CHARITY

As a UK charity, we had been pledged a series of US dollar donations from a family office, to be received in agreed instalments over a two-year period.

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While these donations represented an important source of funding, we had received little guidance from our bank or previous FX provider on how best to manage the currency risk associated with the future receipts.

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Following a thorough review of our requirements, Richard and Mark developed a structured forward hedging programme, which they presented personally to our board.

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Once approved, they took responsibility for coordinating the execution and reporting of the programme, working directly with our Finance Director. Importantly, they also built flexibility into the arrangements, allowing for additional transactions when market conditions presented opportunities.

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As the US dollar donations arrived, Richard and Mark coordinated the currency conversions, ensuring the resulting sterling proceeds were reconciled, reported and transferred efficiently. They remained closely involved throughout, providing clear communication and ongoing support at every stage.

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The programme gave us greater visibility over the sterling value of our future funding, allowing us to plan our expenditure with more confidence.

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Knowing that our currency requirements were being managed with care, transparency and a clear understanding of our objectives provided considerable reassurance.

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As a charity, where every pound really does make a difference, this level of service and expertise has been invaluable.