Key facts
- Apple and Micron each added more than 60% to their FX derivatives notionals in the third quarter, per Risk.net.
- Risk.net analyzed 330 SEC filings by non-financial S&P 500 companies for the third quarter.
- Risk.net said Apple was the biggest mover in dollar terms, without giving the notional value.
- Alphabet and other companies deployed debt for net investment hedges, according to Risk.net.
Apple and Micron each added more than 60% to their foreign exchange derivatives notionals in the third quarter, Risk.net reported on November 12, citing its analysis of regulatory filings. The analysis covered 330 filings to the US Securities and Exchange Commission by non-financial companies in the S&P 500.
Risk.net said Apple was the biggest mover in dollar terms, though the published excerpt does not give the dollar value of the notionals. Alphabet and other companies deployed debt for net investment hedges, the report said.
The excerpt does not state the size of the overall increase in FX hedging across the 330 companies.