Hedge Administration and Control

• Establishing Hedge Goals

• Forming a Hedge Committee, Setting the Agenda, 

• Appointing the Hedge Manager

• Opening a Hedge Account 

  • Choosing a Broker

  • Singing Account Docs and Supporting Docs

• Implement Risk Controls

  • Back Office Controls, Audit

  • Separation of Function

  • Risk Reporting, Monitoring

  • Physical vs Futures and Stress Testing

  • Risk Management/Optimization