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Shane Carroll, Derivatives Strategist at Societe Generale, explains the

18/08/2015

Shane Carroll, Derivatives Strategist at Societe Generale, provides insights on the expected corporate hedging losses in an article published on Asia Risk website.

"In 2014, the yuan sell-off didn't cross the average European knock-in (EKI) on the street but the volatility was enough to reduce popularity of this product for a while. Since March, though, popularity has returned, given how stable spot was and the perception that the PBoC was intent on maintaining this. Notional amounts are significantly lower than in 2014 but this spot move is also significantly larger."
Shane Carroll, Derivatives Strategist at Societe Generale

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