https://www.eurofinance.com/thank-you-request-a-call-back/ https://www.eurofinance.com/thank-you-download-brochure/

Advanced FX Risk Management

Dates and locations

  • Amsterdam, Netherlands | November 14th-15th 2022 | From €1779 + 20% VAT
  • Overview
  • Agenda
  • Tutor
  • Prices
  • This course will look at the main types of FX risk, how to manage them and the importance of formulating an appropriate hedging policy suitable to your organisation’s specific needs. The contextual aspects of FX risk such as tax, accounting, reporting and more will also be covered as well as how the use of a Treasury Management System and other automation can add value to your company.

    Group discussions and real life case studies are used to illustrate how FX risk management is applied in practice.

    Who should attend
  • Learning objectives

    By the end of the course, you will:

    • Understand the dynamics and drivers of different categories of FX risk, such as cash flow, intercompany lending, translational and balance sheet risk.
    • Have knowledge of different levels of sophistication in managing FX risk and the pros and cons of each option
    • Learn about best-of-breed FX risk management for different categories and industries and understand the associated requirements
    • Learn how to make the most of a Treasury Management System, other systems and processes in managing FX risk and streamline work flows
    • Be able to critically assess, review and propose changes to a corporate’s FX risk management policy
    • Work with the other attendees to develop a fully-fledged FX policy for an individual company and also a complex group
    Learning objectives
  • Key benefits

    • Deepen your understanding of FX risk management which is growing in importance as well as complexity.
    • Learn about the considerations to be addressed to put theory into practice and to manage it on an on-going basis.
    • Come back to your company with ideas on how to improve its FX risk management
  • Who should attend?

    • Treasury professionals who work on managing FX risk in an international corporate in a managerial role, as a dealer or in a control function.
    • Finance Directors and Financial Controllers in an international corporate with significant FX exposure who wish to better understand the context and background of foreign exchange
    • Financial institutions, treasury management system providers and other suppliers who want to understand their clients’ perspective.
    Who should attend
  • Why train with EuroFinance?

    • Real world treasury training
      Leave with skills and techniques that you can immediately apply when you get back to the office.
    • Unrivalled knowledge of current best practice
      We talk to treasurers on a daily basis and know what matters most to the profession.
    • Expert tutors
      We have secured the services of the leading tutors in the profession with both banking knowledge and corporate expertise to give you the best all-round training available.
    • Truly global
      We run treasury events all around the world and attract a very international audience.
    • Practical teaching method
      Our courses aren’t just theory, we use real-life case studies and group exercises to illustrate each learning point
    Why EuroFinance

Agenda

  • Day 1 down-arrow
    • 8.30

      Registration and refreshments

       

    • 9.00am

      Introduction & key concepts in FX

      • FX markets & instruments
        FX in pricing, budgeting and accounting
      • Day-to-day foreign transaction bookings
      • Overview of regulatory and tax aspects (Exchange controls; Regulatory reporting; Dodd-Frank/MIFID; EMIR; Basel III; Tax considerations with FX gains & losses)
      • FX in cash versus risk management
      • Cash and balance sheet forecasting
      • Common challenges overview (Data reliability in cash forecasting; FX & bank relationship management; ISDA documentation; Illiquid, pegged and costly-to-hedge currencies; Trapped foreign currency cash; Embedded derivatives; Political interference in FX markets; FX ‘accounting’ losses & reputational risk; Investor relations; Senior management understanding and buy-in)

       

    • 10.45am

      Break

    • 11.00am

      FX risk management Policy Building

      • To hedge or not to hedge?
      • Basic & best-of-breed FX policy document requirements
      • Risk management methodologies – Pros and cons
      • Practical aspects to be considered when setting policy – Processes, Treasury Management Systems & other systems, outsourcing, reporting and internal controls
      • Industry examples
    • 12.45pm

      Lunch

    • 1.45pm

      Group Discussion

      • Designing a single-company corporate FX policy and appropriate environment
    • 3.15pm

      Break

    • 3.30pm

      Trends & changes in FX

      • Trends and changes
        • IBOR reform
        • SWIFT ISO20022 standard for cross-border payments
        • Brexit related changes
        • Hedge accounting
        • (Almost) Wholly automated environments
        • AI-enhanced cash forecasting
        • Cryptocurrencies inc Stablecoins & Central Bank Digital Currencies (CBDCs)
        • Instant Cross-Border Payments (IXB)
        • Fintechs
      • Group Discussion
        • Make the previous policies resilient and adaptable to change
    • 5.00pm

       End of Day 1

  • Day 2 down-arrow
    • 8.30am

      Welcome break

    • 9.00am

      Recap & questions

    • 09.15am

      Group/Multi-Company FX Management

      • Intercompany FX and intercompany loans
      • Intercompany sales
      • Corporate transactions
        • Royalties
        • Management and other recharges
        • Dividends
        • Restructuring and M&A
      • Group multi-currency cash management
      • Offsetting risk
      • Running risk portfolios
      • Best-of-breed structures for advanced risk management
      • Net equity hedging
    • 10.45am

      Break

    • 11.00am

      Group FX optimisation structures

      • Netting
      • Virtual accounts
      • Payments-on-behalf-of (POBO) and collections-on-behalf-of (COBO)
      • Treasury centres / In-house banks (TCs & IHB)
      • Accounting & tax considerations overview (Intercompany and hedge accounting; Intercompany rates, BEPS & Global Minimum Taxation)
    • 12.45pm

      Lunch

    • 1.45pm

      Group Discussion

      • Design a group-wide corporate FX risk management policy and control environment
        • Group policy
        • Treasury centre/FX risk management centre of expertise policy
        • Individual subsidiary-level policy
    • 3.15pm

      Break

    • 3.30pm

      Group Discussion – Continued

    • 4.15pm

      Q&A

    • 5.00pm

      End of course

Tutor

Nicholas Franck

EuroFinance Tutor EuroFinance

Nicholas (‘Nick’) Franck has worked 30+ years in corporate treasury, trading, transaction banking, and treasury consultancy: 19 years in multi-industry corporates (IBM, International SOS, Agility Logistics and Oriflame Cosmetics;) 7 years in banks (Merrill Lynch and Chase Manhattan;) 6 years in treasury consultancy (CFO Solutions.) In these companies, his work has been mainly on startups and change. He has worked in and advised on technology, processes, outsourcing, treasury functions & treasury centres, worldwide. His expertise covers cash, liquidity, working capital and risk management within a business’s broader finance and commercial context. His in-depth knowledge makes him a versatile, convincing and compelling trainer.

Nicholas Franck

Prices

€2199+20% VAT €1779 + 20% VAT – Book by September 16th 2022 and save €420