Commodity price risk hedging approval requires a documented strategy and management-approved controls before authorised dealer consideration.

Applicants seeking approval to hedge commodity price risk, including gold, must provide a hedging strategy detailing business risk, instruments, exchanges or brokers, credit lines, exposure and peak positions. They must also submit a management-approved risk management policy covering risk identification and measurement, revaluation or position monitoring, and transaction authority limits. An authorised dealer verifies the supporting material and channels the application for consideration through the applicable permission process.

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