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Velo’s Vineyards
Pty Ltd

We previously followed Global Markets as they assisted the CFO, Alexander, with Velo’s Vineyards hedge policy.

Alexander has called you to explain that Velo’s Vineyards have just won an exporting contract to China and they will be paid for their first shipment in Chinese Renminbi in 60 days’ time.

Given there has been a change in the client’s circumstances, what is the most appropriate action that you as a banker would take?

Alexander