QuantArt – Hedgenius

​Here’s what we will cover during the session-

1. Global Fx Outlook for Multiple currencies like USD, EUR, GBP, INR, CNY, JPY
2. Hedge strategy for export, import, and Loans ​​
3. Factors driving financial markets and Fx.
4. Growth,  Inflation, Trade and many more factors.
5. Forward booking –  short term and long term
6. LTFX and Par forward
7. Dynamic Hedging using Forward 

​Here’s what we will cover during the session-

1. Global Macro
2. Understanding Global Monetary Policy and Liquidity Dynamics
3. Current Account, Trade Balance.​
4. Oil and Gold, Remittances, Invisibles, Capital Account, FDI, Trade,   Hot money, IIP, REER. ​
5. Intervention, Hedge positioning, Inflation and Fx.
6. Global Macro Outlook with impact on multiple Asset Classes

​Here’s what we will cover during the session-

1. Concept of an option, call/put payoff diagrams.​
2. Conventions – expiry/settlement dates, expiry cut, parameters. influencing the price of an option.​
3. Option structures – constructing payoff profiles.​
4. Collar, range forward, seagull, butterfly, capped forward, call spreads, etc.​

​Here’s what we will cover during the session-

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

​​Here’s what we will cover during the session-

1. Fx Risk Management Best Practices & Policy.​
2. How best treasuries work – checklist.​
3. Risk identification and measurement – NOP, Hedge ratio, Static and dynamic hedging​, Gross vs Net, Profit vs Cost.​
4. RBI regulations related to risk management and hedging.​
5. Past performance of various hedging methodologies.​
6. UFCE, ISDA, and ISDA Negotiation.​

​​​Here’s what we will cover during the session-

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

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​​​​Here’s what we will cover during the session-

1. Option structures –  with combination of Calls and Puts
2. Black-Scholes-Merton framework of option pricing.​
3. Inputs to the Black-Scholes formula.​
4. Understanding the relationship between interest rates, spot, forward rates, and option pricing.​
5. Concept of volatility - Vol surface​, Vol smile, skew, risk reversal, delta, Butterfly

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​​​​​Here’s what we will cover during the session-

1. Fx option market.​
2. Pricing Fx options – discussion on the input parameters.​
3. Option Greeks – Delta, Gamma, Vega, and Theta – how they affect the option MTM​.
4. Deferred premium on Loan hedging 
5. Call spread for Loan hedging
6. Off shore vs on shore hedging

​​​​​Here’s what we will cover during the session-

1. 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 
2. Pricing and broad structuring given underlying exposures (Imports, exports, Loan, etc).​
3. Risk assessments and Documentation (Deal Confirmations wording etc to safeguard Bank’s interest). ​
4. Risk Management and MTM simulation in different scenarios.​
5. General Do’s and don’ts based on past experiences. ​

​​​​​Here’s what we will cover during the session-

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

​​​​​Here’s what we will cover during the session-

1. Foreign Currency Loans as cost reduction strategy
2. Interest rate outlook on low cost currencies
3. Current Basis
4. Current Market Condition
5. Swaps as hedge –  COS, POS, IRS, CCS
6. Fx Option to hedge Loans and benefits –  common structures
7. Cap, floor, Collar, FRAs, spreads etc. to hedge rates
8. ECB regulations 
9. Bond vs ECB