The New Nation - Internet Edition

The City Bank Ltd has recently held a workshop on 'Hedging Commodity Price Risk.' The City Bank Ltd was the first bank among all the commercials banks to hold such a workshop for all major commodity traders in Chittagong. All major corporate houses of Chittagong i.e. PHP Group, Abul Khair Group, MEB Group, BSRM, S Alam Group etc were present at the workshop. The session was conducted by Sheikh Mohammad Maroof, Head of Treasury and Market Risk of The City Bank Ltd. At the workshop the speakers briefly discussed on the commodity derivatives and various tools to hedge the commodity price risk. They also focused on the global trend of commodity price and the 2008 outlook of global commodity market. Given the recent trend in global commodity market and local inflation it is high time for our commodity traders to hedge the price risk. City Bank's Treasury Division has a full range of products which will help the business houses to hedge the commodity price risk. Yusuf Saeed, Head of Corporate and Investment Banking of City Bank, and AHM Humayun Chowdhury, Area Head (Corporate and Investment Banking) at Chittagong and other high officials of the bank were also present at the workshop.