Course details
This course introduces the participants to foreign exchange in line with the current ACI (Financial Market Association, France) syllabus. It deals with foreign exchange, its terminology, spot and forward rates and develops a basic understanding of trading in foreign exchange markets.
Learning Outcomes
On successful completion of this course, participants will be able to:
- Describe the principal risks in Foreign Exchange (FX) transactions and the relationship between the forward rates and interest rates??
- Explain how the out/right markets function
- Identify ways of hedging against rising/declining interest rates
- Illustrate how to manage cash flow by linking the interest rates with FX market through hedging
- Calculate FX profit & loss, the average FX position, cross rates, forward FX rate from a spot FX rate and interest rate
Target Audience
New entrants to treasury department junior dealers; fx traders; corporate desk dealers; treasury operations staff ; middle office staff; auditors; compliance officers; risk managers; system developers; other business units where foreign exchange market is an important element in their work; finance officers in corporations / import and export / insurance
Entry Requirements
Participants are expected to have a considerable background in fundamental mathematics and have attended basic courses on Foreign Exchange.
Updated on 23 November, 2017Course Location
About Bahrain Institute for Banking & Finance
We_They plays a vital role in the training and development of human capital in the Kingdom of Bahrain. Our commitment to excellence has strengthened our position as the top provider of quality education across all major business disciplines. We serve as a partner to numerous world-class institutions; delivering thought leadership, research and advisory, assessment and training in the areas of Accounting and Finance, Academic, Executive Development, Banking, Leadership and Management, Insurance, Islamic Finance and Information Technology; resulting in a complete business solution.
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