/  Treasury Products and Risk Management
Pay Attention Please ! The course location "Champs Elysees" is subject to availability . We may change the course location if there is no availability and we will let you know about the location changing directly if it changes. The exact course time will be clear before one week prior to course start date.
BMC Training provides on 28 Oct 2018 Treasury Products and Risk Management course [Finance , Accounting and Budgeting] in Paris,France

The Course Outlines:

Treasury Risk Management

  • Role of the treasurer
  • Role of the CFO
  • Functions of a treasury
  • Profit centres and cost centres
  • Netting and in-house banks
  • Importance of policies, procedures and risk management controls

Treasury Solutions – Currency Risk

  • Client exposure management
  • Hedging solutions - market
  • spot foreign exchange
  • base and variable currencies
  • cross rates
  • forward foreign exchange
  • forward pricing
  • forward points
  • foreign exchange swaps
  • currency swaps
  • exchanges of principal
  • gross and net settlement of differentials
  • relationship to forward market
  • advantages over forward market
  • currency options
  • comparison with the forward market
  • ‘Natural’ hedging

How Hedging Works

  • Identifying and analysing risk
  • types of risk
  • long and short positions
  • Hedging
  • physical delivery
  • contracts for differences
  • the importance of carry
  • put/call parity
  • the role of leverage in derivatives hedges
  • OTC and exchange traded products
  • how initial and variation margins work
  • Herstatt risk
  • DVP, PVP & CLS Bank
  • symmetrical and asymmetrical risk management
  • equal and opposite positions
  • correlation and partial hedges
  • when is a hedge a speculative position?
  • IAS 39

Evaluating the Benefits of Treasury Management

  • Evaluating upside and downside risks
  • Advising clients on risk management
  • Managing costs

Money Markets and Interest Rate Risk

  • TBills, CDs, CP, ABCP
  • IBORs, IBIDs, IMEANs and the interbank money markets
  • Repos, Securities Lending and Sell/Buy backs
  • Day count conventions: act/360, 30/360, act/act ....
  • Discounts and yields
  • Present values, future values, IRRs, YTMs and AICs
  • ICMA 803.1 & 803.2

Understanding Money Market/Swap Market Yield Curves

  • Liquidity preferences
  • Preferred habitats
  • Market expectations
  • Market segmentation
  • Efficient markets?



Related Training Courses

Course Details
  • Code FBA77
  • Start 09:00 AM - Oct 28 2018
  • END    12:30 PM - Nov 1 2018
  • Paris , Champs Elysees
  • +44 2087206971
  • Training@bmc.net

Fees Per Person

5400 GBP + VAT
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