Foreign Exchange – Level 2

Description

This course introduces participants to foreign exchange in line with the current ACI Diploma (Financial Market Association, France) syllabus. It builds on the Foreign Exchange level 1 curriculum, and is designed to provide advanced-level theoretical and practical knowledge of the foreign exchange markets by using different FX instruments and hedging techniques.

Course Details

Upon successful completion of this course, participants will be able to:

  • Explain the covered interest arbitrage
  • Recognise the Non-Deliverable Forwards (NDFs)
  • Illustrate calculation and pricing of synthetic FRAs (Forward Rate Agreements) using FWD-FWD (Forward) FX (Foreign Exchange) Swaps
  • Demonstrate ways of hedging a forward-forward transaction
  • Interpret risks in various FX transactions
  • Calculate different swap rates, historic rates rollovers, time options
  • Covered interest Arbitrage
  • Valuation and risk for a forward position
  • Time Options
  • Non-deliverable Forwards, Long-dated forwards
  • Historic rate roll-over

Senior FX traders, senior corporate desk dealers, senior treasury staff, senior back office & operations staff, senior risk management officers, senior officers - investment department, senior auditors, compliance officers, senior risk managers, system developers, and finance officers in corporations, import & export, and insurance companies.

Participants are expected to have a considerable background in fundamental mathematics and completed Foreign Exchange Level 1 (GBO165).

This course consists of lectures, discussions, in-class exercises and multiple-choice questions. Participants are also expected to complete an additional 5 hours of self-study.

Note: This course is examinable

Duration: 3 Days (5 hours per day) with the exam on the final day

Date:       26-28 Sep

Lecturers: BIBF Faculty

Fees: Member Organisations

  • GCC Nationals: Covered by Levy
  • Other Nationalities: BHD 75

Fees: Non-Member Organisations

  • All Nationalities: BHD 300

 

A calculator is required for this course.

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