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Brexit boom in currency hedges sparks fears of mis-selling

FX contracts known as “target redemption forwards” or TARFs may lead to claims of mis-selling

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The tumbling pound is encouraging nervous UK importers to enter into complex currency transactions as they scramble to avoid higher costs. But some consultants warn those deals could expose them to significant losses.

Collyer Bristow’s Head of Dispute Resolution, Robin Henry, is quoted in The Financial Times article, first published on 23 Jul 2019.

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