“Risks related to currency options” – TVN CNBC Business, 2 January 2009
Adam Jabłoński, Partner at FIDEA Corporate Finance, was interviewed by TVN CNBC Biznes. As an expert on financial markets, he commented situation related to currency options entered into by numerous Polish companies and discussed possible ways to solve this massive problem.
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“PZU share price is falling” – Rzeczpospolita, 29 January 2009
In the article Rzeczpospolita journalist tries to determine reasons of big discrepancies in PZU valuation over last agreement offer made by Eureko to the Treasury. Marek Dojnow was one of investment bankers asked for comment in this matter.
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“Who plays what in the currency casino” – Forbes, 01/2009
In January 2009 issue of Forbes magazine there is an article “Who plays what in the currency casino”. It mentions a project in which FIDEA helped Erbud optimize the unwinding of options and limit the growing loss transpiring from these contracts. The excerpt from the article is presented below:
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“A chance for companies with FX options” – Rzeczpospolita, December 19th 2008
On December 19th 2008 Rzeczpospolita published an article “A chance for companies with options”. The excerpt from the article is presented below:
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“Does the negative valuation of options aggregate to PLN 10-11 billion?” – Parkiet, December 19th 2008
On December 19th 2008 Gazeta Giełdy Parkiet published an article “Does the negative valuation of options aggregate to PLN 10-11 billion?”. The excerpt from the article is presented below:
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“Speculation on options finishes Zloty off” – Gazeta Prawna i portal forsal.pl, December 18th 2008
On December 18th 2008 Forsal.pl published an article “Speculation on options finishes Zloty off”. Excerpts from the article are presented below:
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“A special fund for losses from options is needed” – Puls Biznesu, December 18th 2008
On December 18th 2008 Puls Biznesu published an article “A special fund for losses from options is needed”. Excerpts from the article are presented below:
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“Fidea: The Treasury should help companies limit losses transpiring from options” – Internet Securities Businesswire, December 18th 2008
On December 18th 2008 Internet Securities Businesswire agency published an article “Fidea: The Treasury should help companies limit losses transpiring from options”. Excerpt from the article is presented below:
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FIDEA advises companies which have been affected by losses from derivative transactions and hints that the Government establish special fund which will help systematically resolve financial problems of companies and banks connected with this issue
Companies that entered into unfavourable options should not wait passively. Financial loss can be minimized by such measures as i.a.: adjusting delivery date of contracts, optimal choice of financial instrument eliminating currency risk, agreeing a longer debt repayment schedule, partial write-off of financial indebtness, debt to equity swaps or negotiating particular financial terms with banks. Ministry of Economy should consider launching a special fund aiming at refinancing of losses transpiring from options – FIDEA Corporate Finance experts suggest.
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