Stewart Gilchrist follows the automotive industry, including Ford Motor Company. Based on Fords 2003 annual report, Gilchrist writes the following summary:

Ford Motor Company has businesses in several countries around the world. Ford frequently has expenditures and receipts denominated in non-US currencies, including purchases and sales of finished vehicles and production parts, subsidiary dividends, investments in non-US operations, etc. Ford uses a variety of commodities in the production of motor vehicles, such as non-ferrous metals, precious metals, ferrous alloys, energy, and plastics/resins. Ford typically purchases these commodities from outside suppliers. To finance its operations, Ford uses a variety of funding sources, such as commercial paper, term debt, and lines of credit from major commercial banks. The company invests any surplus cash in securities of various types and maturities, the value of which are subject to fluctuations in interest rates. Ford has a credit division, which provides financing to customers wanting to purchase Fords vehicles on credit.

Overall, Ford faces several risks. To manage some of its risks, Ford invests in fixed-income instruments and derivative contracts. Some of these investments do not rely on a clearing house and instead effect settlement through the execution of bilateral agreements.

Based on the above discussion, recommend and justify the risk exposures that should be reported as part of an Enterprise Risk Management System for Ford Motor Company.