First hedging deal transacted
ANZ Royal Bank has transacted a landmark commodities hedging deal with a local oil importer, officials at the bank said yesterday.
The deal allows the company, whose name ANZ Royal would not disclose, citing confidentiality agreements, to lock in an agreed price for the future sale of the product.
Cambodia imports all of its oil, and companies, not to mention consumers, are susceptible to global price fluctuations. …
Daniel de Carteret
http://www.phnompenhpost.com/business/first-hedging-deal-transacted
