TRAININGS ON GLOBAL FINANCIAL MARKETS

Comprehensive Training Series 2024

With your Hedgenius Software Subscription, gain exclusive access to our outstanding training programs on Global Markets. Subscribers can delve into 30 scheduled training sessions covering topics like Fx, Exotics, Foreign Currency Loans, Options, and Global Markets, enhancing your expertise and understanding.

To know what is scheduled for April-

Foreign Exchange

Regular Session: Hedge Decision Making

Here’s what we will cover during the session-

USDINR Outlook and Hedge strategy for export, import, and Loans
Reassessment of Global Markets and view on USDINR and other Fx.
Factors driving financial markets and Fx.
Hedge strategy for USD Import, EUR Export, Fx/INR Loans, EUR, GBP, CNY, JPY.

Fx Economics

Here’s what we will cover during the session-

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.

Fx Options

Here’s what we will cover during the session-

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.

Fx Options-Use for Hedging

Here’s what we will cover during the session-

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

Fx Risk Management - Policy and Best Practice

Here’s what we will cover during the session-

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.

Algorithm-based Fx Hedging

Here’s what we will cover during the session-

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

Fx Option Pricing-I

Here’s what we will cover during the session-

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.

Fx Option Pricing -II

Here’s what we will cover during the session-

USDINR option market.
Pricing USDINR options – discussion on the input parameters.
Option Greeks – Delta, Gamma, Vega, and Theta – how they affect the option MTM.

Fx Exotics

Here’s what we will cover during the session-

Fx Exotics – types, payoffs and structuring:
Pricing and broad structuring given underlying exposures (Imports, exports, Loan, etc).
Risk assessments and Documentation (Deal Confirmations wording etc to safeguard Bank’s interest).
Risk Management and MTM simulation in different scenarios.
General Do’s and don’ts based on past experiences.

Value at Risk - Practical use in Corporate set up.

Here’s what we will cover during the session-

How to measure and manage Fx Risk using VaR (Value at Risk) and PaR (Profitability at Risk).
How to strategize and optimize to ensure minimum VaR and PaR.
Hedge strategy which maximizes savings and minimizes risks and losses.

Foreign Currency Loan

Foreign Currency Loan Hedging Instruments-Swaps

Here’s what we will cover during the session-

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

Foreign Currency Loan and FX Loan Hedging Instruments-Hedging

Here’s what we will cover during the session-

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.

Borrowing Cost Reduction Strategies through foreign currency funding and hedging

Here’s what we will cover during the session-

Even though Central Banks are at the verge of rate cuts, Interest cost appears to remain elevated for a while. There is a dire need in Global Corporate Treasuries for Interest cost reduction especially for long-term loans. Foreign Currency Funding with appropriate hedging emerges as a preferred method of cost reduction on borrowings delivering 1%-3% net cost benefit. The strategies span from selecting:-

1) The Appropriate Currency with low interest rates

2) Optimizing IRR with the Right Hedging strategy and instrument

3) Efficiently managing floating interest rate risk

4) Meeting stakeholder’s expectations

Foreign Currency Loan

Hedge Accounting

Hedge Accounting IndAS & ISDA Negotiation

Here’s what we will cover during the session-

IndAS – Hedge Accounting
Hedge effectiveness testing
Accounting treatment of hedges – Forward contract, Option contract, IRS/CCS, Exports – revenue hedge vs cash flow hedge, Imports – payable hedge vs cash flow hedge
MTM and CVA DVA
ISDA Negotiation – going through the clauses and implications. Top clauses for negotiation
ISDA – Non acceptable clauses

Global Markets

Global Financial Markets

Here’s what we will cover during the session-

Global Monetary Policy
Global & Local factors influencing Fx
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
Geopolitical risks to FX, Liquidity and Credit crisis
Multi-Currency and Multi Economy – Comprehensive view.

Global Markets

We believe every organization is different and has unique needs. We have standardized modules , however for every custom training program we do, we at QuantArt in discussion with our clients selects the modules that is most suited in the situation and build a tailor made program.

