Foreign Exchange Markets

 
  • Price: US$ 100.00
  • Publisher: KESDEE
  • Number of modules: 18
  • Length: 36-54 hours
  • Language: English
  • Subscription: 12 months
whats-included

Tools and Resources for Managing Investments and Lowering Risk in the Forex Market

 

Course outline:

Different foreign exchange products; their pricing and applications are comprehensively dealt with in this course group. Discussions include the foreign exchange market risks. All foreign exchange derivatives such as currency futures / swaps / options and second-generation forward contracts are explained. FX trading controls, as given in ACI code of conduct are dealt with. Real case studies are also incorporated. Pricing, structuring and application can be practiced with calculators/simulations.

After completing this course, you will heave learned:

  • Nuances of foreign exchange markets
  • Foreign exchange derivative products
  • Second-generation forward contracts
  • FX trading controls

Corporate buyers - contact us for license discounts and a free trial of this course.

 

Foreign Exchange Markets: 11 modules of 2 - 3 hours each


1. Introduction to Treasury Management

  • What is Treasury Management?
  • Structure of Treasury Management
  • Functions of Treasurer and Controller

2. Overview of Risk Management

  • Concept of Risk
  • Risk Management Process
  • Determination of Business Objectives
  • Identification of Risks
  • Measurement of Risk

3. Overview of Foreign Exchange Market

  • Meaning of Foreign Exchange
  • Reasons to Trade FX
  • Market Timings
  • Market Participants
  • Dealing Methods

4. Spot Market

  • Spot Foreign Exchange Transactions
  • Structure of Spot Rates
  • Direct and Indirect Quotes
  • Bid-Offer Spread
  • Cross Rates

5. Forward Market

  • Outright Forward Transactions
  • Determination of Forward Rates
  • Forward Cross Rates
  • Short Dates

6. Determination of Exchange Rates

  • Interest Rate Parity
  • Purchasing Power Parity
  • The Fisher Effect
  • Balance of Payments Approach
  • Monetary Approach
  • Portfolio Balance Approach
  • Forecasting Exchange Rates

7. Currency Futures

  • Futures and Forward Contracts
  • Currency Futures Market
  • Futures Contract Specifications
  • Marking to Market
  • Futures Quotation
  • Pricing Currency Futures
  • Hedging with Currency Futures
  • Speculation with Currency Futures

8. Currency Options

  • Currency Options
  • Basic Option Strategies
  • Covered Strategies
  • Spread Strategies

9. Currency Swaps

  • FX Swaps
  • Currency Swaps
  • Currency Swap vs. FX Swap
  • Quoting Conventions
  • Types of Swaps
  • Uses of Currency Swaps

10. Second Generation Forward Contracts

  • Second Generation Forwards
  • Range Forwards
  • Participating Forwards
  • Break Forwards
  • Forward Spread Agreement

11. FX Trading Controls

  • ACI Model Codes regulations

 

Bonus: Job Aids

  • Disclosures
  • Policy Templates
  • Measurement Tools
  • Global Best Practices
  • Regulations
  • Benchmarking Data
  • Scope and Structure of FX and Derivatives Markets


Bonus: 12 Financial Calculators

  1. American and European Quotes
  2. Spot Cross Rates
  3. Calculating Forward Rate Forward Cross Rates
  4. Pricing Currency Futures - Continuous Compounding
  5. Pricing Currency Futures - Daily Basis
  6. Valuation of Generic Currency Swaps
  7. NPV of Currency Cash Flow
  8. Swap Break Forward
  9. Range Forward
  10. Participate Forward
  11. Options strategies
  12. Currency Converter