Turkcell rolls out SuperDerivatives

Turkcell rolls out SuperDerivativesSuperDerivatives® has licensed its SD-FX™ foreign exchange pricing system to leading Turkish mobile phone company Turkcell. Turkcell, which is the only Turkish company with a dual listing on the New York Stock Exchange, says it uses SD-FX for its currency hedging and risk management purposes.“SD-FX allows us to check market prices for all the options we want to use before approaching our counterparty banks. It really speeds up the process of pricing and then transacting our hedging strategies,” says Murat Erden, head of treasury at Turkcell. “SD-FX is extremely flexible and it has all of the type of structures we make use of, such as dual currency deposits. It has also injected transparency into the options market and played a significant role in helping a domestic market develop in Turkey,” concludes Erden....continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here