Mastering Money Markets and Foreign Exchange
17 – 18 June 2014 | Shanghai, China
Course Overview:
This course shows how both markets interact and need each other to flourish. It will provide delegates with a thorough understanding of the mechanics of the money markets and foreign exchange products and the risks incurred when using these markets. Delegates will work through case studies and worked examples enabling them to put the theory into practice and gain the skills needed when they return to work.


By Attending This Course You Will:
  • Apply the mathematical formulas used in Money Markets and FX.
  • Describe the Capital Adequacy Requirement for Banks.
  • Name and use the main market conventions.
  • Explain the main payment day conventions.
  • Price and value different types of interest bearing instruments.
  • Price and value different types of discounted instruments.
  • Calculate Forward Rates.
  • Question the information contained in Forward Rates.
  • Work out the settlement amount of a Forward Rate Agreement (FRA).
  • Calculate FX Forward and Swap points (PIPS).
  • Select the best investment opportunity using covered interest arbitrage.
  • Name the variations of currency swaps.
  • Compare currency swaps with FX swaps.
  • Identify specialties in FX.
  • Appreciate how FX Options, Forwards and Spot FX are related.
  • Identify the areas of currency research.
  • Generate different FX Option profiles.
  • Understand the influences of the FX market.
  • Understand the trading rules.
  • Create your own trading model.
Course Outline:
DAY 1:
  • Mathematical refresher
  • Market conventions
  • Payment date conventions and how it affects the settlement date
  • Development of Money Markets
  • Money Market Instruments
  • Repurchase agreements (Repo’s)
  • Forward Markets
  • Forward Rate Agreements (FRA)
  • Interest Rate Futures
  • Overnight Index Swaps (OIS)

DAY 2:

  • Spot FX
  • Cross Rates
  • Forward FX
  • FX Swaps
  • Currency Swaps
  • Covered Interest Parity
  • FX Specialties
  • FX Options
  • What moves the markets
  • Trading rules
  • Summary


For More Information, Please Contact 
Mr. Joe Shen

Tel: +86 21 68407631
Fax: +86 21 68407633

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