We have been training large banks, financial institutions and Corporates.

Explore our Custom Training Programs here:-

Tailored training solutions for your unique needs

Global Trainings for Banks

Option - Trading and Book Running Perspective

Here’s what we will cover during the session-

Introduction to first order greeks – delta/gamma, vega, theta and rho.
Delta hedging and gamma scalping – Forward delta and spot delta.
Second order greeks – Vanna and Volga – Relation to vol smile.
Greeks for option structures – Call spread, Seagull and Range forward – estimating deltas.
Determining the risk tolerance (credit risk aspects) if the option gets exercised.
Monitoring the positions – Parameter to be monitored while writing the options – Impact of Greeks, volatility and other relevant factors on the deal and entire option book.
Exit strategy – When to buy back the option or reverse the position, as well as any stop-loss orders or other risk-management techniques you may use to limit your losses.

Swap Trading – Basics

Here’s what we will cover during the session-

Concept of DV01 and time bucketing.
Estimating the MTM of swaps based on DV01.
Steepeners/Flatteners and forward start swaps.
Introduction to convexity and FRA / in-arrears swaps.
How to price multi-currency swaps?
How to hedge swap vs NDF and any other methods? The effect of NDS/NDF on onshore spot/swaps.
Pricing of INR forwards in different maturities.
Volatility effects on pricing during INR option maturity.
Any other significant factor impacting the Swap movements.

Introduction to Risk Management in Banks

Here’s what we will cover during the session-

Basel III – credit risk and CVA/DVA.
Calculating CVA – current exposure method as per RBI and Credit modelling methods.
Expected exposure profiles, CDS spreads, probability of default
Right way and wrong way trades.
RWA, ROC for derivative trades.
Funding in derivative trades.
CSA/non-CSA.
Funding valuation adjustment (FVA).

Fx and Derivative Sales Training for Banks

Here’s what we will cover during the session-

How to stand apart compared to other banks – The soft and hard skills.
Identifying opportunities quickly.
Structures to sell and structures not to sell.
Suitability and appropriateness.
Back of the envelope pricing of derivatives – quick thinking and calculations.
Credit charges, risk modelling – basic understanding needed.
Execution of the deal – sorting out the bottlenecks – Credit, ISDA, BR, etc.
Large value deals – how to tap and win.
Identifying unhedged forex exposures.
Identifying overall potential for other products besides forex.
How to maintain customer connections, some tips on keeping oneself updated with markets/news and providing value added info to customers.
Capturing full value out of credit customers foreign banks for forex.
How to study everything about a corporate beforehand and what questions to ask and discuss when talking to them.

Global Trainings for Corporates

Foreign Exchange

Global Financial Markets and the World Economy

Here’s what we will cover during the session-

Global Financial Markets Outlook.
Studying local and global factors that influence the Fx market.
Navigating Global Growth.
Exploring Monetary Policies.
Quantitative Easing, Balance sheet easing.
Global trade and investment currency.
Risk-on risk-off concepts, multi-asset correlations.
Geopolitical risks to FX, Liquidity and Credit Quagmires.

Fx Hedging - Intermediary

Here’s what we will cover during the session-

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.
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 & forward premium along with interest rate parity.
Negotiation strategies – Regular Fx, Cash, Spot, Forwards, Options and Swaps.

Fx Hedging - Advanced

Here’s what we will cover during the session-

Forwards, Par Forwards and LTFX – Pricing.
Options & Option structures as applicable for exporters and importers.
Natural hedge and Conversion of Loan into Foreign Currency.
Hedge strategies like Budget Rate Targeting, Dynamic hedging, Laddering.
Regulations related to Hedging.

Options for Loan Hedging

Here’s what we will cover during the session-

Options and option structures :
1. Call/Put options
2. Range forward/Seagull and Call spread
3. Call spread
Option pricing :
1. Black Scholes formula
2. Inputs to the formula
Brief on Vol surface :
1. Concept of delta
2. Butterfly and Risk reversal
3. Vol smile and surface
Deferred premium calculations
Loan hedging strategies using options :
1. Call Spread and effective cost calculations
2. Offshore hedging strategies (pay as you go etc.)

