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After your excellent work explaining the degree of economic exposure to Mr. Suripat on your first day of work you have been assigned a second
After your excellent work explaining the degree of economic exposure to Mr. Suripat on your first day of work you have been assigned a second assignment and given a large bonus. Surpat has asked you to estimate the Value at Risk (VAR) for receivables from Vietnam and Singapore. Please describe in detail to Mr. Surpat what VAR measures and detail the process you would undertake to estimate VAR for Siam Cement. Please also include the potential drawbacks of the VAR method and what steps you would undertake to mitigate these drawbacks.
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