E-Learning Course: Foreign Exchange Markets (Library of 9 courses)

  • ID: 3001312
  • Training
  • Region: Global
  • KESDEE Inc
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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.

Learning Objective:

Nuances of foreign exchange markets
Foreign exchange derivative products
Second-generation forward contracts
FX trading controls

Target Audience

Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from KESDEE’s innovative solutions.

Supervisory Agencies
Central Banks
Financial Institutions
Commercial Banks
Investment Banks
Housing Societies/Thrifts
Mutual Funds
Brokerage Houses
Stock Exchanges
Derivatives Exchanges
Insurance Companies
Multinational Corporations
Accountancy Firms
Consultancy Firms
Law Firms
Rating Agencies
Multi-lateral Financial Institutions
Others
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1. 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

2. Spot Market
Topics covered include:

Spot Foreign Exchange Transactions
Structure of Spot Rates
Direct and Indirect Quotes
Bid-Offer Spread
Cross Rates

3. Forward Market
Topics covered include:

Outright Forward Transactions
Determination of Forward Rates
Forward Cross Rates
Short Dates

4. 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

5. 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

6. Currency Options
Topics covered include:

Currency Options
Basic Option Strategies
Covered Strategies
Spread Strategies

7. Currency Swaps
Topics covered include:

FX Swaps
Currency Swaps
Currency Swap vs. FX Swap
Quoting Conventions
Types of Swaps
Uses of Currency Swaps

8. Second Generation Forward Contracts
Topics covered include:

Second Generation Forwards
Range Forwards
Participating Forwards
Break Forwards
Forward Sale Agreement

9. FX Trading Controls
Topics covered include:

ACI Model Codes regulations
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