Foreign Exchange Risk Management

Quorum Training Ltd.
London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' Hedging currency risk is more important then ever, as currencies maintain their volatility. This programme will explore ¡®best practice¡¯ and look at the fundamentals of currency risk, the role of corporate culture and the need for a hedging policy. The practical applications of spot and forward foreign exchange and currency options will be discussed with suggestions of when and how to use the various instruments. Hints and tips on getting the best prices will be covered. New market initiatives such as e-FX and CLS will be introduced, and all terminology and jargon will be fully explained.

Programme

WHAT IS CURRENCY RISK AND HOW DOES IT ARISE?

Examples of currency risk in major organisations
Effect of corporate culture ¨C cost centre/profit centre
To hedge or not to hedge?
Objectives ¨C hedging vs trading
Need for a treasury policy
MARKET BACKGROUND

History
Volumes
Sector growth
Why FX rates move
Market influences ¨C short term vs long term effects
SPOT FOREIGN EXCHANGE

Definition and key features
Understanding value dates and different time zones
Currency classifications ¨C major, minor, crosses
SWIFT
Understanding bid-offer prices
Achieving the best rates from your bankers
FORWARD FOREIGN EXCHANGE

Definition and key features
Understanding forward rates
Premiums and discounts
Outright forward transactions
Examples and applications
OVERVIEW OF CURRENCY OPTIONS

Definition and key features
When to use options and when to use forward contracts
First principles of option pricing
Examples and applications
MANAGING CURRENCY RISK

Transaction, trading, competitive, translation
Exposure management process
Practical aspects of a hedging policy
Confirming the trade
Audit trails
Best practice
NEW MARKET DEVELOPMENTS

The basics of e-FX
Single and multi-bank portals
Continuous linked settlement (CLS)
TWIST ¨C a corporate initiative
...''

Phone:+44 (0)20 7388 2044

School Address:

Quorum Training Ltd,
Tavistock House,
Tavistock Square,
London WC1H 9TW

Jobs & Resumes: London
Houses & Roommates: London

Interpreting IFRS Accounts
Practical Budgeting
Accounting for Fixed Assets
Accounting Principles for Banking and Treasury Staff
Trade and Export Finance
Credit Control Workshop
Debt Recovery Workshop
National Insurance Contributions
Payroll Workshop
Cash Management
Swaps Workshop
Options Workshop
Derivatives Fundamentals
Sarbanes-Oxley Act
Securities Markets
Asset Management
Hedge Fund
Fundamentals of Governance
Corporate Governance

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