In the globalized Economy of today, Corporates are on continuous look out for minimizing their cost of procurement, maximizing their revenue and hence they need to access the far flung markets in the globe. So, increasingly transactions get denominated in different currencies other than domestic currency. The underlying risk profile of such transactions increases enormously. The whole array of risks including Currency Risk, Commodity Risk, Economy Risk, Interest Rate Risk, Operation Risk, Regulatory Risk etc fast comes on to dashboard along with the diversification of business across geography and products. It is an imperative to recognise all such underlying risk and undertake proper risk mitigation exercises.