Foreign Exchange Course

E-learning

The Foreign Exchange Course discusses the concepts of the different products that are available in the financial markets to hedge currency risk. The course first describes the basics in Foreign Exchange products and terminology and then continues to discuss the most commonly used FX instruments to hedge FX risk, from FX forwards to FX options.
This course is aimed at (junior) staff who are responsible for the FX management within a company and concluding FX transactions. The course is also usefull for consultancy -and bank personnel who are advising companies in how to manage FX risk.

The course lasts two days and contains the following topics:

  1. FX Spot and Cross Rates
  2. FX Forward and NDF
  3. FX Swaps
  4. FX Options

Programme

Day 1

• FX terminology and ISO codes
• FX Spot
• FX Cross rate calculations
• FX Forwards and swap points
• Applications for FX Forwards
• Non Deliverable Forwards (NDF)
• FX Benchmark Fixing
• FX Swaps
• Swap points against or in favour
• Relationship between swap points and interest rates.

Day 2

• O/n and t/n swaps
• FX rates value today and value tomorrow
• Forward-forward swap
• FX swap applications
• FX Options
• ATM, ITM and OTM
• Intrinsic value and time value
• Introduction to Black & Scholes model
• Hedging with options

General Information

Level

Bachelor

Entrance level

This is a main introduction course therefore no preconditions are set

Exam

After having attended the course the attendants can take an exam. The exam has 30 multiplie choice questions. Please consult the Exam Regulations.

Course Schedule

2 days from 9.30 am to 3.30 pm

Study time

40 hours of which 12 contact hours

Course Material

E-learning Banking Foreign Exchange Course

Price open training

€ 1.750,00 (No VAT, including study material) / minimum attendants 4

Price in-house training

€ 6.500,00 (No VAT, including study material) / maximum of 12 attendants (online: 8 attendants)

Trainer

Lex van der Wielen / Susan Stanworth