Fx Exotic Options

Here’s what we will cover during the session-

Fx Exotics – types, payoffs and structuring:
1. European digitals
2. American digitals (touch options)
3. Barrier options (KO, KI, RKO, RKI, etc.)
4. Accumulators/ Faders
5. Target redemption structures
6. Asian options
7. Forward start options (Ratchet/Clique)
8. Basket options
Pricing and broad structuring given underlying exposures (Imports, exports, Loan, etc).
Risk assessments and Documentation (Deal Confirmations wording etc to safeguard Bank’s interest).
Risk Management and MTM simulation in different scenarios.
General Do’s and don’ts based on past experiences.

Hedge Regulations, Risk Management Policy, ISDA, MTM-CVA-DVA Valuation

Here’s what we will cover during the session-

Hedging Regulations,
Fx Risk Management Policy – Fx, Interest Rate and Commodity Hedging.
ISDA and ISDA Negotiation.
MTM and CVA DVA Valuations.

Corporate Fx Value at Risk and Hedge Strategy Optimization

Here’s what we will cover during the session-

How to measure and manage Fx Risk using VaR (Value at Risk) and PaR (Profitability at Risk).
How to strategize and optimize to ensure minimum VaR and PaR.
Hedge strategy which maximizes savings and minimizes risks and losses.

Foreign Exchange

Commodity

Commodity Hedging for Base Metals

Here’s what we will cover during the session-

Commodity Outlook: Global factors and Price Risk Management
Hedging Instruments: Overview of instruments across various exchanges and banks.
Strategy & Process: Insight into hedging strategies and processes.
Correlation and Basis Risk Management.
Regulations & Case Studies: Guidelines, documentation, and real-world cases.

Commodity Hedging for Petrochemicals

Here’s what we will cover during the session-

Commodity Outlook: Global factors and Price Risk Management
Hedging Instruments: Overview of instruments across various exchanges and banks.
Strategy & Process: Insight into hedging strategies and processes.
Correlation and Basis Risk Management.
Regulations & Case Studies: Guidelines, documentation, and real-world cases.

Commodity Hedging for Agri-Products

Here’s what we will cover during the session-

Commodity Outlook: Global factors and Price Risk Management.
Hedging Instruments: Overview of instruments across various exchanges and banks.
Strategy & Process: Insight into hedging strategies and processes.
Correlation and Basis Risk Management.
Regulations & Case Studies: Guidelines, documentation, and real-world cases.

Commodity Hedging for Coking Coal

Here’s what we will cover during the session-

Commodity Outlook: Global factors and Price Risk Management.
Hedging Instruments: Overview of instruments across various exchanges and banks.
Strategy & Process: Insight into hedging strategies and processes.
Correlation and Basis Risk Management.
Regulations & Case Studies: Guidelines, documentation, and real-world cases.

Interest Rates

Borrowing Cost Reduction Strategies

Here’s what we will cover during the session-

The appropriate currency for borrowing
Optimizing with the Right Hedging strategy and instruments
Efficiently managing floating interest rate risk 
Meeting regulatory and stakeholder requirements

Interest Rate Hedging and Management of Loans

Here’s what we will cover during the session-

Interest Rate Outlook.
Interest Cost Reduction Strategies.
Hedging of Interest Rates
Selection of Right Tenor.

Swaps – Instruments and Pricing

Here’s what we will cover during the session-

Swaps – Concept of FRA, interest rate and currency swaps.
SOFR and RFR dynamics – O/N and Term SOFRs
Interest rate curves – SOFR, EURIBOR and other RFR curves,
Concepts of FRA and IRS
Swap conventions – day count, frequency, stub etc.
CCS, POS, COS
Basics of swap pricing – Yields and zeros, Bootstrapping, Discount factors and swap pricing
Swap pricing in excel
Cross currency basis and pricing cross currency swaps
LTFX pricing and equivalence to swaps
Evaluation of strategies – IRR calculations

Interest Rates

Why QuantArt?

