FX Risk Management
This course is available on in-company basis and can be customised. Please contact us to discuss your requirements.
The foreign exchange (FX) market is the largest and most liquid sector of the global economy. The two principal segments of the market are the cash exchange market and the over-the-counter (OTC) FX and interest rate derivatives market.
The market serves as the primary mechanism for making payments across borders, transferring funds, and determining exchange rates between different national currencies. Daily turnover in the global foreign exchange market has reached US$6.6 trillion with a 40% increase in a daily trading volume over the last decade.
The market is today more diverse as well as much larger. The size of the FX market has grown as the economy has continued to globalise. The global pandemic and the recent events in Ukraine and the resulting impact upon the world’s economy have had a dramatic effect on market stability, price volatility and liquidity. This course will help you to keep up-to-date with these developments.
A one-day practical course conducted by a senior City Expert that explores FX market and FX risk management strategies. You will have a chance to learn about the market structure and operations, factors affecting price and FX rates, terminology and calculations. You will also learn trading strategies and the nature of FX exposure. Finally, you will learn about FX hedging methods and trading risks and the best global principles for good practices in FX.
The course will be interactive and hands-on, with opportunities to discuss FX issues and it uses actual risk case examples designed to be relevant to the participants’ field of activities.
What will you learn
After the course, participants will be able to:
- Have a good knowledge of the market structure
- Know the basic cash market and derivative trades in FX
- Select appropriate trades or instruments to meet common strategic and operational requirements
- Understand the rationale for practitioners when using FX products
- Execute FX trades with confidence based on a good understanding of the terminology, calculations and practices of the market
- Be conscious of the various risk issues facing the FX market users
- Understand the operational risk issues facing FX market users
You may be also interested in the following programmes:
- International Payments
- AML & KYC
- Commodity Markets
- International Securities Settlements & Global Custody
- Investment Performance Measurement, Attribution and Risk Management
- International Trade Finance
- Operational Risk Management
Register for any 2 courses at the same time and save extra £100! (in total, not per course)
Main topics covered during this training
- Market structure and operation
- Trading strategies and risk management
- FX hedging methods
- FX trading risks
- Operational risk issues in FX operations
Who should attend
- Treasury and other Asset Liability Management executives
- Central Banks and Government Treasury, and funding managers
- Insurance company and pension fund investment managers
- Asset managers and hedge funds
- Company finance executives and investment bankers
- Risk managers
- Auditors and accountants
- IT professionals
FX Risk Management - A 1 Day Course
Market structure and operation
- Market overview
- Price discovery and interpretation
- Factors affecting FX rates
- Procedures and practices
- Terminology and calculations
- Spot and forward FX, NDFs
- Futures, options and swaps
- Post-trade infrastructure
- Settlement cycles and methods
- Operational aspects, record keeping, payments, use of SWIFT
- Reconciliation and nostros
- The role of CLS Bank
- CCPs in the FX market
Trading strategies and risk management
- The nature of FX exposure
- Global principles of good practice in FX
- Trading applications, portals and platforms
- Using FX spot and forward transactions
- The role of FX derivatives and their structure
- Managing commercial and investment risks
FX hedging methods
- Understanding currency exposure
- Back-to-back loans
- Forwards and futures
- Currency swaps
FX trading risks
- Political risk
- Trading on margin
- Interest rate risk
- Price volatility
- Market liquidity
- Credit risk
- Exchange rate movement
- Devaluation risk
Operational risk issues in FX operations
- Understanding how and where operational risk manifests itself
- Legal and fraud risks
- How to treat these risks
- Internal procedures and control mechanisms
- Example use cases
Course Director has over 40 years’ international experience of financial markets. He specialises in the securities and derivatives industry, with particular expertise in the establishment of new markets, trading, operations, regulation, risk management, corporate governance, clearing and settlement. He has substantial executive experience with clearing houses, exchanges, international markets and in the management of IT. He works extensively with international clients including banks, central banks, asset managers, brokers, custodians, service providers and exchanges.
He has deep derivatives and securities experience and is recognised as a leading authority in the field of operations, investment and risk management. He has taught students leading to the CISI Diploma in Global Operations Management for fifteen years.
He is an expert on derivatives, commodities, foreign exchange, fixed income and equities and has contributed to and led many projects to introduce new exchanges. He has also presented product training courses around the world covering the utilisation of these various asset classes in investment portfolios and the market disciplines associated including risk management approaches. Alan regularly provides education on all aspects of investment operations including trading, settlement, custody and asset servicing for examination and general educational purposes.
Most of our public courses are run over 2 full days. Some programmes are offered as a 1 or 3 day training.
In-house training is tailored to client’s requirements and can be organised over 1 day, 2-3 weeks or longer.
Public courses are organised mainly in London and Dubai. Occasionally we organise courses in other centres like Paris or New York. Check our public course calendar for the current list of programmes. We use a range of training venues, all in the centre of the cities and with excellent transport links to the airports and train stations.
In London we use venues in the centre (near Oxford Circus station or in Mayfair) or in the City (near Liverpool Street or Moorgate stations).
In Dubai our courses are organised in one of 4-5* hotels in the Deira district. Once you register we will send you detailed information together with accommodation options if required.
Our in-house courses can be delivered anywhere in the world. We work with over 25 trainers worldwide. Contact us do discuss your requirements. Check our list of available programmes.
Our courses are run in central locations from 9 a.m until 5-5.30 p.m. There are 2 coffee breaks and a lunch break. Lunch is always provided in the venue.
Dress code is smart casual.
