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Jérôme Pirouz

Senior Vice President

TCX

Private Sector & Development author

TCX

The Currency Exchange Fund (TCX) is a specialized fund offering OTC derivatives to hedge the exchange rate and interest rate risks which affect international investors and local borrowers on emerging markets. The aim is to promote long-term financing in local currency by helping reduce market risks related to exchange rate asymmetries. TCX consequently works on currencies and maturities which generally have little coverage.

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