Today, CRKN begins conversations with its membership regarding the effect of the recent weakening of the Canadian dollar. A recent analysis of the current economic environment undertaken by CRKN shows that approximately 60% of Canadian university library acquisition budgets are exposed to US dollar foreign exchange risk. The impact of what is…
Foreign exchange
Foreign exchange
Over the last decade, the CRKN team has refined its negotiations and invoicing process surrounding the core content licensing activity. The bulk of the content that CRKN licenses is on multi-year agreements, negotiated in and settled in USD, and CRKN bills its members very nearly completely in USD.
Under a Board approved initiative to provide additional targeted services to members and raise incremental revenues in a manner consistent with CRKN's strategic plan, CRKN has offered members the opportunity to participate in foreign exchange projects in each of the past four years. These projects are intended to give members additional…