Currency Forwards

Start Dates: TBC

Duration: 1 Day

Full Fee: €600

Network Members Fee: €350

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Programme overview

Please contact info@ifsskillnet.ie for more information on this course.

Learning outcomes:

  • Recap on spot FX
  • Know how forward FX rates are derived
  • Know the standard calendar dates for swaps and forwards
  • Understand tom next pricing

Who is the course for?

The programme is aimed at those working in the middle office or in operations groups needing to understand how currency forwards are derived. It would also suit those outside financial services working in corporate treasury

Course Content:

 

Pre-course

  • FX Forward Market – An Introduction
  • FX Forward Market – Calculating Swap/Forward Points & Cross Rates
  • FX Forward Market – Uses of Outrights & FX Swap
  • FX Forward Market – Short-Dated Outrights & FX Swaps

 

Course Outline

  • Welcome
  • Summary of pre-course work, giving participants an opportunity to ask any related questions
  • Recap on spot FX
  • Recap on day count conventions
  • Calculating a 12 month forward
  • Swap points and outrights
  • Calendar runs
  • Tom Next conventions
  • Applying FX swaps
    • Exercise – FX swaps
  • All-in-cost of borrowing foreign currencies (investment swaps)
    • Exercise – Cuckoo Investments
  • NDF’s overview
  • NDF’s example transactions

Post Course

  • FX Forward Market – Cross-Currency Borrowing & Investing
  • FX Forward Market – FX Swap Trading
  • FX Forward Market – Non-Deliverable Forwards (NDFs)

Trainer Profile

Please contact info@ifsskillnet.ie for further information on training providers.