Cover -- CONTENTS -- EDITORIAL ADVISORY BOARD -- Corporate risk management in Hong Kong and Singapore -- Derivative usage by non-financial firms in Sweden 1996 and 2003: what has changed? -- The exchange rate exposure of UK nonfinancial companies: industry level analysis -- Derivatives use and risk management practices by UK nonfinancial companies -- The use of options in corporate risk management -- The sensitivity of US banks' stock returns to interest rate and exchange rate changes -- Calls for papers -- Announcement.