Await
announcement of
Date
and Venue
for
the next Basix Training Programme
on
Foreign
Exchange Markets & Derivative
Programme
Content
Session
1 - The Foreign Exchange
Market
- The
state of the Indian and Global Forex Markets
- Spot
versus Forward Contracts
- Misconceptions
revisited
- Regulatory
scenario
- Outlook
for the Rupee and the major currencies
Session
2 - Currency Options
- Concept
– The alternative to Forward Contracts
- The
instrument
- Hedging
with Options
- Packaged
Options
- Straddles
- Strangle
- Spread
- Zero-cost structures
- Range
Forwards, Ratio Range Forwards
- Participating
Forwards
- Exotic
Options
- Barrier
Options –Knock In, Knock Out
- Average
Rate Options
- Others
–quick run-down
- Analysis
of some frequently recommended option structures by banks
- Regulations
governing Derivative transactions
Session 3 - Pricing of Vanilla
Options
- Components
of Option Premium – Intrinsic Value, Time Value
- The
Black Scholes Formula for Pricing Options
- Formula
for pricing Currency Options
- Factors
affecting Option Premium
- Sensitivity
of Option Premium to changes in Spot, Volatility, Time to Expiration &
Interest rates - “The
Greeks” –Delta, Vega, Theta(time decay) , Rho & Gamma
Session
4 – FRAs, Swaps & Risk Management of Foreign Currency Loans
- Libor
& Libor in arrears
- Forward
Rate Agreement
- Interest
Rate Swap
- Principal
Only Swap
- Currency
Swap
- Marking
to market (MTM) and managing risk on ECBs and FCNR(B) loans
David
Arputharaj, Course Director: is the Managing Director of Basix Forex
and a well-known forex expert with nearly 25 years of hands-on experience in
forex trading, derivatives and consulting. He has a brilliant academic and
professional background – M.Sc. Mathematics from IIT, Madras, Associate
of the Institute of Bankers, London and India and the Association Cambiste
International, Paris. He has received training extensively in various
multi-national banks during his two- decades- long banking career. He has
been Chief Dealer – forex in Syndicate Bank, Delhi, Bank of America, Bombay
and Saudi French Bank, Riyadh. He is a past President of the Forex Association
of India. As a leading consultant in the country, he has been advising and
training Indian corporates, exporters and importers on currency risk management
with or without derivatives for the past eight years.
Who
May Attend
MDs,
CEOs, CFOs, Financial Controllers, Corporate Treasurers & Treasury Staff, Head-
Finance & Finance Department officers, Corporate Dealers and Treasury Sales
Executives, Back-office personnel handling forex and derivative transactions,
Forex managers, Product Control, Audit & Risk Management staff in banks
and corporate treasuries, Exporters and Importers