Unhedged borrowers definition
Unhedged borrowers means retail and SME borrowers without a natural or financial hedge that are exposed to a currency mismatch between the loan currency and the hedge currency; natural hedges include in particular cases where borrowers receive income in a foreign currency (e.g. remittances/export receipts), while financial hedges normally presume that there is a contract with a financial institution.
Unhedged borrowers means borrowers without a natural or a financial hedge. Natural hedges include in particular the cases where borrowers receive income in foreign currency (e.g. remittances/export receipts). Financial hedges normally presume a contract with a financial institution.
Unhedged borrowers means borrowers without a natural or financial hedge which are exposed to a currency mismatch risk. Natural hedges include, in particular cases where borrowers receive income in foreign currency (e.g. remittances/export receipts) while financial hedges normally presume a contract with a financial institution.