While the management of individual risks is increasingly a coordinated affair, this does not in any way minimize the importance of managing individual risks. At the individual risk level, corporate treasurers around the world value new and imaginative ways to minimize their exposures to market risks; that is, the volatility of foreign exchange rates, commodity prices, interest rates, and equity prices. The financial services industry now offers many financial hedge products, including currency swaps, interest rate swaps, and options. Accounting standard setters around the world are working on appropriate measurement and reporting principles for these financial products