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Exhibit 8.1 Conceptual Comparison of Transaction, Operating, and Translation Foreign Exchange Exposure

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Exhibit 8.2 Impact of Hedging on the Expected Cash Flows of the Firm

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Exhibit 8.3 The Life Span of a Transaction Exposure

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Exhibit 8.4 Valuation of Cash Flows by Hedging Alternative for Trident

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Exhibit 8.5 Trident’s Hedging Alternatives, Including an ATM Put Option

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Exhibit 8.6 Valuation of Hedging Alternatives for an Account Payable

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Exhibit 8.7 Bank of America Corporate FX Risk Management Survey Results

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Mini-Case Lufthansa 1985–1986: What Herr Ruhnau Could and Could Not See