How to Hedge Your Currency Risks with Currency Derivatives
Currency Derivatives Training Course
This hands-on training provides you with a solid foundation for hedging currency risk with Derivatives
Currency Derivatives Training Overview
This hands-on training provides you with a solid foundation for hedging currency risk with Derivatives in the Asian markets, trading Derivatives for portfolio optimization and discuss the technicalities involved when selling or buying derivatives to/from third parties.
The training starts with a short introduction to the FX markets globally and here in Asia, looking at currency controls, historical movements under moratoriums and the impact of countries defaulting on their debt.
From here the standard hedging tools will be discussed, such as FX Forwards, FX Swaps and Cross Currency Swaps. Pricing is discussed for both On-shore and Off-Shore markets. Followed by currency options (calls & puts) and the more sophisticated hedging strategies, such as Collars, Digitals, Reverse Knock-In Options, Window Knock-in Options etc.
You will have the opportunity to test the different hedging strategies within a Monte Carlo framework and understand the nuances of each strategy. A quick side step is made to discuss the commercial derivative pricing tools currently available.
The training is finalized by a session of how your counterparts, in the hedging transaction, manage the underlying risk and how margins are typically priced in. The trainer complements all strategies with real life examples and provide a solid framework based on his own experience in the markets and explain the issues companies have faced when hedging their currency risk. The training aims at 50% / 50% split between exercises and training materials.
The training is also complemented with a list of research, reference materials and Excel sheets to provide you with a solid understanding of the technicalities involved when pricing, hedging and trading Currency Derivatives. You are also guided through the VBA code behind all the Excel sheets if VBA code is present.
No coding experience is required!
Bank Rakyat Indonesia
- Agenda highlights
- Who should attend
Currency Derivatives Course Agenda Highlights
- A bird’s eye view of the Asian & Global Currency Markets
- FX Spot market & FX forwards
- FX Swaps
- Cross Currency Swaps (CCS)
- Pricing Vendors
- Currency Options (Calls & Puts)
- Understanding the Volatility Surface
- Exchange Traded Futures & Options
- Sophisticated Hedging Strategies
- Monte Carlo Pricing of Barrier Options
- ISDA & CSA documentation for Currency Derivatives & current regulations
- Currency Derivatives mishaps – What has gone wrong in the past
- Front Office FX Sales & FX Derivatives Sales
- Front Office Fixed Income Sales & Derivatives Structuring
- Middle Office Risk Management & Compliance
- Back Office
- Bank ALM
- Front Office Equity Researchers
What customers say about Ethan Hathaway courses:
“Every part of it was interesting to me.” – A.D., Capital Market Authority
“The speaker has experience in this topic…Speaker know how to teach with simple language.” – P.M., Bank Rakyat Indonesia
“There were a lot of active discussions during the course & the instructor relates the subject to risk management as well…Small group encourage more active participation and more attendion from the instructor.” – Y.H., Maybank Investment Bank, Malaysia
About the trainer: “Excellent skills, knowledge & experience.”…About the course: “The way to teach is easy to understand, a lot of knowledge.” – I.M., Bank Rakyat Indonesia
“Speaker was very friendly and the subjects was good” – A.M., Saudi Stock Exchange, Saudi Arabia
“What I liked most about this course: The presentation of the speaker. Even the topic is very academic/technical but he can make the class fun.” – T.J., Maybank Investment Bank Bhd, Malaysia
18 Seats Only
Only 18 seats available per session so you get more personal attention.
You also receive a Course Reference Kit to take away for future reference. (Value of $200.00)
All our trainings are built for interaction and for you to get the most out of the training for your job and situation.
Ask questions specific to your situation. It's the closest you can get to getting personalised coaching.
Certificate of Completion
After completing the training, you receive an Ethan Hathaway gold-embossed certificate of completion to mark your achievement.
Ethan Hathaway is accredited by the British Accreditation Council for Independent Further and Higher Education as an International Centre.