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Please explain that how a Target Redemption Forward (TRF) might be suitable as a way of providing mitigation from foreign exchange risk. Using an actual

Please explain that how a Target Redemption Forward (TRF) might be suitable as a way of providing mitigation from foreign exchange risk.

Using an actual illustration of the mechanics of the TRF structure itself, an explanation of the timing of cash flows and disclosure of the residual risks that may be incurred and also informing of the benefits and risks of using a TRF.

Also explain what risks there might be to the bank in offering such a product and how the arrangement can be commercially rewarding from the bank's perspective.

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