INTL FCStone Inc. (NASDAQ:INTL) (https://www.intlfcstone.com), a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets, today announced that its London-based subsidiary, INTL FCStone Ltd, has partnered with Nigeria’s Financial Markets Dealers Association (FMDA) to host a Commodity Markets and Risk Management Seminar on October 7-8, 2015 at the Southern Sun, Ikoyi, Lagos, Nigeria.
Commodity prices and exchange rates present major risks for Nigerian banks, underlining the need to develop a broader based understanding of the potential use of derivative products to hedge these risks. For banks with exposure to the oil sector, the oil price collapse has impacted the soundness of bank assets where oil prices are not hedged. For banks with clients servicing major currency loans or costs of production, Naira devaluation impacts cash flow where exchange rates are not hedged. For banks responding to government and Central Bank of Nigeria’s encouragement to lend to the agricultural sector, the ability to manage exposure to agricultural produce will be imperative.
To support Nigerian banks needing to broaden their understanding of derivative products and skills in hedging, the FMDA and INTL FCStone Inc. are bringing together a team of leading practitioners in the world’s major commodity markets and capacity-building specialists with experience in African financial markets to run a unique seminar focusing on building skills in risk management for commodity-backed lending.
For enquiries regarding the seminar, please contact Financial Markets Dealers Association’s Chris Jaiyeola or Mary Gbegbaje on 08023548999, 08033295601, or by email gmary@fmda.com.ng, cdjaiyeola@fmda.com.ng.
CONTACT:
INTL FCStone Inc.
Kent Coughlin
Director of Public Relations
+615-234-2756
kent.coughlin@intlfcstone.com
About the Financial Markets Dealers Association
The Financial Markets Dealers Association (FMDA) leads the development of knowledge, skills and competencies of its individual members in treasury market practice through capacity building and promoting professionalism in the OTC markets. It also arbitrates on disputes involving counterparties in the fixed income and foreign exchange markets. FMDA collaborates with local and overseas experts in specialized areas of training to drive global standards in Nigeria.
About INTL FCStone Inc.
INTL FCStone Inc. (https://www.intlfcstone.com), including its subsidiaries, is a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets. Its revenues are derived primarily from financial products and advisory services that fulfill clients’ needs and provide bottom-line benefits to their businesses. INTL creates added value for clients by providing access to global financial markets using industry and financial expertise, deep partner and network relationships, insight and guidance, and integrity and transparency. INTL’s client-first approach engenders trust, and has enabled INTL to establish leadership positions in a number of complex fields in financial markets around the world. INTL FCStone Ltd, a wholly owned subsidiary of INTL FCStone Inc., is authorized & Regulated by the UK Financial Conduct Authority.
Further information on INTL FCStone is available at www.intlfcstone.com.
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