Active dialogue – JLR have active dialogue with key external partners (auditors, banks and lawyers) to continually consider new ideas and expand the scope of existing solutions, implementing a risk management approach to markets which demonstrates a thorough understanding of the solutions available.

Constructive discussions – the company engages in a healthy intellectual debate with its key internal and external stakeholders, ahead of presenting proposals internally and if successful implementing the solutions within the treasury mandate.

Inquisitive approach – always asking how can they do this better? How to achieve more out of the risk solution processes? Who can get this done? It is this inquisitive approach that ensures JLR keeps one step ahead of the curve and sets the highest standard amongst its peers in the automotive industry.

Constant improvement mentality – JLR has considered several risk management solutions including selling options to support FX spot transaction flow. With this solution, now the PBOC159 framework is established, JLR is putting in place infrastructure and processes to access onshore CNY for its RMB hedging requirements.

Knowledge sharing – JLR has had open discussions with several corporates in the luxury segment that export to China who are also considering taking advantage of the PBOC solution.