A balance sheet hedging program with portfolio exposure in Latin America needed to understand an evolving monetary policy environment before balance sheet valuations were adversely affected. 

Advanced insight into policy changes provided a client basis for acquiring simple currency hedges (NDFs) that were non-speculative but insulated the balance sheet, in accordance with client policy requirements.

These same hedges provided a bonus margin in the tens of millions several months later when the host currency authorities changed monetary policy, causing a massive market-driven currency devaluation that devastated the balance sheets of several key competitors. 

A company wanted to sponsor an investment in part of a major strategic energy terminal in Asia in conjunction with an array of largely passive equity interests. 

Due diligence requested by the client deal team before finalizing the investing consortium revealed that among the equity partners were concealed investors whose controlling interests were deemed potentially hostile to the host nation. 

The client extricated itself from that investor configuration before damage to the prospective investment occurred.