SUBJECTS FOR TRAINING PROGRAMMES.

Part I: Foreign Exchange

1. Background to the foreign exchange market
2. FX Spot
2.1. Spot rates
2.2. Cross Rates
2.3. Settlement of Spot transaction
2.4. Cash, Tom, Cash spot, Tom Spot, Tom next settlements
3. FX Forwards
3.1. Definition
3.2. Pricing
3.3. Interest rate parity theory
3.4. Quotes, with example
3.5. Non Deliverable Forwards (NDFs) and settlements
3.6. Risks: Credit, Market, Settlement
4. FX Swaps
4.1. Definition: Discount/Premium
4.2. Main use of an FX Swap
4.3.Pricing of a swaps
4.4. Quotes with example
4.5. Users of FX swap and benefits of swaps
5. Formula for the calculation of Swap points
6. Summary and discussion

Part II: Analyzing Economic data

1. Indian Economic data
1.1. GDP, IIP, Inflation, unemployment, etc
1.2. Agency of data release
1.3. Interpretation of data, Survey, actual, previous data comparison
2. Overseas Economic data
2.1. GDP, IIP, Inflation, unemployment, jobless, FOMC, FED, NFP, Beige
book, ADP, PMI, etc
2.2. Agency of data release
2.3. Interpretation of data, Survey, actual, previous data comparison
3. Summary and discussion

Part III: Over the counter (OTC) Derivatives

1. Introduction and background of OTC Derivatives
2. Interest rate OTC derivatives
2.1. Yield Curve- Types: Normal, Inverted, Bumped
2.2. Forward rate agreement- definition, example and pricing
2.3. Cap, Floor and Collar
2.4. Interest rate Swap (IRS)
2.5. Overnight interest rate swap (OIS)
2.6. Coupon Only Swap (COS)
2.7. Principal Only Swap (POS)
2.8. Cross/Full Currency Swap (CCS)

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 2.9. Swaption
2.10. Swap Types: Forward Start, Bullet, Amortizing, Accreting
3. FX OTC Options
3.1. Introduction
3.2. Classification of Options:
3.2.1. Basic classification: Call/Put
3.2.2. Based on exercise: European, American, Bermudan
3.2.3. Based on Complexities: Vanilla, Exotic
3.3. Option Terminologies: Strike, Notional, Maturity date.
3.4. Option pay off
3.5. Option Strategies: Straddle, Strangle, Synthetic Forward, Range Forward,
Seagull
3.6. Factors effecting Option pricing
3.7. Option Pricing Formula: Black Scholes, Binomial Model
3.8. Volatility: Implied, Realized
3.9. Introduction to Option Greeks: Delta, Gamma, Vega, Theta, Rho, Phi
3.10. Exotic Options: Knock Out (KO), Knock In (KI), KIKO, DKO, DKI
4. Summary and discussion

Part IV: Exchange Traded Derivatives (ETD)

1. Introduction to ETD
2. Currency Futures
2.1. Quotes
2.2. Settlement
2.3. Margin Management
2.4. MTM and Settlement
3. Interest Rate Futures: IRF
3.1. Definition
3.2. Quotes
3.3. Deliverable basket and Cheapest to Deliver (CTD)
3.4. MTM and Settlement Mechanism
4. Exchange Traded Option
4.1. Definition: Quotes
4.2. Strikes
4.3. Margin management and settlement
5. Summary and discussion

Part V: AS 30 & Hedge Accounting Practices

Part VI: Trade Financing

1. Buyers Credit
2. Suppliers Credit

Part VII: Risk Management Policies for Treasury

Part VIII: Negotiating Techniques with Banks & Institutions.

Part IX: Bonds and Forex Trading Strategy and Discipline for Corporate.

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 Part XI: Export and Import Documentation and Compliance.

Part XII: Basic and Advanced Technical Analysis.

Part XIII: Understanding Dealing Systems in Banks and Larger Corporate.

Part XIV: NDF arbitrage , opportunities and tax implications.

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