Tiscali 2012 Annual Report Download - page 149
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44
Financial risk management
Financial risk management objectives
The Group’s Corporate Treasury division provides business services, co-ordinates access to the local
and international financial markets, and monitors and handles the financial risk associated with Group
operations by means of internal risk reports which analyze the exposures by degree and magnitude of
the risk. These risks include market risks (inclusive of currency risks, fair value interest rate risks and
price risks), credit risks and risks in cash flow interest rates.
Market risks
Group activities expose it primarily to the financial risk of changes in exchange rates for foreign
currency and to the interest rate.