Exposure 
Exposure
Definition
In market risk management, exposure is understood as all future payments from a financial position, distinguished according to the risk factors which affect them.
Volatility exposure is, for example, the future conditional payment of an option, as the payment amount depends on the volatility of the rate of the underlying for the corresponding period.
Structure
Exposure can be differentiated according to relevant risk factors:
Forex exposure is the balance of foreign currency payments in planned currency from underlying transactions (underlying transaction exposure) and the future value of the financial transactions (hedging transaction exposure) at the horizon in planned currency.
The balance of these two variables is the total exposure or the open position on the date the financial transactions are valued.
Interest rate exposure offers you the following options for examining how your financial transactions react to interest rate changes:
This value shows you the change in net present value of a position if the entire yield curve rises or falls by one basis point.
The reaction volume is a different way of presenting the interest rate risk, independent of a specific yield curve shift. The value is the quotient of the net present value change and the change in the yield curve in basis points.
Underlying transactions from Cash Management are not yet supported in interest rate exposure calculation at present.
Until Cash Management is connected, loans, money market transactions and securities are understood to be underlying transactions, which create risks. Derivatives and foreign exchange transactions are the hedging transactions which can be used to manage risk.