Hanwha Ocean increases hedging ratio after selling over a billion dollars in forward exchange contracts.20
Hanwha Ocean sold over a billion dollars in forward exchange contracts in the Seoul foreign exchange market on a specific date in the month, increasing its hedging ratio. This sale follows an additional sale of a billion dollars on a date from the previous month. The company decided to raise the hedging ratio to over a certain percentage last month and has continued large-scale hedging activities.7 13 20 7 10 20 70
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Hanwha Ocean sold over a billion dollars in forward exchange contracts on a specific date in the afternoon in the Seoul foreign exchange market, increasing its hedging ratio. This is a measure to strengthen the company's foreign exchange risk management.7 13 20
This sale is a large-scale sale executed again five days after a previous sale on a specific date. A sale of approximately a billion dollars in forward exchange contracts was also made on a date in the month.7 10 7 10 20
The company decided to raise its hedging ratio to over a certain percentage last month. Since the decision to increase the hedging ratio, large-scale forward exchange contract sales have been continuously repeated this month.70
Recently, the daily selling volume was reported to exceed approximately one hundred million dollars as of the date in the month.13Details regarding specific contract expiration structures or counterpart information were not confirmed in the reports.7 10 20
Hanwha Ocean's consecutive foreign exchange forward sales reflect changes in the company's currency position and a shift in hedging strategy. The company is continuing relevant transactions after increasing the hedging ratio as per its public decision.
To date, the company has not separately announced additional materials or detailed disclosures. It seems that detailed information will be confirmed once relevant announcements are made.
Sources: 연합인포맥스
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