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    Financial Management Series
 
Currency Hedging - Managing Foreign Exchange Volatility
  Brochure  |  Register  
   
   
 

Managing foreign currency exchange for your international program is just as important as managing all the other areas surrounding your event. Foreign Exchange Risk Management provides a broad overview of the philosophical, managerial and technical issues associated with managing foreign exchange exposures. The training sets out to equip delegates with the skills and techniques to formulate a plan so that you don't expose your budget to the volatile foreign exchange markets.

 
 *Fees mentioned are exclusive of 10.3% service tax
Date  City Fees (Individual)
Outlook
Offline
Online
5th November 2009 Mumbai  Rs. 19,500*
(Completed)
 
   
 
As part of the Financial Management Series, “Currency Hedging: Managing Foreign Exchange Volatility” is a highly participative one-day programme, culminating into an extensive knowledge bed of foreign exchange and currency options markets. The pertinent agenda of the event is targeted at spot and forward FX as well as the procedures and practices in the market, together with the economics and motivations of the market players. This programme is slated to explore and explain the FX markets from the perspective of both, the sell side (banks) and the buy side (corporate and asset managers). Foreign Exchange Risk Management provides an in-depth analysis of the philosophical, managerial and technical issues associated with foreign exchange exposures. This training is expected to equip the delegates with the skills and techniques to formulate a plan that acts as a shield against exposure to the volatility of foreign exchange markets.
 
Target Audience:
 
   
  • Corporate heads of Financial Institutions
  • CFOs of corporate houses with significant currency exposures
  • Bank professionals advising currency hedging
  • Dealers and Traders
  • Brokers and   Consultants
  • Financial / Business Analysts
  • Capital Market Intermediaries
Our Training Methodology
   
 

IVCJ's programmes have a healthy balance between theory and practice, making it easier for trainees to apply new skills and knowledge back in the workplace.

   
What makes Executive Training at IVCJ different?
   
  • Business solutions focused: through in-depth research and development at all levels in the market IVCJ is able to pinpoint the development areas most important and essential to today's market professionals. Focus on equipping trainees with the tools needed to overcome personal business challenges.
  • Unrivalled faculty of leading experts: the IVCJ faculty is comprised of some of the leading practitioners, trainers and consultants. During its research process, IVCJ identifies and invites thought leaders in each respective topic area to become the faculty for its executive training series.
  • Continuous enhancement: IVCJ's course programmes are continually reviewed and enhanced in order to reflect the changes encountered in the global markets. One can be certain that all content and applications are 100% up to date and state of the art.
Limited Class Size:
   
 

Our commitment to interactive-friendly class sizes means that there are limited seats and the spaces on this course are allocated on a first come, first served basis. Therefore we strongly advise candidates to enroll early to be sure of a seat by registering online www.vcindia.com or calling our Sales Desk

   
 
About the Faculties
   
 
Mr. SANJIT PRASAD, MCX Stock Exchange

Mr. Sanjit Prasad is Chief Business Officer with MCX – SX (MCX Stock Exchange).

Mr. Sanjit is responsible for designing marketing and business strategies for the exchange. Mr. Sanjit is also primarily looking for generating business by educating the members and other constituents of the ecosystem about trading and hedging strategies on the exchange. He acts as an interlude between the members and the exchange and gave vital inputs in designing of the contracts. He had been associated with MCX group since its inception and has played various developmental role for MCX also.

Prior to joining MCX group, Mr. Prasad spent more than 10 years in the capital market. He had a long stint with SBI Funds Management, Stock Holding Corporation of India Ltd., and Lloyds Finance. 

Mr. Prasad is a graduate from the Institute  of Rural Management , Anand.

   
   
 

Mr. U. VENKATARAMAN, MCX Stock Exchange

Mr. Venkataraman is an expert in the foreign exchange and money markets, with more than 22 years of experience. Prior to joining MCX Stock Exchange, he was the head of treasury at IDBI Bank in Mumbai, where he was in charge of the entire treasury operations of the Bank and was responsible for its foreign exchange exposure as well as liquidity, among others.

