A corporation wishing to hedge its exposure to receivables could: Purchase a currency call option (or options) representing the currency and amount related to the payables. Negotiate a fonward contract to purchase the arwount of foreign currency needed to cover the payables. Borrow the currency denominating the recelvables, convert it to the local currency, and invest it. Then pay off the loan with cash inflows from the receivables. Purchase a currency futures contract (or contracts) representing the currency and arrount related to the payables