Film Production - Is your Budget protected? Traditionally, film production companies use standard banking arrangements for their foreign currency film budgets. It is common practice for a film producer to set present or arbitrary foreign exchange rates for the strike price of a film budget. Obviously it can take weeks or months to reach financial close and by this time the prevailing exchange rate has moved 2 or 3 percent below the strike price and over budget.
Why start from behind? With help from SGM-FX you will have the right information and market knowledge to accurately choose the correct strike price allowing for market movements along the way. Only in this way can you be ahead and under your budget when financial close is reached and your project is given the green light. Once achieved, SGM-FX will be happy to discuss the specific market tools required to lock in and secure the exchange rates you need for the duration of the production schedule.
To discuss how your project could be protected from the exchange rate movement contact Roy Ruddock or Luke Percy on 0207 220 1740 or alternatively arrange for us to call you back