Part of his brief at IDBI Bank was to generate revenue through foreign exchange trading, hedging the Bank's core banking book with interest derivatives and strategising the foreign exchange money market and derivative trading desks. He has generated revenue for the Bank through bond trading and secured interbank term placements and bulk deposits. He has also managed the Bank's fixed income portfolio, including maintenance of the statutory reserves. He has represented IDBI Bank in the Managing Committee of the Foreign Exchange Dealers Association of India (FEDAI).

Prior to IDBI Bank, Mr. Venkataraman was the chief dealer at Syndicate Bank's international division in Mumbai. He was deputed to Syndicate Bank's London branch for audit of treasury operations.

A university rank-holder in business administration and a certified associate of Indian Institute of Banking and Finance, Mr. Venkataraman brings to MCX-SX his deep knowledge and hands-on experience of the foreign exchange market and management of risk therein.

Mr. Venkataraman has attended several training programmes on professional subjects such as foreign exchange bourse, market risks and derivatives, international payments and trade finance among others. He has also conducted seminars and is a visiting faculty at a number of institutions such as the Institute of Chartered Accountants of India; Institute of Chartered Financial Analysts of India, and Confederation of Indian Industries (CII). He has also delivered guest lectures at Delhi School of Economics, Jamnalal Bajaj Institute of Management, and S.P. Jain Institute of Management, Mumbai.

   
   
 
Mr. Amyn Mecklai, Mecklai & Mecklai

Mr. Amyn Mecklai joined Mecklai & Mecklai Associates in 1989 as a junior Forex Dealer. From 1995-1997, he managed the family business venture in Sri Lanka which specialised in forex, call money and bond markets. His key responsibilities included setting up the right team, whilst building and developing relationships across all Sri Lankan banks. Today, he is an established spot dealer. He is an active member of the Forex Association of India for the last 3 years. He is also an active committee member of the Bombay Exchange Brokers' Association as well as the Indo Sri Lankan Society. He is a speaker at the National Institute of Bank Management, Pune, for inter-bank markets. He is also a speaker at the Trinity Academy in Mumbai, regarding forex dealings through the broker network. He holds a Diploma in Business Management from St. Xavier's College, Mumbai.

   
   
 
Mr. Shrikar Dole, FIEO

Mr. Shrikar Dole, an Air Force Fighter pilot, did his Masters in Business Administration (MBA) majoring in International Marketing, with further specialisation in International Trade from CBI Netherlands. From 1983 to 1997, he has worked in various capacities with the private sector in International Marketing. He has been involved in establishing the Division for International business for Import and Export as Manager and as advisor to the companies in Textiles, Chemicals and Engineering for successful International business from India.

Working with Trade promotion organisations, he has been closely associated in various capacities with policy formulations for India's efforts in International Business. He conceptualised a unique Trade promotion platform to showcase the Indian engineering capabilities in North and South America. He also was the COO of the first such facility in Chicago (USA) for three years. During this period, he was involved in a number of successful joint ventures and strategic partnerships.

In USA, he has been speaker on various forums, promoting India including Asia Society; New York. He has also been involved in planning and executing various International trade events; Bilateral Trade-Delegations and Market Research.

Ability to see the big picture, understanding the current and future climate of the industry, understanding of competition that exists outside the normal bounds of one's industry are some of his core competencies.

Presently, he is Joint Deputy Director General with Federation of Indian Exports Organisations, a body set up by Ministry of Commerce & Industry, as head of Western Region.

   
   
 
Mr. Dilip Raghuwanshi, Asit C. Mehta

Mr. Dilip Raghuvanshi is currently associated with Asit C Mehta Investment Intermediates Ltd., Mumbai as Forex Advisor. Prior to this, he was a Forex Dealer for Orient Exchange company, Dubai; ANZ Grindlays Bank, Dubai and the First National Bank of Chicago, Dubai. He was also working in the capacity of Teller for The First National Bank of Chicago, Dubai. Prior to that, he was the Chief Cashier for The Bank of Oman Ltd., Dubai (Mashreq Bank).

He holds a Bachelor of Commerce Degree from the University of Mumbai as well as a Diploma in Foreign Exchange and Derivatives from ACI London.

