First hedging deal transacted

19 September 2013
The Phnom Penh Post
Economic policy and administration / Economy and commerce / Energy / Imports / Non-renewable energy production / Oil and gas resources / Trade
ANZ Royal Bank / Chea Serey / Grant Knuckey / National Bank of Cambodia (NBC)

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

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