Near-north Ontario, French River | its times like those that an elevator/co-ops relationship with their banker becomes very important, not only thats but its critical that the bank understands how hedging works.. surprisingly many don't. The only real 'cost' to a hedge in the interest on the margin, but banks look at the entire margin account as being at risk, when if the hedger is competent( has risk policies and actually follows them ) really isn't the case. It can however make for a really ugly balance sheet if the banker doesn't understand whats being presented.. |