Courses
Post Graduate Diploma in Foreign Exchange & Risk Management (PGDFERM)
The course is specially designed for the middle and senior level executives to enhance their knowledge on forex and risk management.
SYLLABUS
Introduction to Foreign Exchange Market; Important time periods in Indian Forex Market; Market Players

Exchange Rate Mechanism; Using proper ISO codes; Merchant Transactions; Inter Bank Dealings; Different Exchange rates;Cash-Tom-Spot-Forward rates; Premium-Discount-Depreciation-Appreciation; Indicative quotes-understanding Reuter Screen;Cross rates; Chain rule mechanism.

Interbank market; Settlement mechanism; Swift; Comparison of local clearing & international clearing; Clear Corporation of India; Risk defaults; Counter party risks; Speculators & currency; Attack on currency - recent examples.

FEDAI Rules for Exchange rates to be quoted; TT Buying - TT Selling; Bill Buying/Bills Selling; Base Rate ? Spread ? cover rate-rounding off; Normal Transit Period - Notional dues dates; Usance Period, Crystallisation of Import - Export bills;Exchange rates for the travel sector; TC buying - selling; FC buying - selling

Workout examples of prices to be quoted. Examples on quoting rates for spot transactions.

Determinants of Exchange Rates; Balance of Payments; Financing Current Account deficit; Status of Convertibility

Exchange Rate Mechanism Pegged and Floating Systems with illustrations; Dangers associated with Pegged Rate-South East Asian Currency Crises; Types of Float; Dirty Float; Crawling Peg; Currency Pegging

Methods of predicting exchange rates; Various theories prevalent; Risks associated with reliance on such methods; Experiment with predicting the rates for the next week/ fortnight; Dollar/Yen, Dollar/Mark, Dollar/Pound and Dollar/Rupee;Charting techniques - Technical Analysis

Interconnection between foreign exchange market and money market

Fixed Income Mathematics: Zero Coupon Bonds; Compound Interest and continuously; compounding; Effective interest Rates;Real & Nominal Interest Rates; Yield Curve; Bootstrapping; Constructing a Yield Curve and illustrations; Present Value,Future value.

Introduction to risk Management: Defining Risk; Understanding Exposures; Transaction Risk; Economic Risk; Translation Risk

Derivatives:
risk management product: Forwards Contracts; Futures; Swaps (Currency And Interest Rate); Options;FRA (Forwards Rate Agreement)
Options:
Understanding peculiarities of options; Options terminology; Currency options; Options Vs forwards contract - how to choose; Option strategies; Option pricing method and its limitations; How to use models to compare prices quoted
Futures:
Futures V/S Forwards; Futures Markets; Understanding Futures quotations; Arbitrage Opportunities; Corporate uses of futures; Commodity Futures
Swaps:
Different Types of Swaps- Currency swaps, Interest rate swaps and basis swaps; Swaps as a hedging mechanism and as a tool to reduce cost of borrowings; Worked out examples of swaps

Interest Rate risk management: Forward Rate Agreements (FRA) and interest rate swaps

Equity Derivatives: Using Index futures; Using Index options and equity options

Corporate Risk Management strategy the ingredients; Information systems and monitoring; Maximum levels of exposure; Netting within the organisation

Accounting for Derivatives and exposures; innovation; Informing systems for controlling risk; Accounting standards in India & Overseas; Overview of FASB 133
Other Details:
PGDFERM
Eligibility Masters Degree
or
Equivalent Qualification
or
Graduate in any discipline from a recognised University with minimum 2 years work experience
Duration Six months
Days / Time Saturday (2.30 p.m. – 6.30 p.m.)
Commencement Mid June & November
Fee
(Payable at Admission) 		Rs.20,000/- (Non-refundable)
Payment Full payment by Cash / Cheuqe / DD in favour of MVIRDC
Admission Procedure :
  1. The prescribed Application Form to be filled in and the applicants to appear for an Entrance Interview.
  2. Selected students to submit self certified copies of the certificates and two passport size photographs alongwith full Course fee within a week’s time.
  3. Admissions will be strictly on first-come and first-serve basis, as seats are limited.
Project Report
Project / Assignment will be assigned by the Joint Director / Faculty (WTI)
 
© 1997-2009 WTC Mumbai. All Rights Reserved. Website Design: PSPL Software for Non-Profit Organizations
Local data for Boston, Miami, Toronto, Hyderabad: LocalTiger