Foreign Exchange Markets - Online

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.

This is an online self study course that can be globally accessed 24/7 from any internet enabled computer. Access is for 91 days. Certificates with earned credits will be awarded upon successful completion.

Available TodayOnlineUSD$150
Instructional Method:
Self-Study
Level: Basic

ICB CREDITSICPAS CREDITS
56
New FX traders and investors, foreign exchange staff in commercial banks, middle office, auditors, securities firms, insurance companies and corporations, analysts, and junior traders.
Students will be able to:
  • Understand Nuances of foreign exchange markets
  • Understand Foreign exchange derivative products
  • Understand Second-generation forward contracts
  • Understand FX trading controls
Familiarity with basic financial concepts
  • Corporate Treasury Management: Foreign Exchange Management - Online
    • Overview of Foreign Exchange Market
    Topics covered include:
    • Meaning of Foreign Exchange
    • Market Size
    • Reasons to Trade FX
    • Market Timings
    • History
    • Market Participants
    • Dealing Methods
    Duration: 1 hour

    Spot Market
    Topics covered include:
    • Spot Foreign Exchange Transactions
    • Structure of Spot Rates
    • Direct and Indirect Quotes
    • Bid-Offer Spread
    • Cross Rates
    Duration: 1 hour

    Forward Market
    Topics covered include:
    • Outright Forward Transactions
    • Determination of Forward Rates
    • Forward Cross Rates
    • Short Dates
    Duration: 1 hour

    Determination of Exchange Rates
    Topics covered include:
    • Interest Rate Parity
    • Purchasing Power Parity
    • The Fisher Effect
    • Balance of Payments Approach
    • Monetary Approach
    • Portfolio Balance Approach
    • Forecasting Exchange Rates
    Duration: 1 hour

    Currency Futures
    Topics covered include:
    • Futures vs. Forward Contracts
    • Currency Futures Market
    • Futures Contract Specifications
    • Marking to Market
    • Futures Quotation
    • Pricing Currency Futures
    • Hedging with Currency Futures
    • Speculation with Currency Futures
    Duration: 1 hour

    Currency Options
    Topics covered include:
    • Currency Options
    • Basic Option Strategies
    • Covered Strategies
    • Spread Strategies
    Duration: 1.5 hours

    Currency Swaps
    In this module, you will learn about:
    • FX Swaps
    • Currency Swaps
    • Currency Swap vs. FX Swap
    • Quoting Conventions
    • Types of Swaps
    • Uses of Currency Swaps
    Duration: 1 hour

    Second Generation Forward Contracts
    Topics covered include:
    • Second Generation Forwards
    • Range Forwards
    • Participating Forwards
    • Break Forwards
    • Forward Sale Agreement
    Duration: 1 hour

    FX Trading Controls
    Topics covered include:
    • ACI Model Codes regulations
    Duration: 2 hours

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

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