BASF’s Creation of a Universal FX Program with Kyriba Risk

BASF creates chemisty for a sustainable future. They combine economic success with environmental protection and social responsibility.

The BASF Challenge

BASF’s former FX Management process was based on a regional, decentralized approach to exposure reporting and risk transfer to HQ, making it nearly impossible for treasury to accurately calculate and mitigate FX risk on a global perspective.

Identifying the Right Solution

Kyriba Risk Management provided BASF with the opportunity to implement a streamlined, automated and universal FX management process across every region. An Automated FX Risk Transfer (ART) tool was also developed to analyze the FX risk positions of BASF’s subsidiaries and automatically generate hedge deals to transfer risk from the entity to HQ.