Corporate FX flows are shaped by internal structures as much as by market conditions, with execution behaviour differing significantly between centralised and more decentralised treasury models. This interactive session brings together two corporate perspectives to compare how exposures are identified, approved and hedged across different organisational setups. The discussion will walk institutional trading desks through practical differences in forecasting cycles, approval chains, execution methods (RFQ, streaming and algos), and how exceptions such as M&A activity or less liquid markets are managed. Designed to demystify corporate behaviour, clarify execution patterns and improve understanding of how corporate FX flows enter and move through the market. 

Hedging EM currency exposure presents corporates with challenges that differ materially from G10, including uneven liquidity, wider pricing and limited hedging tenors. This session examines how corporate FX teams manage EM and frontier currency risk where exposure can build quickly, pricing gaps appear around weekends or market closures, and hedging costs are higher.

Speakers will discuss how they hedge forecast revenues, costs and existing EM exposures when market access and liquidity vary significantly by currency. The panel will share practical examples of how corporates structure hedges, manage cost and use proxy or correlation-based approaches where direct hedging is inefficient or unavailable. A focused discussion on how FX teams balance risk reduction and cost across EM currencies.