WBC westpac banking corporation

WBC Q1 Expectations, page-14

  1. 2,332 Posts.
    lightbulb Created with Sketch. 308
    Seems some negative news being released regarding the numbers

    From the Australian

    "They relate to economic hedges and net ineffectiveness on qualifying hedges, which reverse over time"

    i get hedges, but never heard of qualifying ones - so did a look around.
    https://www.investopedia.com/terms/h/hedge-accounting.asp

    Not ideal - a couple of hours till open - hopefully US markets being positive limits falls to a degree
 
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