Aq, your obviously travelling way out of your depth on FX...

Aq, your obviously travelling way out of your depth on FX hedging.

Sure they could use a FRA or outright forward, but the forward is based on the interest rate differential, so zero sum gain.( Zilch except negative fees and possibly no credit line to accommodate security} FX Options using a cap, collar, floor or a artificial hybrid ( Butterfly) would involve a participation profit loss range and likely premium payaway on the put/calls. CFD's with margin calls equals Monte Carlo theory. Not to mention the timing mismatch of the terms pretty thin out there in 5 year land, likely to get screwed on the points. Sure they could issue their own paper in the Capital Markets ( ha ha ).
I'm guessing you haven't read the book by Black Scholes on the  pricing model for options.

This is all pretty serious stuff and not as quoted " Money for Jam" , i cant think of any Corporate Treasury that would utter those 3 words together on this sort of proposition