Examples of using Hedging programme in English and their translations into Russian
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Official
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Colloquial
Hedging programme-- premiums.
OTHER EXPENDITURE Hedging Programme- Premia.
The hedging programme does not apply to contributions received for other resources.
OTHER EXPENDITURE Hedging programme-- premiums.
Furthermore, there are opportunity costs associated with a hedging programme.
At the same time we implemented our hedging programme to cover all non-scalable capex for 2014 and 2015.
Does your organization implement a hedging programme?
Establishing a hedging programme will change how budget rates are established with respect to the recosting process.
The United Nations should institute a hedging programme for its regular budget.
The United Nations is exposed to certain risks that cannot be mitigated through an effective hedging programme.
A hedging programme is time sensitive and would have to be initiated at the same time as the budget is approved and exchange rates are established.
In the case of UNFPA, UNDP treasury administers the hedging programme in exchange for a fee.
A currency hedging programme concentrated only on those currencies that represent the most risk to the budget(Swiss franc and euros) was therefore recommended.
The Panel also recommends that the United Nations institute a hedging programme for its regular budget.
A robust hedging programme would need a robust risk management and accounting system, requiring resources that have yet to be determined.
The surveyed organizations have also noted that the overall effectiveness of a hedging programme increases when the relevant tools and capabilities are available.
As indicated, the hedging programme would not ensure savings, but only provide certainty as to the exchange rate that would be applied in the future.
Reducing the variances between its forecasts andactual expenditures would enable the Secretariat to implement a regular hedging programme to further reduce recosting risk.
If a hedging programme is to be initiated, it will be necessary to reconsider certain aspects of the recosting proxy such as the methodology and the timing for establishing exchange rates.
In addition, the Company succeeded in growing its share of debt denominated in RUB equivalents to 90%,by raising loans in Russian roubles and implementing its hedging programme.
This would entail undertaking a hedging programme based on a currency forward mechanism as a means of protecting the Organization from movements in exchange rates.
However, the Secretary-General does not elaborate on the administrative costs orrisks associated with a currency hedging programme, as referred to in paragraph 99 of the performance report.
In addition, the report offers only one option, a hedging programme, for covering the exposure of the Organization to fluctuations in two currencies, the Swiss franc and the euro.
In the view of the Panel this limitation, inter alia, has an impact on the Secretariat's ability to accurately monitor cash requirements andlimits any potential hedging programme.
A hedging programme that constitutes 100 per cent of the programme budget is not recommended as there is often a differential between forecast and actual expenses.
UNFPA outsources to United Nations Development Programme(UNDP) Treasury the management of itsforeign exchange operations(hedging transactions); UNDP administers the hedging programme in exchange of a fee.
In addition, the Panel proposes that the Organization institute a hedging programme for its regular budget, thereby reducing the variances between its forecasts and actual expenditures ibid., paras. 64-66.
While split assessments offer the benefit of minimizing exchange rate effects over budget cycles,the Secretariat could more effectively manage the risk through a regular hedging programme.
The Committee notes the Secretary-General's statement that a hedging programme would need a robust risk management and accounting system, requiring resources that have yet to be determined.
The Secretariat should reduce the frequency of recosting moments and, as variances between estimates andactual costs decrease, further mitigate recosting risk through a regular hedging programme.