LEGAL

Stats & Facts

This section contains a reference point for the source of any claims, statistics or quotes used throughout the website. If you feel that anything stated is misquoted or incorrect then please contact compliance@bound.co

Claim: £70k average UK SME currency loss

Source: Bibby Financial Services’ recent Trading Places Report highlights that 67% of UK SME exporters have experienced negative Foreign Exchange fluctuations averaging £70,000 over the previous 12 months (Bibby Financial Services, 2017).

https://www.bibbyfinancialservices.com/about-us/news-and-insights/reports/2017/trading-places

Claim: 94% of FTSE 500 companies hedge

Source: At its 24th Annual General Meeting in Beijing, the International Swaps and Derivatives Association, Inc. (ISDA) announced the results of a survey of derivatives usage by the world’s 500 largest companies. According to the survey, 94% of these companies use derivative instruments to manage and hedge their business and financial risks.

https://www.isda.org/2009/04/22/derivative-usage-survey/

Claim: 4% of SME’s currently hedge

Source: “4% of exporting SMEs currently using products to mitigate against foreign currency risks” UK SME exporting trends: finance and trade | February 2020

https://www.british-business-bank.co.uk/wp-content/uploads/2020/02/702-UK-SME-Exporting-A4-86pp_publication_single-pages.pdf

Salesforce Quote

https://www.cnbc.com/2022/05/31/benioff-foreign-exchange-pushed-salesforce-to-lower-revenue-guidance.html

Meta Quote

https://techcrunch.com/2022/07/27/meta-posts-its-first-ever-quarterly-revenue-decline/

Microsoft Quote

https://www.moneycontroller.co.uk/finance-news/microsoft-corporation/press-release-fy22-q4-783997

Note: All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk