By Moiz Mujtaba, Corpay Cross-Border Solutions https://payments.corpay.com/cross-border
For Corpay
Once foreign exchange exposure is assessed, the next step is to set risk management goals. This involves determining how much risk the company is willing to take on and what its target risk levels are. Achieving stakeholder agreement on risk appetite, and a strategy designed to achieve business goals is the foundation of a successful implementation.
In our last blog post, we discussed the value of meticulous planning and understanding all the tools at hand to create a strategy to achieve the business objectives. We cited the example of General Dwight D. Eisenhower’s meticulous tactical planning and logistical expertise to achieve his goals on the battlefield.
Our next post takes us from the European Theatre of the Second World War (WWII) in the 1940s to the Korean peninsula in 1950, when General Douglas MacArthur was appointed to lead the newly established UN Command (the UNC) after North Korea’s invasion of South Korea. The command included troops from sixteen nations (including South Korea and the United States), with five additional nations providing medical support and supplies.
After WWII, the Korean peninsula was divided into two separate nations along the 38th parallel. North Korea had the backing of the USSR and China, and South Korea was supported by the US and the UN and other allies.
In June of 1950, North Korean troops crossed the 38th parallel into South Korea. The South Korean military was ill-prepared for the attack. Over time, the UN Command gathered strength, consensus, the North Korean Army pushed southward. US and South Korean troops held the North Korean Army at bay at the Busan Perimeter in South Korea, and the tide of battle seemed to turn.
To discuss your cross-border needs please contact Danielle Orcutt, National Sales Executive, Corpay (Fleetcor NYSE FLT) +1-929-504-8791 danielle.orcutt@corpay.com https://payments.corpay.com/cross-border
About Corpay
Global businesses trust Corpay Cross-Border to power their international payments, execute plans to manage their currency risk and support their growth around the world. We aim to deliver unmatched service and expertise with respect to moving money globally. Utilizing our proprietary payment automation technology and currency risk mitigation solutions, we take pride in connecting companies large and small with the global financial markets and businesses all over the world. You can feel confident working with Corpay, as we are backed by our parent company, FLEETCOR Technologies, Inc. (NYSE:FLT) a leading global business payments company based in Atlanta, Georgia, USA. FLEETCOR is a Fortune 1000 firm, an S&P 500 member and has USD $2.8B in annual revenue with a market capitalization of USD $18.2B (as of December 31, 2021).
To learn more contact Danielle Orcutt, National Sales Executive, Corpay 929-504-8791 danielle.orcutt@corpay.com https://payments.corpay.com/cross-border
