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hey its Jim this is level three of the CFA program the topic on derivatives and currency management and the reading on currency management and introduction note this is part two hedging let me just quickly remind you that we covered those first four losses back in part one well go ahead and switch over to the final five losses here in part two and of course using that term hedging is appropriate for this last half or so of this reading because were going to talk about the different types of hedging and were going to talk about a lot of different uh implications of hedging and factors of hedging well talk about forward contracts and Futures contracts and swap contracts and then Im guessing that you good candidates note that lots of the final loss in many readings looks an awful lot like this one discuss challenges or opportunities for whatever that topic is so well talk about Emerging Market currency exposures now youve heard me say this multiple times that the focus on level th
