Global Marine Partners Harvard Case Solution & Analysis

Not often, when one decides are the results so quickly understand! Back in July 1998, when the exchange rate was JPY145 (Japanese yen) to the U.S. dollar, Charles Bobin, treasurer Global Partners Marine decided to use currency options to hedge against the potential impact of the yen created by the signing of an agreement between the Global Maritime Distress and major Japanese shipbuilders to buy two new VLCCs (very large crude carriers). Now, with the yen / US dollar exchange rate in the range of 140, the decision seems to have been correct. However, the reel has not been able to rest on their laurels. The number of people interested in what is to be done now to take advantage of profit in the option position. One suggestion was to sell existing versions and replace them with new ones. Of course, the reel can just keep the options. He was also concerned about the accounting of these parameters with the Financial Accounting Standards Board (FASB) new approach to derivatives. "Hide
by Brandt Allen, Robert M. Conroy Source: Darden School of Business 8 pages. Publication Date: March 31, 2004. Prod. #: UV2455-PDF-ENG

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