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so good evening everybody thank you very much for joining it this is the third in the this is third in this session be able to speak about the relevance of option for cash flow heisting program thanks for joining Im Robyn Logan working as a corporate treasurer in the excel at the same time I am also tragically and for various forms across the four predominately in Asia and also I think for nation books my world my first book which is already in New York and the same time also speaker for almost twenty six Global Forum across the board so today topic is options for cash flow hedging in fact in fact that in fact the topic is the relevance for option for cash flow energy what I mean by option contract like yesterday we discuss what what do you mean by cash machine cash flow edging is nothing but hedging of your receivables and payables which are forecasted nature however at the same time is a copper treasure you can divide your cash flow merging into two parts one is your financial trans