This training program will discuss basic foreign exchange principles, foreign exchange best practices, the foreign exchange process flow, and general best practices for managing foreign exchange operations risk.
Why Should You Attend:
This intensive course will detail how FX trading processes work, what are the risks and how these can be managed and mitigated effectively. This highly interactive course will comprise of PowerPoint presentations, case studies, multidirectional discussions and exercises.
The foreign exchange market is the largest and most liquid sector of the global economy. According to a survey conducted by the Bank for International Settlements, foreign exchange turnover averages over $5.5 trillion per day. Put another way in three days foreign exchange turnover is sufficient to cover world trade in a year.
The increased complexity of the market plus higher trade volumes have necessitated constant changes in trading procedures, trade capture systems, operational procedures, and risk management tools.
This course will provide a solid foundation to all parties involved in foreign exchange activities whether at executive, marketing, audit or operational levels into how the actual trading processes work, what the risks are and how these can be mitigated by using clearly defined standards of best practice.
Areas Covered in the Webinar:
- Foreign exchange – restating the basic principles
- Foreign exchange settlement risk – the weak link in the chain
- CLS bank and the reduction of foreign exchange settlement risk
- Foreign exchange operational risk case study – National Australia Bank
- Foreign exchange best practices
- The foreign exchange process flow
- The seven stages of foreign exchange trade and settlement, and the best practice in each stage
Who Will Benefit:
- Operations and business staff at all levels involved in any aspect of foreign exchange
- Staff from commercial banks
- Investment banks
- Foreign exchange dealers and brokerage companies
- Multinational corporations
- Commercial firms
- Import/export firms, brokers and agents
For Registration -http://www.complianceonline.com/implementing-operational-risk-in-foreign-exchange-activities-webinar-training-704115-prdw?channel=globalriskcommunity
Note: Use coupon code < NB5SQH8N > and get 10% off on registration, Valid till Dec 31st 2015
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