A foreign exchange hedge (also called a FOREX hedge) is a method used by companies to eliminate or hedge their foreign exchange risk resulting from transactions in foreign currencies (see foreign exchange derivative). This is done using either the cash flow hedge or the fair value method.
Sleeping on your face puts the top cat at the highest point on the bed, the primo location for keeping watch over everyone. Your more submissive kitty will probably sleep at the foot of the bed or in her own kitty bed in the corner of the room.
This is a way of marking territory if they are rubbing the sides of their faces on the object. Cats have scent glands around their lips and on their chins. The facial pheromones that they mark with are signals of a happy or calm cat to other cats.