Summary

Learning Outcomes

• Participants will acquire conceptual understanding of functioning of FX markets
• Participants will be aware of nuances that will be relevant for their roles overlapping with treasury and learn to make an even more effective contribution
• Treasury sales and transaction banking staff will gain a deeper understanding to be able to advice clients, identify business opportunities and be aware of risks involved

Who should attend?

• Treasury Sales & Traders, Treasury support functions (market risk, credit risk, operational risk, finance, legal, compliance, middle office, back office),
• Transaction Banking (Cash & Trade) sales, Client relationship Managers & Credit officers, Promising general management staff for retention and grooming
• Corporate risk managers, Finance professionals in general, Analysts in MF AMCs, Family offices, etc.,

Day 1

Session 1

INTRODUCTION / FOUNDATION 

•  Financial Markets and Price discovery, Asset classes, Participants
• Overview of FX market, store of wealth vs medium of exchange - driver of FX rates
• Brush-up of Basics - quotation, settlement, Vostro, Nostro

Session 2 

FX RATES 

• Crosses and triangular arbitrage
• Forex Swaps - introduction
• Cash, Tom, Forward contracts - construction
• Hands-on quote computation
  

Session 3

FX RATES 

• Swap - price discovery vs theoretical value
• covered interest rate parity theory
• Forward contracts
  

Session 4

REGULATION AND MARKET TEXTURE  

• Regulation - broad overview
• Dealing room in a bank
• INR invoicing and settlement
  

Day 2

Session 5

GLOBAL FX MARKETS 

• Exchange Rate Regimes – Currency Peg, independently floating, Managed float
• FX impact transmission into real economy
• Theories in FX : PPP, CIP, UCIP/Fishers effect
  

Session 6

INDIAN RUPEE 

• Indian Rupee - history and bouts of volatility
• Balance of Payment, NIIP - analysis
• Monetary Policy and money market functioning 
  

Session 7

FORECASTING FX RATES 

• FX Reserves - motive, benefits and impact
• Measures of reserve adequacy
• Intervention impact - spot and forward
  

Session 8

FX RISK MANAGEMENT 

• Risk Management approaches
• Suitability and appropriateness framework
• Operational Risk in FX
  

Trainer Profile

He is a financial market expert with over 25 years of experience. Had started his career in a large corporate as FX risk manager and served in an MNC bank (Standard Chartered Bank) for about two decades in their foreign exchange function.

He held various roles including Treasury Sales advising clients on FX and interest rate risk management, Head of FX flow business for India Head of Business management and strategy for Treasury sales function, and Head of Treasury sales business for South Asia for commercial segment. 

Training dates - December 09-10, 2024

Training fees - ₹ 28,000 + applicable taxes