Risk management

- Author: International Trade Centre
- Main Title: Cocoa, pp 76-79
- Publication Date: December 2001
- DOI: https://doi.org/10.18356/06413372-en
- Language: English French, Spanish
Cocoa trading, like all other commodity trading, has an inherent set of risks. It is generally good policy to identify these risks and set up a formal and realistic programme of how to manage them, preferably in writing and communicated to all participants in their respective trading activities. Risk management may be seen as a series of actions that modifies the risks from less acceptable to more acceptable. It could perhaps be described as a policy of ‘replacing the devil you don’t know with the devil you know’, to use a variation on a familiar saying.
© United Nations
ISBN (PDF):
9789213615386
Book DOI:
https://doi.org/10.18356/924fa290-en
Related Subject(s):
International Law and Justice;
International Trade and Finance
Sustainable Development Goals:
-
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