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| banking & finance Along with a range of property risk management initiatives, particular attention is paid to banking and finance. Utilising in-house skills the Company prepares full banking and cashflow analysis to ensure the suitability of funding for any particular Fund; alternative debt structures are considered on an ongoing basis. Key relationships have been built with many of the main major UK and European banks to ensure that the most competitive and applicable banking is achieved. The management of financial risk involves reviewing on a regular basis that the hedging strategy matches the forecast exposures. Interest rate risk is minimised by the implementation of cost efficient hedging structures, which reduce the impact of adverse movements in interest rates whilst offering benefits from favourable ones. Exchange rate risk within European vehicles is monitored and managed on a regular basis. When appropriate, HPFM utilises the services of J C Rathbone Associates Ltd primarily for benchmarking services. |