   
   
 
Ms. Hiral Jain, Asit C. Mehta

Mr. Hiral Jain is currently associated with Asit C.Mehta Investments Intermediates Ltd., Mumbai as Forex Dealer. Among his several projects and initiatives are his summer project on "FOREX Derivatives and its Implication on companies; valuation using FCFF, FCFE, EVA & APV model; Analysis of Union Budget 2008-2009 on various sectors and its implications thereon as well as Option Pricing through Binomial Trees, Dynamic delta Hedging, Trading Strategies with Greeks.
She holds Masters in Business Administration (MBA) in Finance and a Bachelors Degree in Commerce.

   
   
 
Programme Schedule:
 
   
 
 Date  Session  Topic  Faculty
 09:00 AM  Session 1
  Overview of Foreign Exchange Markets

 

• Historical overview
• Cash & Spot Exchange
• Market participants and their   motivations
• Different currency classifications -   major, minor, crosses, emerging
  markets
• Forex & Interest Rate Markets

Mr. Amyn Mecklai,
Mecklai & Mecklai**

 

 
 10:00 AM  Tea and Coffee Break  
 10:30 AM  Session 2
  ECONOMICS OF FOREIGN EXCHANGE
  • What drives the market?
• Factors affecting exchange rate?
• Long and short term influences
• Supply and demand
• Economic indicators, breaking news,   uncertainty and rumour
• Government policy and intervention
• Purchasing Power Parity (PPP)
Mr. Amyn Mecklai,
Mecklai & Mecklai**

 

 
 11:30 AM  Session 3
  MECHANICS OF FOREIGN EXCHANGE -   MARKET OPERATIONS
  • Timing, procedures and practices
• Spot FX quotes
• Direct and indirect quotations
• Cross currency calculations
• Case study
Mr. U. VENKATARAMAN,
MCX Stock Exchange**

 

 
 12:30 PM  Lunch
 01:30 PM  Session 4
  FORWARD FOREIGN EXCHANGE

 

• Relationships with interest rates
• Forward points, premiums and
  discounts
• FX futures
• Speculation in Futures Markets

Mr. Sanjit Prasad, MCX Stock Exchange**

 

 
 02:30 PM  Session 5
  FOREIGN EXCHANGE RISKS

 

• Types of Risks & exposures for   corporates, exports, imports,
  borrowing, competitions
• Measurement and quantifying of
   Risks
Value at Risk (VaR)
• Introduction to VaR
• Application of VaR in Forex Markets
Mr. Dilip Raghuwanshi,
Asit C Mehta**

 

 
 03:30 PM  Tea and Coffee Break  
 04:00 PM  Session 6
  CURRENCY RISK MANAGEMENT

 

• Tools of Risk Mangement
  (Forward, Future, Swaps, Options)
• Hedging through   Forward/Futures/Options/Swaps
• Exposure management process
• Practical aspects of a hedging policy
• Strategic vs dynamic hedging
• Transaction, trading, competitive,   translation
• Actual illustration
Ms. Hiral Jain,
Asit C Mehta**

 

 
 05:30 PM  Session 7
  CASE STUDY

 

• Where Corporate Treasuries have
   failed using FX derivatives
• Practical structures used by Indian
  and International corporates
Mr. Srikar Dole, FEDERATION OF
INDIAN EXPORT
ORGANISATION**

Mr. Rajesh Bhatia, FEDERATION OF INDIAN EXPORT ORGANISATION**

 

 
 06:15 PM  Closing Day 1  
   
 

** Confirmed
* Awaiting Confirmation

   
   
   
   
   
 
*Disclaimer: Any changes in speakers or modifications of the programme shall not constitute reasons for a refund or cancellation. The faculties from our Knowledge Partners may vary from city to city.
   
 
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Compass BPO
Consort Capital
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CREDAI NCR
Crisil Ltd
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Deloitte
Deloitte Haskins & Sells
Desearch Enterprises
Deshmukh Builders Pvt Ltd
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DSP Merrill Lynch
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Evalueserve
Express Computers
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Finsmart Global
Fitch Ratings
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Frontline Venture Services
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IDBI Bank Ltd.
IDBI Ltd
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IDG Ventures India
IFMR Trust
IL & FS Investment Managers Ltd
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Indian Banks Association
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Intel Capital
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