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What is the position with MIMs currency hedging?

April 26, 2017currency hedging mim position

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What is the position with MIMs currency hedging?

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A. Currency hedging has receded as an issue for MIM. The mark to market exposure was down to $327 million at the end of January 2003. The back is being broken in the 2003 financial year. We are not replacing hedging as we deliver into the contracts.