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	International Currency Management (Global Version)
	FUNDBUSMATH
	English
Audience Details:
	8
	A basic understanding of the concept of international currency management
	Managers and prospective managers wishing to learn more about the general financial aspects of business
	This learning path explains the risks involved in the foreign exchange rate markets and the methods that can be used to minimize them.
	After learning this courses you should be able to:
	Explain how companies involved in international trade are subject to foreign exchange risk Define a ‘Spot Rate’, distinguish between the bank's selling and buying rates, and Calculate the value of one currency in terms of another Understand the reason why decreasing a company's risk can increase the equity value Understand the relevance of The Four Way Equivalence theoryunderstand some of The history behind the Euro and its effect on international currency management managing International currency Distinguish between internal and external risk management methods Define ‘matching’, ‘invoicing’, ‘leading’ and ‘lagging’, and ‘netting’ Explain forward contracts and apply them as a method of risk management Explain currency futures and apply them as a method of risk managemen Define market cover and apply it as a method of external risk management Define factoring and discounting and apply it as a method of external risk management Understand how and when foreign currency accounts help to reduce foreign exchange risk Define an option and apply it to hedge against foreign exchange risk; distinguish between put and call options and name the determinants of an option premium
	Hands on pratice - Simulations
Course Structure:	Modules and Learning Events
	International Currency Management Why You Can't Ignore International Currency Increasing globalization of the business environment The changing regulatory framework The growth of the international currency market International currency management & risk International currency management & equity value Fundamentals of International Currency Management The four way equivalence theory Interest rate parity theory International Fisher effect Expectation theory Purchasing power parity theory Spot Transactions Spot transactions Selling rate and buying rate Calculating currency value The Euro Background to the introduction of the euro Creation of the European Central Bank (ECB) Strategic issues arising from the euro Tactical issues arising from the euro Managing International Currency Risk International Currency Management Control Systems Principal objectives of international currency risk management Exposure statements Hedging Internal Techniques - Managing Intl Currency Risk Matching Invoicing Leading and lagging Netting External Techniques – Forward Contracts Definition of forward contracts Using forward contracts Trading at a discount or a premium Fixed forward contracts Option forward contracts Closing out forward contracts External Techniques – Currency Futures Similarity to and differences with forward contracts Using currency futures External Techniques – Money Market Cover Definition of money market cover Using money market cover External Techniques – Factoring and Discounting Definition of factoring Bills of exchange Definition of discounting External Techniques – International Currency Options & Accounts Definition of a foreign currency option Put options and call options American options and European options Explanation of foreign currency Accounts
Curriculum Info:
	Business Skills
	Personal Use License Price $595.00
	Contact your Eno Learning Consultant or call 877-298-1322 to order. For organizational purchases, please contact the sales office nearest you. Available Online and Interactive Multimedia CDs