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Subsidiaries are an important component here, as by definition, an investing company must own a large proportion of the subsidiaries share capital and thus a FX risk is generated here.
As noted earlier BPâs major product, oil, is priced internationally in US dollars, and hence any currency arising from international transactions poses a risk of this nature...
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Subsidiaries are an important component here, as by definition, an investing company must own a large proportion of the subsidiaries share capital and thus a FX risk is generated here.
As noted earlier BPâs major product, oil, is priced internationally in US dollars, and hence any currency arising from international transactions poses a risk of this nature...
Essay fragment
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