Ravi Chopra
Ravi Chopra

How Juniper Networks turned its FX Hedging activity into a straight through process.

First Published: e-Forex Magazine 22 / Case Study / January 2006

For most corporates, speculative gain on FX activity is not a key part of the corporate business model, so the pressure is always on corporate treasury to reduce the costs of processing FX transactions. At the same time, anything that frees up treasury staff from manually processing FX to focus on more strategic risk management activities is also welcome. Ravi Chopra, senior treasury manager at Juniper Networks, explains to e-Forex how Juniper accomplished both these objectives by turning its FX hedging activity into a straight through process.For most corporations of any size, improving STP in payments and receivables has long been a major objective. By contrast, introducing STP into FX transactions has historically been a rather lower priority. However, for corporations with even a relatively low level of FX exposure there are a number of areas of FX activity that can benefit from STP, including international payments, subsidiary funding and of course FX hedging.At Juniper we have implemented STP for all...continued

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