Trained participants

0 +

Corporates

0 +

Industries

0 +

Countries

0 +

Banks and Financial Institutions

0 +

Why Should You Attend QuantArt’s Training Program?

Exemplary faculty: The faculty members possess a distinctive advantage due to their extensive expertise in both the banking and corporate domains. Our trainers are among the few leading figures in Fx Risk Management, Derivative Pricing, Strategy Making.
World Class Content: Our programs stand out for their comprehensive coverage of all technical and practical aspects of Global Financial Markets. We have training programs that are cover the simplest to the most complex concepts of the Financial Market.
Customized Modules: We offer training programs that straddles both the Strategic and Implementation aspects of Fx, Commodity and Interest Rates Hedging and Risk Management. We work with our clients to select the modules best suited for their organization. Our objective is that participants will gain a comprehensive understanding to navigate the Financial Markets with confidence, whether during periods of volatility or stability.
Fine Balance of Practical and Pedagogy: Our programs blend the best of pedagogy with actual market experience. Our trainers have managed the exposures of corporates and maximized returns for them. So, we know exactly what works in the competitive and volatile markets. They bring their unique experiences to the training programs.
Excellent Feedback: We have successfully trained more than 750+ Senior Management corporates and bankers. We have 10 years of excellent feedback from all our training participants.
Option of Offline and Online training sessions: Our Clients can chose to have the training programs done through online mode or in-person.

Our Trainers

Samir Lodha

Managing Director

Srinivas Puni

Managing Partner

Vinod Garg

Managing Partner

Sandip Basu

Managing Partner

Samir Lodha founded QuantArt in 2012 January which has been running for the last 10 years. He is an MBA from the Indian Institute of Management Calcutta (IIMC) and has around 20 years of experience in Forex and Interest rate risk management. Prior to that, he had worked in senior positions with foreign exchange treasuries of JP Morgan (Executive Director), HSBC (Associate Director), and ICICI Bank wherein he advised large companies across India on risk management and hedging of foreign exchange and interest rates exposures. He has significant experience in Fx and rate markets along with a sound experience and understanding of global markets, market economics, hedging strategies, hedge algorithms, price calculation, and risk-return optimization.

Srinivas Puni is an MBA from the Indian Institute of Management Bangalore (IIMB) with over 15 years of experience in structuring forex and interest rates derivatives. He has worked with banks like JP Morgan, Standard Chartered, Yes Bank, and Axis Bank in the past. He conducts training on foreign exchange and risk management as well as advises specifically large clients. Srinivas has an in-depth understanding of the quantitative models behind derivative valuation and related CVA, DVA, FVA modeling. He specifically handles pricing, valuations, structuring, risk modeling etc

Vinod is an MBA from IIM Lucknow with 20+ years of experience in treasuries in India and Hong Kong wherein he advised large companies and banks on risk management, markets, and hedging. Prior to joining QuantArt, he held the positions of Executive Director in Goldman Sachs and BNP Paribas. Vinod has extensive skills in simplifying complex situations and convert the same into a hedge opportunity.

Sandip is a post graduate from BITS Pilani with 25+ years of experience in global markets. He began his banking career with SBI and thereafter held leadership position at treasury at American Express Bank, Deutsche Bank and ICICI Bank in India. He was an investment banker for 7 years covering areas including PE intermediation, debt syndication and FX advisory. Sandip was Chief Treasury for Tata Steel Group between 2014-2020, where he led a large team with distinction in hedging currency, interest rates and commodity, investment of surplus funds, retirals investment, working capital management,RBI regulations etc.

Samir Lodha

Managing Director

Srinivas Puni

Managing Partner

Vinod Garg

Managing Partner

Sandip Basu

Managing Partner

Participants Experience

What financial markets training do we offer?

We provide an extensive range of trainings in the field of Financial Market – Forex, Commodity, Interest Rates Hedging and Risk Management, spanning from basic to advanced levels, available in both open-public format and tailored in-house training to meet the specific needs of our clientele

Which program is relevant for me/my organization?

