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Hedgenius Master Series

Covers everything starting from making sense of USDINR, ECB Loans, Fx Hedging, Option structures, Risk management, Treasury Best Practices, Hedge Accounting, Exotic Options, Option pricing and more 

TopicDetailsRegisterPlace
Fx EconomicsDetails RegisterZoom/Webex
Global Financial MarketsDetailsRegisterZoom/Webex
Fx - Regular Deals
DetailsRegisterZoom/Webex
Fx Options - BasicsDetailsRegisterZoom/Webex
Fx Options - Use for hedging import, export and loansDetailsRegisterZoom/Webex
Fx Risk Management - Policy and best practicesDetailsRegisterZoom/Webex
Algorithm based Fx hedgingDetailsRegisterZoom/Webex
ECB hedging instruments - SwapsDetailsRegisterZoom/Webex
ECB and Fx Loans and HedgingDetailsRegisterZoom/Webex
Hedge Accounting - IndASDetailsRegisterZoom/Webex
Fx Option Pricing - IDetailsRegisterZoom/Webex
Fx Option Pricing - IIDetailsRegisterZoom/Webex
Fx Exotic Options - Indian contextDetailsRegisterZoom/Webex
Interest rate Exotics - Indian contextDetailsRegisterZoom/Webex
Interest rate swap pricing - IDetailsRegisterZoom/Webex
Interest rate swap pricing - IIDetailsRegisterZoom/Webex

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FX Economics

Interactive discussion on Brief history of Fx. Current Account, Trade Balance, Oil and Gold, Remittances, Invisibles, Capital Account, FDI, Trade, Hot money, IIP, REER, Intervention, Hedge positioning. Inflation and Fx.

  Where via: Zoom

 Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

Global Financial Markets

Global Monetary Policy, Quantitative Easing, Balance sheet easing, Dollar dynamics, Competition to Dollar, Global trade and investment currency, risk on risk off concepts, market themes, Multi Asset correlations

Where via: Zoom

Presenter: Samir Lodha/ Srinivas Puni

Sponsored by: Hedgenius

Fx – Regular Deals

Making sense of terminologies – direct/indirect quotes, cash/tom/spot, cross exchange rates and bid/offer quotes etc.FX forwards – Sell/Buy, Buy/Sell FX swaps and outright forwards. Calculating outright forward bid/offers.  Cross forward rates,Fx forwards in Indian market.  Booking and cancellation – calculating the mtm on cancellation. Rollover and early utilization of forward contracts –  mechanics of rollover and the relevant pricing concepts.Understanding money market and forward premium along with interest rate parity

Where via: Zoom

Presenter: Samir Lodha/ Srinivas Puni 

Sponsored by: Hedgenius

Fx Options –  Basics

Concept of an option, call/put payoff diagrams; Conventions – expiry/settlement dates, expiry cut , parameters influencing the price of an option,Option structures – constructing payoff profiles  (collar, range forward, seagull, butterfly, capped forward, call spreads etc)

Where via: Zoom

Presenter: Samir Lodha/ Srinivas Puni 

Sponsored by: Hedgenius

Fx Options – Use for hedging import, export and loans

Indian context : Importer option strategies . Exporter option strategies.  Loan option hedging strategies .  Option trading strategies. 
How to make structures, Intuitive pricing, Pros and calls, practical issues, Regulations related to options
OTC Vs Exchange

Where via: Zoom

Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

Fx Risk Management – Policy and best practices

Fx Risk management best practices & Policy.  
How best treasuries work –  checklist
Risk identification and measurement – NOP, Hedge ratio, Static and dynamic hedging, Gross vs Net,  Profit vs Cost 
RBI regulations related to risk management and hedging. Past performance of various hedging methodologies. UFCE.
ISDA and ISDA Negotiation

Where via: Zoom

Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

Algorithm based Fx hedging

Algorithm based hedging. A close look at strategies and data. 

Where via: Zoom

Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

ECB hedging instruments – Swaps

Swaps. Concept of FRA, interest rate and currency swaps; Conventions and terminologies – LIBOR, day count conventions, holiday conventions, stub etc; CCS, POS, COS, IRS in Indian context along with examples;Long term forwards and their equivalence to swaps;

Where via: Zoom

Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

ECB and Fx Loans and Hedging

ECB funding, advantages and regulations. Evaluation of multiple ECB hedge strategies, current market spread, the right hedge strategy.
Pricing of strategies and computation of IRR under various strategies. Choose the right strategies with market dynamics & cost in mind, keeping other constraints managed

Where via: Zoom

Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

Hedge Accounting – IndAS

  • IndAS – Hedge Accounting. 
  • Hedge effectiveness testing
  • MTM and CVA DVA
  • Accounting treatment of hedges
    • Forward contract
    • Exports – revenue hedge vs cash flow hedge
    • Imports – payable hedge vs cash flow hedge
    • Option contract
    • IRS/CCS

Where via: Zoom

Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

Fx Option Pricing – I

Black-Scholes-Merton framework of option pricing,Inputs to the Black-Scholes formula,Understanding the relationship between interest rates, spot, forward rates and option pricing,Concept of volatility –  vol surface

 Where via: Zoom

 Presenter: Samir Lodha
Sponsored by: Hedgenius

Fx Option Pricing – II

USDINR option market,Pricing USDINR options – discussion on the input parameters,Option greek’s –delta, gamma, vega and theta – how they affect the option MTM

 Where via: Zoom

 Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

Fx Exotic Options – Indian context

  1.  Fx Exotics –  types, payoffs and structuring
  2. European digitals
  3. American digitals (touch options)
  4. Barrier options ( KO, KI, RKO, RKI etc.)
  5. Accumulators/ Faders
  6. Target redemption structures
  7. Asian options
  8. Forward start options (ratchet/Clique)
  9. Basket options
  10. Structuring deals using the above options
  11. Dos and Don’ts. Opportunities and uses. Risk and Risk mitigation. 

Where via: Zoom

Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

Interest rate Exotics –  Indian context

  1. Interest rate exotics – various structures used
  2. Cap/Floor/Swaption
  3. Digital cap/floor
  4. Range accruals
  5. Spread range accruals
  6. Dual range accruals
  7. Bermudan swaptions
  8. Callable structures

Where via: Zoom

 Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

Interest rate swap pricing – I

  1. Yields, Zero rates and forward rates
  2. Swap curve and the concept of bootstrapping
  3. Pricing and USD interest rate swap
  4. Concept of Libor basis
  5. Pricing INR swaps
  6. Understanding the MIFOR curve
  7. Hedging of INR swaps

Where via: Zoom

 Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

Interest rate swap pricing – II

  1. Market pricing of INR swaps – conventions, rollover cost, 3/6 basis and currency basis
  2. Pricing LTFX – equivalence to swap pricing
  3. Excel pricing of the following
  4. IRS, CCS, POS, LTFX

Where via: Zoom

 Presenter: Samir Lodha/ Srinivas Puni 
Sponsored by: Hedgenius

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