Course : Foreign exchange risk management
Practical course - 2d
- 14h00 - Ref. RCH
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 | Foreign exchange market players |
| Understand the challenges of managing foreign exchange risk for your company |
| Hedging against currency risk |
Intended audience
Treasurers, financial managers and accountants.
Prerequisites
Good knowledge of general accounting
Practical details
Hands-on work
This course is based on practical exercises and case studies to help you acquire the skills you need to manage foreign exchange risks.
Course schedule
1 Defining market risks
- Definition of financial market risk and main risk factors.
- Identification of risks within the company.
- Impact on balance sheet and income statement, competitiveness, margins...
- Risk management methodologies.
Hands-on work
Collective reflection on a case study of different risk management methods.
2 The foreign exchange market
- The main players in the foreign exchange market.
- The different types of transaction.
- The spot market: spot, term, non-deliverable futures.
- The conditional market: vanilla options.
- Structured/hybrid products.
Hands-on work
Market analysis.
3 Foreign currency cash management
- The principle of settlement-delivery.
- The foreign currency account.
- Foreign currency payments.
Hands-on work
Identification des différents éléments de gestion de la trésorerie en devises par un cas pratique.
4 Identifying and assessing currency risk
- Global risk analysis: global netting and correlations.
- Definition of currency risk.
- Identification of the various exposures.
- Static and dynamic risk analysis.
Hands-on work
Creation of a static analysis in relation to a practical case.
5 The main hedging instruments
- Natural hedges: choice of invoicing, debt and investment currencies.
- Offsetting against foreign currency borrowings and other foreign exchange guarantees.
- Foreign currency advances and forward purchases and sales.
- Foreign exchange guarantees (BPI France).
- Foreign exchange transactions under IFRS : IFRS 9, IFRS 7.
Hands-on work
Identify and apply the main hedging instruments.
6 Foreign exchange risk management policy
- Definition of coverage parameters.
- Hedging thresholds by currency.
- Choice between firm and optional instruments.
- Check that coverage targets are met.
- Governance and drafting of a management charter.
Hands-on work
Drafting of a management charter in the context of a case study.
Publication date : 11/22/2024
PARTICIPANTS
Treasurers, financial managers and accountants.
PREREQUISITES
Good knowledge of general accounting
TRAINER QUALIFICATIONS
The experts leading the training are specialists in the covered subjects. They have been approved by our instructional teams for both their professional knowledge and their teaching ability, for each course they teach. They have at least five to ten years of experience in their field and hold (or have held) decision-making positions in companies.
ASSESSMENT TERMS
The trainer evaluates each participant’s academic progress throughout the training using multiple choice, scenarios, hands-on work and more.
Participants also complete a placement test before and after the course to measure the skills they’ve developed.
TERMS AND DEADLINES
Registration must be completed 24 hours before the start of the training.
ACCESSIBILITY FOR PEOPLE WITH DISABILITIES
Do you need special accessibility accommodations? Contact Mrs. Fosse, Disability Manager, at psh-accueil@orsys.fr to review your request and its feasibility.
Treasurers, financial managers and accountants.
PREREQUISITES
Good knowledge of general accounting
TRAINER QUALIFICATIONS
The experts leading the training are specialists in the covered subjects. They have been approved by our instructional teams for both their professional knowledge and their teaching ability, for each course they teach. They have at least five to ten years of experience in their field and hold (or have held) decision-making positions in companies.
ASSESSMENT TERMS
The trainer evaluates each participant’s academic progress throughout the training using multiple choice, scenarios, hands-on work and more.
Participants also complete a placement test before and after the course to measure the skills they’ve developed.
TEACHING AIDS AND TECHNICAL RESOURCES
• The main teaching aids and instructional methods used in the training are audiovisual aids, documentation and course material, hands-on application exercises and corrected exercises for practical training courses, case studies and coverage of real cases for training seminars.
• At the end of each course or seminar, ORSYS provides participants with a course evaluation questionnaire that is analysed by our instructional teams.
• A check-in sheet for each half-day of attendance is provided at the end of the training, along with a course completion certificate if the trainee attended the entire session.
• The main teaching aids and instructional methods used in the training are audiovisual aids, documentation and course material, hands-on application exercises and corrected exercises for practical training courses, case studies and coverage of real cases for training seminars.
• At the end of each course or seminar, ORSYS provides participants with a course evaluation questionnaire that is analysed by our instructional teams.
• A check-in sheet for each half-day of attendance is provided at the end of the training, along with a course completion certificate if the trainee attended the entire session.
TERMS AND DEADLINES
Registration must be completed 24 hours before the start of the training.
ACCESSIBILITY FOR PEOPLE WITH DISABILITIES
Do you need special accessibility accommodations? Contact Mrs. Fosse, Disability Manager, at psh-accueil@orsys.fr to review your request and its feasibility.
This programme is an original creation, developed by the teaching teams at ORSYS Formation. Any reproduction, representation, adaptation or use, in whole or in part, without the prior written authorisation of ORSYS, is strictly prohibited. ORSYS reserves the right to take any action necessary to protect its intellectual property rights.
Dates and locations
Dernières places
Date garantie en présentiel ou à distance
Session garantie
This programme is an original creation, developed by the teaching teams at ORSYS Formation. Any reproduction, representation, adaptation or use, in whole or in part, without the prior written authorisation of ORSYS, is strictly prohibited. ORSYS reserves the right to take any action necessary to protect its intellectual property rights.