Professional Documents
Culture Documents
Experience of Chile
Erni purwaningsih
Nicky stefani
Company
RIZKY
LOGO
CHILEAN PRIVATE
PENSION FUND SYSTEM
Contd
Contd
Derivatives markets
and FX risk in Chile
Contd
Contd
Chiles derivatives
markets showed
remarkable resilience
during the period of stress
that followed the Lehman
bankruptcy in midSeptember 2008.
By continuously rolling
over FX hedges they
preserved the CLP value
of their portfolios,and
incidentally provided
uninterrupted insurance
to Chilean residents with
short structural positions
in USD.
Conclusions
CHILEAN PRIVATE
PENSION FUND SYSTEM