FASB Statement no.133,
Accounting for Derivative Instruments and
Hedging Activities, issued in June 1998,
requires that companies report their derivatives
holdings at fair value and disclose the purpose
and effectiveness of their hedging strategy. For
most, the standard took effect January 1. A survey
of senior executives revealed how companies
planned to deal with it.
corporate executives concerned about how to
Keeping Derivative Strategy Simple
Percentage of companies using the
following to hedge risk:
Doing It Themselves
Percentage of companies using management systems
to track their hedging portfolios:
Note: More than 100
Fortune 1,000 companies, whose annual sales
and/or revenue ranged from more than $1 billion to
less than $100 million, responded to the survey.
Solution133.com, LLC, a joint venture of
PricewaterhouseCoopers LLP and Gifford Fong
Associates, New York,
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