Foreign Exchange Management Assessment Program (FXMAP)
This Program is designed to help SMEs develop financial resilience and better manage their financial resources for sustainable growth
Upon completion of FXMAP, participants should have gained the capability to:
Identify and quantify the specific currency exposures to their businesses.
Create their own Foreign Exchange Risk Management Policy specific to their businesses.
Evaluate the various hedging products and service providers, thereby aligning the selection of tools to the implementation of their Foreign Exchange Risk Management.
Company must be registered and operating in Singapore, and have at least 30% local shareholding
Company group annual sales of no more than SGD100 million OR company group employment size of not more than 200 workers.
From now till 10 November 2017, SMEs in Singapore that are eligible to take part in the FXMAP can apply for SPRING’s Capability Development Grant (CDG) which may support up to 70% of qualifying project costs*