Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

Mechanism of the Foreign Exchange Market

By: TSI Limited

Lagos State, Nigeria

03 - 05 Sep, 2018  3 days

Follow Event

  

NGN 180,000

This training course aims to introduce key concepts and fundamental mechanisms of the foreign exchange markets and the various related instruments (spot exchange, forward exchange, derivatives) as well as their usage in trading and in foreign exchange risk hedging.

Learning Objectives:

At the end of this session, participants will be able to:

  • Define the Foreign Exchange Market;
  • Identify instruments and currencies traded in the market; 
  • Demonstrate selection and pricing of instrument/currencies;
  • List market participants
  • Explain Forward and Futures;
  • Identify risks prevalent in several products and hedging methods;
  • Demonstrate trading, delivery and settlement system.

Course Outline

  • Organization of the market and spot exchange operations
  • Market history: end of the Bretton Woods and floating currencies
  • Players typology: market makers, brokers, investors
  • Transactions typology: arbitrage, hedging, speculation
  • Electronic trading platforms
  • Spot exchange:
  • Direct quotations and indirect quotations
  • Bid/ask spread
  • Determination of FX crosses
  • Chartist analysis and fundamental analysis  
  • Forwards outright transactions and forex swaps
  • Forwards
  • Maturity stages and backwardation/forwardation
  • Determination of the long term exchange rate
  • Application: hedging foreign exchange risk
  • NDF (Non Deliverable Forwards) market
  • FX swap
  • Outline of an FX swap : first leg and second leg
  • Comparison between an FX swap and a forward contract
  • Application hedging the FX risk
  • FX futures and options
  • Over-the-counter FX options
  • Vanilla options (call/put) : characteristics (sensitiveness), valuation
  • Compound options: collar, straddle, strangle
  • Application hedging FX risk
  • Exercise : comparison between FX risk hedging using an option, compound options, and a forward contract
  • FX futures options
  • FX futures: characteristics, valuation, margin call
  • Futures options: valuation, margin calls
  • Comparison with OTC products
  • Introduction to the Chicago Mercantile Exchange platform
  • Case study - hedging FX risk
  • Centralization of multiple currency cash flows
  • Setting up a hedging strategy : selection of instruments and exposure level (total hedging or partial hedging) 
  • Managing the hedging efficiency : neutral delat/gamma portfolio
4, Akinpelu Street, Lagos-Ibadan Express Road, Behind Femak Petrol Station, Ibafo Bus stop, Ibafo, Ogun State Sep 03 - 05 Sep, 2018
NGN 180,000.00
(Convert Currency)

+1-646-202-8832, 08033467639, 08023019508

Related Courses
Basel II Framework Basel II Framework

3 days, 10 - 12 Sep, 2018 

2018-09-10 12:09:00
Lagos State, Nigeria

TSI Limited

The Basel Committee on Banking Supervision has issued for a package of proposals to strengthen global capital and liquidity regulations with the goal of promoting a more resilient banking ...

Public Private Partnership - Project Finance and PPP Public Private Partnership - Project Finance and PPP

3 days, 17 - 19 Sep, 2018 

2018-09-17 12:09:00
Lagos State, Nigeria

TSI Limited

The concept of PPP obligates a more collaborative relationship between both sectors, fostered by openness and trust. This presents a major shift from the traditional 'arms-length' approach in ...

Managing Budgets Managing Budgets

3 days, 23 - 25 Jul, 2018 

2018-07-23 12:07:00
Lagos State, Nigeria

TSI Limited

To ensure effective financial management of a department or and even the entire organization, there is the need to ensure compliance with the approved budget while operational costs need to be ...

Fundamentals of Business Process Re-Engineering Fundamentals of Business Process Re-Engineering

3 days, 05 - 07 Feb, 2018 

2018-02-05 12:02:00
Lagos State, Nigeria

TSI Limited

BPR is defined as the fundamental rethinking and radical redesign of business processes to bring about dramatic improvements in organizational performance. Throughout business or government, change ...