0159-Hedge-Policy
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Details
| Name | Hedge Policy |
|---|---|
| Number | 0159 |
| Sponsor | Energy Marketing and Finance Departments |
| Description | The City of Medicine Hat (the City) is a municipality that provides municipal services and energy services, due to its ownership of energy production assets and utilities. Each business unit of the City may need to consider certain hedging activities to help manage risks tied to the operations of that business unit as identified in section 2.01. The City has developed a set of guidelines that must be followed before any hedging activities may be contemplated by its business units. Hedge policy guidelines provide a framework for establishing a risk management culture at the City. The hedge programs for respective business units will be developed to adhere to the procedures articulated in this document. The hedge programs will specify: a set of rules to guide decisions to hedge the purchase or sale of investments or commodities associated with business operations in the forward markets, a clear statement of roles and responsibilities within the city and the given business unit, and a process for establishing and managing hedge programs. |
| View Document | 0159 Hedge Policy |
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