Measurement of Transaction Exposure Foreign exchange transaction exposure can be managed by contractual,operating,and financial hedges. The main contractual hedges employ the forward,money,futures,and options markets. ■（ Operating and financial hedges employ the use of risk-sharing agreements,leads and lags in payment terms,swaps,and other strategies. 制卧价贸易大考Measurement of Transaction Exposure „ Foreign exchange transaction exposure can be managed by contractual, operating, and financial hedges. „ The main contractual hedges employ the forward, money, futures, and options markets. „ Operating and financial hedges employ the use of risk-sharing agreements, leads and lags in payment terms, swaps, and other strategies