Currency risk and COFACE: Difference between pages

Latest revision as of 15:12, 27 September 2023

France.

Compagnie Française pour l'Assurance pour Commerce Extérieur.

Also written 'Coface'.

French based international credit insurer.

Following privatisation by the French government it is owned by the Natixis bank group.

In 2017, its role as the French state export credit agency was transferred to Bpifrance.

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-The risk of losses or other adverse effects resulting from a change in a foreign exchange rate, or from other unfavourable changes in relation to a foreign currency.
+''France.''
-Examples include:
+Compagnie Fran&ccedil;aise pour l'Assurance pour Commerce Ext&eacute;rieur.
-(i) a final receipt/payment of a different amount of domestic currency equivalent, than expected when a currency transaction was committed to (transaction risk), or
+Also written 'Coface'.
-(ii) a change in asset/liability values in a balance sheet, profit/loss in an income statement (translation risk), or
+French based international credit insurer.
+Following privatisation by the French government it is owned by the Natixis bank group.
-(iii) a change in competitiveness as rates change relative to buyers, suppliers or competitors (economic risk).
+In 2017, its role as the French state export credit agency was transferred to Bpifrance.
-A more complex area of risk concerns contingent, or pre-transaction risk.
+==See also==
+* [[Bpifrance]]
+* [[Export Credits Guarantee Department]]
+* [[Exports]]
-Also known as Currency exposure or Foreign exchange risk.
+[[Category:Trade_finance]]
-== See also ==
-* [[Contingent risk]]
-* [[Cross-currency interest rate swap]]
-* [[Foreign exchange risk]]
-* [[Transaction exposure]]
-* [[Translation exposure]]
-===Other links===
-[http://www.treasurers.org/node/5281 Currency risk, Will Spinney, ACT 2009]
-[[Category:Manage_risks]]