Course dates
Course overview
The foreign exchange and money markets are worth trillions and are the pivot of the financial markets, providing funding, investment opportunities and the conduit between all other financial markets. In recent years, the importance of the money markets has become even greater as financial institutions focus more closely on the management and diversification of their sources of liquidity, apply greater discipline to their funding and examine the attractions of short term investment and trading strategies.
This course provides a firm grounding in the instruments and activities of the international money and FX markets, sweeping away the confusion that can be created by the scale, speed and apparent diversity of the markets. It focuses on the current profile of the markets and offers up-to-date insights. The course also emphasises the integrated nature of the market - in particular, how different instruments perform the same or similar functions and the opportunities this provides for arbitrage and hedging. It also analyses the liquidity characteristics and risks of different instruments and funding strategies.
Summary of course content
- The FX and money markets and its participants
- The impact of Central Banks
- Money market products
- FX products
- Risk management issues
- The latest regulatory developments
Methodology
The course is a challenging programme taught with highly interactive and intensive group excercises and case studies.
Who should attend?
- Money market managers
- Corporate finance executives
- Treasury executives
- Relationship officers
- Foreign exchange executives
- Accountants and auditors
Supporting publications:
Day 1
Registration commences at 8:30
Programme runs from 9:00 - 5:00 daily
Overview
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What the money market does: liquidity and risk management
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The market participants
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Difference between the money markets and capital markets
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The interface between FX and the money markets
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The Euromarkets
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Current market overview
The role of central banks and their influence on the markets
Treasury management in financial institutions and corporations
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Balance sheet management
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Cash management
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Liquidity management / funding
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Asset liability management
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Interest rate risk management
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Currency management
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Forecasting
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Stress testing
- Transfer pricing
Cash products
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Deposits and deposit indices
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Traditional money market securities
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Modern money market instruments
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Nature and function
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Marketability
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Risk issues
Repos
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The mechanics
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Repo types
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Margining
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Collateral
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Credit exposures
Money market forwards and futures
Practical example
Interest rate options
Practical example
Day 2
Foreign exchange
FX forwards
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Forward FX mechanics
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Uses of forwards
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Hedging via forward FX
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Risk issues
Foreign exchange swaps
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Forward FX mechanics
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Uses of FX swaps
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Hedging via FX swaps
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Risk issues
Foreign exchange options
Practical example
Key currencies and their developments
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US Dollar
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Euro
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Chinese Yuan
- Gold
Day 3
Risk management for FX and money markets
- Risk governance / infrastructure / roles and responsibilities
- Credit risk
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Settlement risk
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Counterparty default risk
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Internal rating for customers using derivatives
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Credit risk mitigation
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Credit issues under Basel III
- Market risk
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Interest rate risk
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Spread risk
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Currency risk
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Commodity risk
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Market risk tools
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Duration
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Sensitivities
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Value-at-Risk
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Back-testing
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Operational risk
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Data collection
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Key risk indicators
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Self assessment
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Stress testing
Liquidity risk
Relevant legal, operational and information technology issues in FX and money markets
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Confirmations
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Master agreements
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Netting
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Margining
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Collateral management
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Credit support annex
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New product process
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Market data
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Product control
- Information technology
InterContinental Grand Stanford Hotel, Hong Kong, Hong Kong
This programme takes place on a non-residential basis at the InterContinental Grand Stanford Hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.
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Peter Buerger
Peter Buerger is Partner in the Frankfurt office of financial risk fitness. In his more than 20 years in the financial services industry, Peter has managed both strategic and operational functions and was accountable for projects of various sizes – both within Germany and internationally.
His core area of work and experience is in risk management. Prior to his current role, Peter worked for large international financial institutions, i.e. as Global Head of Risk Control for Commerzbank Group in Frankfurt, Germany and as Head of Strategic Risk Management & Control for HypoVereinsbank / UniCredit Group in Munich, Germany. Peter also brings in operative risk management experience from his role as branch manager for Commerzbank’s business in London, United Kingdom. In this role, Peter was responsible for credit risk management in the region “Western Europe and South Africa”, which included a significant credit sanctioning competence.
Besides pure risk management, Peter‘s consulting focus will also link into the subjects strategy, governance, portfolio restructuring, compliance, cost cutting and post-merger integration. Peter‘s expertise and experience covers a broad business and product spectrum - retail banking, corporate lending, investment banking,
asset management, commercial real estate. Peter was educated in the United States; he holds an MBA from Long Island University in New York. He also completed the Advanced Management Program at the INSEAD Business School in Fontainebleau, France.
Courses run by this instructor
Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.
Course dates