You are in charge of the treasury department of a major corporation - your company is involved in the heavy chemicals industry.

The firm has received JPY 30,000m from its Tokyo, Japan subsidiary and firm bank account shows that currently you also have AUD 600m.

1.Primary task:

You must raise GBP 80m to pay for raw material purchases due within 2 business days.

You are also required to raise EUR 60m to pay one of your suppliers in Auxerre, France.

Secondary task: Once your primary task is achieved, you may speculate. You must however be able to explain any speculative positions and remaining currency exposures to the board of directors at the end of the day!

You have a maximum deal amount of 20m per deal in any currency and 2 bn (2,000m) JPY. You have a minimum deal amount of 1m per deal in any currency (100m JPY)