CRISIL Executive Training
Foreign Exchange and Derivatives Certification Programme
New Delhi: November 16-18, 2017
This programme has been designed for professionals needing an in-depth understanding of the essential components of treasury management viz. foreign exchange and derivatives.
Through the use of exercises and simulated bourse games, the workshop will help them master the dynamics of the Fx and derivatives markets.
More importantly, the programme includes an examination that will certify the participant’s competence in Fx and derivatives.
Duration
3 daysCourse Structure
Day 1
1. Global Foreign Exchange Market 9.30 a.m. - 10.00 a.m.
Time zones
Currencies traded
Foreign exchange rates and conventions
FX markets in India - a comparison
2. Foreign Exchange Arithmetic 10.00 a.m. - 11.00 a.m.
Spot rates and Cross rates
Forward rates - Swap premium and discount
Actual pricing of a market deal
3. The Indian Forex Market 11.15 a.m. - 12.15 p.m.
Trading Mechanism
Market Dynamics - FII flows, Month-end demand, NDFs Role of the Central bank
Interplay with Equity and Money markets
“I have learnt in 3 days what otherwise takes more than a year to learn in the dealing room” -Treasury Advisory Group, HDFC Bank
“Highly knowledgeable and experienced trainer.
Shares examples from real life experiences.
Keeps the team interested by repeating topics tough to understand” –AVP, IndusInd Bank
“A very well structured course which not only simplifies the theory but gets into the nitty gritty of practical application. The course has given me tips which I can use in negotiation with banks by understanding the small things which need to be kept in mind. Faculty is excellent. Overall a power-packed program!” –Manager, Hindustan Coca-Cola Beverages Pvt. Ltd.
Classification: EXTERNAL
4. The Overseas markets 12.15 p.m. – 1.00 p.m.
Trading Mechanism
Effect of interest rates, Carry Trades
Interplay with bond and stock markets
Interpreting Economic data Technical Analysis
5. Bourse Game 2.00 p.m. - 5.30 p.m.
Trading in a simulated environment
Record Keeping and Valuation
Day 2
RECAP - DAY 1 9.30 a.m. - 10.00 a.m.
6. Derivative Products - Options 10.00 a.m. - 11.15 a.m.
Types of options
Payoff profiles
Option terminology
Put Call Parity
7. Option Pricing & Valuation 11.30 a.m. –1.00 p.m.
Factors affecting pricing
Volatilities
Garmen Kohlagen model
Pricing spreadsheet and Exercises
8. Derivative Products - Swaps 2.00 p.m. - 4.00 p.m.
Interest Rate Swaps - Features, Examples, Key terms Forward rate Agreements - FRAs - Features, Examples
Currency Swaps - Features, Examples, Key terms
Swaps in India - OIS,MITOR,MIFOR,CMTs
9. Derivative Arithmetic 4.15 p.m. - 5.30 p.m.
Interest rate Arithmetic
Benchmark interest rates and Yield curves
Zero Coupon and Bootstrapping
Bootstrapping exercises
Day 3
RECAP - DAY 2 9.30 a.m. - 10.00 a.m.
10. Swaps - Pricing & Valuation 10.00 a.m. - 1.00 p.m.
Argentina | China | Hong Kong | India | Poland | Singapore | UK | USA
CRISIL Limited: CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai – 400076. India Phone: + 91 22 3342 3000 | Fax: + 91 22 3342 3001 | www.crisil.com
Examples using spreadsheets
Swaps - Unwinding
11. Foreign Exchange Exposure Management 2.00 p.m. – 3.15 p.m.
Monitoring Risk
Stop loss and Position Limits Cash flow Approach
CERTIFICATION EXAM 3.30 p.m – 5.30 p.m
Pre requisites
: The participants must have a basic background in finance.Note: Participants will be required to work on their laptop during the programme.
Programme Details
Venue: The Muse Sarovar Portico New Delhi, A-1, Chirag Enclave, Nehru Place, New Delhi – 110048.
Date: November 16-18, 2017 Timings: 09:30 am to 05:30 pm
Fees: Rs.35,000/- plus applicable taxes (non-residential) The fees include lunch and refreshments for the duration of the training.
Early Bird Discount of 10% if you register on or before October 25, 2017.
Cancellation Policy: CRISIL reserves the right to retain 25% of the fees, for any cancellations less than one week prior to the training programme and 50% of the fees in case of non-attendance. CRISIL reserves the right to accept or reject nominations at its sole discretion.
CRISIL reserves the right to reschedule/ cancel the programme at any point of time based on the circumstances.
To register for the programme, contact
Gloria D’silva/ Pema Bhutia on 022 3342 3199/ 3237
Email – [email protected]/ [email protected]
Payment Instructions
● Please pay by Cheque/ Demand Draft drawn in favour of “CRISIL Limited” and send it to Gloria D’silva, CRISIL House, Central Avenue Road, Hiranandani Business Park, Powai, Mumbai 400 076.
● Payment can also be made via NEFT. Please share the details of the payment made, to the above given email ids.
Note: The instructors are independent consultants who conduct the training on behalf of CRISIL Executive Training and as such, their views do not necessarily reflect the view of CRISIL Ltd.