LOOSE CHANGE

LOOSE CHANGE

The Association of Corporate Treasurers (ACT) in London is working on a set of guidelines for corporations on disclosure of treasury policy--including currency hedging policy--in corporate accounts. The guidelines, which are still in draft, according to ACT director Gerald Leahy, will help companies meet demands from institutional investors that they reveal their hedging policies and practices. "The guidelines are designed to complement those issued by the Accounting Standards Board, but are