The guidance papers are not part of the Code; they are intended to be read alongside the Code. For pre-hedging and last look, the Code provides the framework that market participants should be using, while the guidance papers discuss applications of those frameworks. As with the other materials developed by the GFXC, this was done in close consultation with industry and the member FXCs.
Ewart S Williams: Issues in Caribbean economic development Address by Mr Ewart S Williams, Governor of the Central Bank of Trinidad and Tobago, at the Sir Arthur Lewis Institute of Social and Economic Studies (SALISES) Conference, Port-of-Spain, 27 March 2007.