Non Deliverable Forwards
NON-Deliverable Forwards
This half-day workshop aims to provide an overview of the non-deliverable forward market and to look at why and how this market operates and the advantages for market participants using this product.
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Program Outline
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Program Summary
| TITLE: | Non-Deliverable Forwards |
| CE: |
3hrs |
| FEE: |
Member - $429 including GST Non Member - $539 including GST |
|
|
Sydney Jul 16, 2012 |
9:00am - 12:30pm |
|
About the Speaker
Mike Eastaway, Training Manager, AFMA
Mike is an experienced Financial Markets professional having been actively and continually involved in many aspects of the Global OTC Wholesale Financial Markets for over 30 years commencing 1977.
Through his experiences Mike has gained intimate knowledge of the workings of all Financial Markets through wholesale trading in large International Banks Globally and possesses a unique understanding of the risks associated with trading and settling of financial transactions. Mike has worked for many large Global Banks in positions from Jnr Dealer to Snr Manager Trading. He has had first hand experience in all aspects of Dealing and running large Trading Portfolios which in return produced consistent financial income for his employers over some 30 years.
Mike has always been involved with market Industry bodies and has been active in producing and delivering Educational Seminars and Courses aimed at training dealers in his local market and over the last 7 years in the International market place.
After 30 years of Trading Mike embarked on a different career and now is a full time trainer in the Financial Services arena both domestically and internationally.
About this program
A non-deliverable forward is a cash-settled short-term foreign exchange contract which does not require the physical exchange of a currency. This course is designed for attendees who wish to gain a technical understanding of NDFs and the market they operate within.
In particular it will be useful to those attendees who have a direct involvement with NDFs such as FX sales or those that may not directly deal in the product but are expected to have a technical understanding, such as operations and IT support staff.
What will you learn?
Upon completion of the program, participants should have an understanding of:
- What NDFs are
- Development of the NDF market
- Why and how NDFs are used by market participants
- Pricing of NDFs
- Risk management associated with NDFs
Testimonials
NDF opportunities were well explained.
Excellent explanation for a product in its infancy.