

expert

Srikanth Dasari

Dow Corning Corporation

Head of Treasury Front Office

This article is available as part of an extensive case studies collection: Risk Management Series

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Corporate Case Studies

Best practice articles written by CFOs and treasurers with real world experiences. Our case studies provide practical insights into the key issues that affect the day-to-day running of a treasury department.

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