construct a practical scenario that will use derivatives to reduce interest-rate risks, currency volatility risks, and economic a companys pension plan. Said company Multi-national with divisions in the U.S., Europe (Germany), and Japan. Has a banking relationships in those same countries with loans priced in LIBOR and Prime Rate.Pension plan should be based in the U.S. and have exposure to S&P 500 equity

a)Structure a derivative management program.

b)Apply option trading strategies as a method of portfolio insurance