Guy O’Loughnane – Foreign Exchange – Deliverable Forwards – CFI Education

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Exploring the Essential Features of “Guy O’Loughnane – Foreign Exchange – Deliverable Forwards – CFI Education”

Foreign Exchange – Deliverable Forwards
Become an expert on Foreign Exchange forwards using real-world scenarios which highlight the advantage of this Capital Markets product in hedging and trading.

• Learn all about how market professionals talk about and trade FX forwards
• Understand the math behind calculating forward FX prices and cross-rates
• Explore how to manage a nostro account and interest rate exposure using FX forwards

Overview
Foreign Exchange – Deliverable Forwards Overview
This course titled Foreign Exchange – Deliverable Forwards covers a wide range of important topics, teaching you how to use deliverable forwards effectively. First, you will learn the benefits and drawbacks of these tools and understand how forward points work. We will explore forward FX prices, forward cross rates and forward FX broken dates. You will also learn strategies to deal with interest exposure, as well as how to manage a nostro account. After this course, you will have a more comprehensive understanding of how to use deliverable forwards to your advantage.  

Foreign Exchange – Deliverable Forwards Learning Objectives

• Explain the financial benefits of using FX deliverable forwards
• Identify the differences between a spot, a forward, and a forward outright
• Gain familiarity with forward foreign exchange terminology and understand its limitations
• Calculate forward FX prices, forward cross rates, and forward FX broken dates      
• Use forward FX trades to manage a nostro account and interest rate exposure 

Who Should Take This Course?
This Foreign Exchange – Deliverable Forwards course is great for anyone considering hedging currency risk exposure. Anyone interested in a career involving forwards or currency trading can benefit by understanding the key ideas discussed in this course.

What you’ll learn

• Introduction
  Course Introduction 
  Downloadable Material
• Deliverable Forwards
  Deliverable Forwards Overview 
  Deliverable Forwards Transaction 
  Forward Outrights 
  Why Use Foreign Exchange Forwards? 
  Calculating Forward Points 
  Forward Point Calculation Example 
  Forward Point Calculation – Exercise
  Variable Exchange Rate (Fixed Interest Rates)
  Fixed Exchange Rate (Narrower Interest Rate Differential) 
  Fixed Exchange Rate (Wider Interest Rate Differential) 
  Fixed Exchange Rate and Interest Rate Differential (Lower Nominal Rates)
  Fixed Exchange Rate (Base Currency Rate Higher Than Counter Currency)
  Forward Points Table
  Calculating Sub 1-Year Forward Points – Example
  Sub 1-Year Forward Point Calculation – Exercise
• Forwards in Action
  Nostro Account
  Market Time Periods
  Bank’s Nostro Account
  Unbalanced Nostro Accounts
  Salami Slicing
  Deliverable Forward Confirmation Ticket
  Fixed Counter Currency Amounts
  Unequal Notional Amounts
  Market Time Period Questions
  Interactive Exercise 1
• Midway Check-In
  Midway Check-In
• Tailored Dates
  Tailored Dates and Forward Curves
  The Refined Curve
  Short-Term Interest Rates
  Interest Rate Changes
  Event Dates and Kinks in the Curve
  Kinked Curve Calculation
  Kinked Curves in an Uncertain World
  Price Movements
  Tailored Dates
  Interactive Exercise 2
• Market Application
  Forward Quotes
  Quoting Around Par
  Reading a Forward Curve
  Managing Forward Exposure
  Forward Forwards: How to Calculate
  CME IMM FWD-FWDs and Rolls
  Calculating a Forward Cross Rate
  Interactive Exercise 3
• Conclusion
  Conclusion
• Qualified Assessment
  Qualified Assessment

This Course is Part of the Following Programs
 
All Capital Markets & Securities Analyst (CMSA)® Courses
Foreign Exchange – Deliverable Forwards is part of the Capital Markets & Securities Analyst (CMSA)®, which includes 41 courses.

• Skills Learned
  Trading strategies used in the finance and capital markets
• Career Prep
  Work in capital markets, whether on the buy-side or the sell-side

Please see the full list of alternative group-buy courses available here: https://lunacourse.com/shop/