We cover the entire gamut of training in Hedging and Risk Management. We have various defined modules on FX, Commodity and Interest Rates. Our focus is on creating customized training programs that are tailored to meet the specific needs of each client. We develop training modules based on the unique specifications of our clients, ensuring that each course is designed to provide hands-on practical experience for complex conceptual topics.

We are a small team, a custom program may not be relevant?

Even for small groups, you will find our programs beneficial and cost effective for your organization.

How do we register for QuantArts training programs?

As we are offering customized programs for corporates, banks, funds, financial institutions you can write to us at either of the two email ids- [email protected] ( +91 6290759567) or [email protected] (+91 9674933723)

What will be the cost of the custom training program?

The cost of the training program for your organization will depend on the selection of the modules.

Who have you trained so far?

QuantArt has trained a large and diverse set of participants from Banks, Funds, Financial Institutions, Large, Medium and Small-sized Corporates and various Consulting corporates in this area. As we do many custom programs we are able to address the needs of all our participants.

How will the training help me?

If you are working in the area of global financial markets, or need to understand aspects of it-our programs are for you. At QuantArt, our faculty members possess an experience of over 20+ years in the field of the financial market. They have worked in leadership positions in various banks and have also been advising corporates for the last 12 years. This extensive expertise allows us to offer best in class pedagogy and practical insights in whatever trainings we do. We expect that your skills would be superbly enhanced while attending the training.

Tell me more about your trainers.

Our trainers are ex international bankers who have worked in leadership positions. They have also advised corporates, funds, etc. over the period of 12 year. They understand the Global Financial Markets well. To know more about them you can view https://www.quantartmarket.com/about-us/

What will be the mode of training?

We are flexible and frequently use all the three modes of training. Depending on your preference you can chose from 100% online or 100% in-person. Few of our clients prefer to do a blend of both online and in-person training spread over a period.

Frequently Asked Questions

What financial markets training do we offer?

We provide an extensive range of trainings in the field of Financial Market -Forex, Commodity, Interest Rates Hedging and Risk Management, spanning from basic to advanced levels, available in both open-public format and tailored in-house training to meet the specific needs of our clientele

Which program is relevant for me/my organization?

We are a small team, a custom program may not be relevant?

Even for small groups, you will find our programs beneficial and cost effective for your organization.

How do we register for QuantArts training programs?

What will be the cost of the custom training program?

The cost of the training program for your organization will depend on the selection of the modules.

Who have you trained so far?

How will the trianing help me?

Tell me more about your trainers.

What will be the mode of training?

Previous slide

Next slide

Write to us

[email protected]

Call us

+91 9674933723

Our Offices

Singapore

QuantArt Technologies Pte. Ltd. 1, North Bridge Road, #11-10, High Street Centre, Singapore – 179094,

Email id: [email protected]

Mumbai

QuantArt Market Solutions Pvt. Ltd. Unit No. G5, Ground Floor, Unit No. 02, First Floor, Trade Centre, Bandra Kurla Complex, Bandra (E),
Mumbai – 400051, Maharashtra
Phone No:- + 919674933723
Email id:- [email protected]

TRAININGS ON GLOBAL FINANCIAL MARKETS

Comprehensive Training Series 2024

Foreign Exchange

Foreign Currency Loan

Foreign Currency Loan

Hedge Accounting

Global Markets

Global Markets

Tailored training solutions for your unique needs

Global Trainings for Banks

Global Trainings for Corporates

Foreign Exchange

Foreign Exchange

Commodity

Interest Rates

Interest Rates

Why QuantArt?

Why Should You Attend QuantArt’s Training Program?

Our Trainers

Samir Lodha

Srinivas Puni

Vinod Garg

Sandip Basu

Samir Lodha

Srinivas Puni

Vinod Garg

Sandip Basu

Participants Experience

Frequently Asked Questions

Frequently Asked Questions

Write to us

Call us

Our Offices

Singapore

Mumbai

Privacy Policy