Merck & Co. Chooses IRC/Hedge To Manage Forex Exposures
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Pharmaceuticals and specialty chemicals company Merck & Co. is using California-based software developer International Risk Control Inc.'s IRC/Hedge system to help manage its foreign exchange exposure. Merck is one of two corporations that have implemented the system since its launch a month ago.
Gary Sender, foreign exchange manager at Merck, says that he uses the system to hedge the company's forward currency exposures. IRC says IRC/Hedge allows the user "to link many foreign currency positions
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