Anonymous shelf assessment
Practical Guide to FX Derivatives
Shelf score 7.5 / 10
On Currency Forwards and Options: Mechanics and Application · Philip Bennett · Butterworth Heinemann
Published 23 March 2026
This book provides a practical approach to corporate hedging with FX forwards and options.
Overview
Currency Forwards and Options: Mechanics and Application by Philip Bennett serves as a practical guide for corporate treasurers and CFOs focusing on hedging strategies using foreign exchange derivatives. The book addresses the mechanics of FX forwards and options, along with their application in corporate finance.
It covers essential topics such as the accounting treatment of hedging strategies, making it a valuable resource for professionals involved in corporate hedging. While it is designed for an intermediate reading level, the content is tailored specifically for treasurers and those in corporate finance roles, ensuring relevance and applicability in real-world scenarios.
By area & interest
Focus on Corporate Hedging
The book's primary emphasis is on corporate hedging strategies, making it particularly useful for treasurers seeking to mitigate foreign exchange risk.
Practical Application
It provides practical insights into the use of FX forwards and options, offering guidance that can be directly applied in corporate finance.
Accounting Treatment
The discussion on accounting treatment related to hedging strategies adds an important layer of understanding for finance professionals.
Basis of this assessment
The assessment is based on catalogue details and a brief description of the book's content.
Strengths
The book excels in its focus on corporate hedging, providing practical guidance tailored to the needs of treasurers and CFOs. Its coverage of accounting treatment related to hedging strategies is particularly beneficial.
Limitations
The content may be less quantitative than some readers might expect, which could limit its appeal for those seeking a more analytical approach to FX derivatives.
Ideal reader
This book is ideal for corporate treasurers, CFOs, and finance professionals looking for practical insights into FX hedging strategies and their accounting implications.