All our programmes are taught by senior specialists who have spent many years in their respective sectors, working as senior managers and head of departments, so they understand very well the market and the challenges you are facing.
The experience of our trainers allows us to create very practical programmes, focused on current market trends and challenges. You can be sure that you will gain the knowledge which can be instantly applied in your workplace after the course. You will be analysing real life case studies, take part in group exercises and discussions as well as role plays, whenever applicable.
We want our courses to be as practical and interactive as possible so we limit the number of participants in order to optimise your time with the trainer and allow you to ask questions which are important for you.
In order to understand your requirements and expectations, we will send you a pre-course questionnaire.
You will also receive post-course support so if you have any questions after you left the training, you are welcome to contact us.
There are 2 easy ways to register:
- Go to the course of your choice and click Register Now button to fill the registration page
- Email us to email@example.com
After you register, we will send you registration confirmation and an invoice so you can arrange the payment. Please note that your place is not confirmed until we receive it.
If you register within Early Bird discount period, there’s limited time to arrange the payment in order to be eligible for the discount. You will find all the details on the invoice.
We don’t advise to make any travel and hotel arrangements until you receive full course confirmation from us.
We will send you venue and course details as soon as possible but most likely about 3-4 weeks prior to the course commencement.
You can pay by:
- Making a bank transfer
- Debit/credit card
- Cheque payable to Eureka Financial Ltd. - only within UK
Just mark preferred paying option on the registration form. Whichever form of payment you choose we will always send you an invoice.
If you pay by card, a 2.2% processing fee will be added. We will send you authorisation form so you can give us your card details.
Included in the price of a public course are:
- Course tutorial
- Take away course materials
- Course Certificate
- Lunch on the days of the training as well as drinks and snacks throughout the course
The price doesn’t include accommodation, flights, transfers and any additional costs outside of the training venue.
Yes, we always offer Early Bird discount, so the sooner you register the more savings you can make. We also offer group discounts and if you register for 2 or more programmes at the same time.
If you are a full time student or unemployed, we offer a 25% discount of the full price of the training. Student ID or unemployment status confirmation is required to claim this discount.
If you attend one of our courses you will be entitled to a special discount for a year after the last course you attend with us. Also, if you have attended and recommended us to a friend, both you and your friend will receive a special discount. You will receive more information about it after you attend the course.
See our Customer Loyalty Discounts page for more details.
All our courses based in the UK are subject to the VAT charge of 20%. This fee is irrespective of the country of residence of the delegates.
You can, however, claim the VAT back by contacting UK tax office - HMRC, and filling the relevant form, as long as you comply with the following rules:
For Delegates coming from the EU countries
If you represent a registered business in another EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:
- You're not registered for VAT in the UK and don't have to, or can't be, registered here
- You don't have a place of business or a residence in the UK
- You don't make any supplies in the UK
You can find some more information here. In order to claim the VAT you have to fill Form 65.
For the Delegates from Non EU countries
If you represent a registered business in a non-EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:
- You're not registered for VAT in the UK and don't have to, or can't be, registered here
- You don't have a place of business or a residence in the EU
- You can only use the Refund Scheme if your own country operates a similar scheme and makes it available to UK businesses. If your country has its own Refund Scheme but doesn't let UK businesses use it, you can't claim under the UK Refund Scheme.
- You don't make any supplies in the UK
If the following rules apply to you, please fill the 65A form and send it to HMRC.
You can cancel your participation up to a month before the course and receive a refund minus 10% of the full course value. Between 2-4 weeks before the course you will be charged 50% cancellation fee and if you cancel less than 2 weeks before the course you can only offer your place to a colleague. Up to 2 weeks before the course you can reregister for another edition for 10% reregistration fee if there is another webinar offered or you can rebook for a course in London by paying the difference in price plus 10% reregistration fee.
If there is any official travel restriction or difficulty related to the COVID pandemic around the time of the course we will convert the training into a webinar or offer to attend the next classroom edition at no extra cost.
If you are unable to attend the course, you can either send a replacement at no extra charge or, up to 10 days before the training, you can transfer your booking to another edition within the next 6 months paying administrative fee of 20% of the full course price. For any cancellation requests received between 11 days and 4 weeks from the course we offer 50% refund or reregistration to another edition for 25% of the value of the booking. For any cancellation requests received more than 4 weeks before the course date we will offer a refund less an administration fee of 10% of the full course price.
Cancellations must be made in writing (letter or email) and reach our office four weeks prior to the course date. We regret that only limited refunds can be given after this period as per points above. Non-attendance without any notification will be charged at full rate. Your place on a course is not guaranteed until we receive the payment. All payments must be made in full before the course date.
All our trainers have been working for many years in their respective sectors before they begun to teach so they bring a wealth of practical experience to the classroom.
Most of them used to work for 15 or more years in the financial sector and corporate world, and were holding positions of Directors, VP and Senior Managers. Some of them have published books and have written articles for specialised magazines and newspapers including FT, The Independent, The Times etc. You can find detailed biography of each trainer on the page of the course you want to register for.
Yes, you will receive a Certificate of Attendance at the end of the course you attend.
If you have to apply for a Visa to attend a course in the UK, we will issue a letter to support your application. The letter will be issued only after the payment for the course has been made.
It is delegate’s responsibility to obtain a Visa and failure to do so will not make the participant exempt from the cancellation policy.
Anyone suspected of applying for a training course simply to gain a Visa letter will be reported to their embassy.
We will need the following information to issue an invitation letter:
- Full name as it appears on your passport
- Date of birth
- Passport number
- Passport issue date
- Passport expiry date