Structure records of interest rate and currency swaps so that they answer the questions an auditor will actually ask.
Managing Interest Rate and Currency Swaps
Build a working method for interest rate and currency swaps that stands up to scrutiny and survives daily pressure.
📍 Cairo🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
Models supporting interest rate and currency swaps fail quietly, and usually at the worst moment. Regulators no longer accept intent as evidence of control over currency swaps. Participants leave with a method for this area of financial and banking practice, not a set of opinions about it. The programme suits teams tackling interest rate and currency swaps together as readily as individuals attending alone. Most organisations already have a policy on the financial and banking practice capability; far fewer can show it working. The most reliable predictor of sound currency swaps is whether anyone reviews it when nothing has gone wrong. Participants test their assumptions about interest rate and currency swaps against scenarios designed to break weak ones. They acquire practical criteria for judging when currency swaps is working and when it is only appearing to. The final session converts the week's work on this strand of financial and banking practice into commitments with owners and dates.
Expected Learning Outcomes
Build the control framework around currency swaps that an examiner would accept.
Handle the trade-offs in interest rate and currency swaps between speed, cost and assurance explicitly rather than implicitly.
Price currency swaps to reflect the risk actually being taken.
Define the risk appetite applying to interest rate and currency swaps and translate it into operating limits.
Design a training and briefing approach that sustains competence in currency swaps.
Assess the concentration risk building up inside interest rate and currency swaps.
Who Should Attend
Compliance officers overseeing interest rate and currency swaps.
Staff seconded into improvement work on currency swaps.
Investment and portfolio managers exposed to interest rate and currency swaps.
Financial technology and change staff modernising currency swaps.
Managers with direct responsibility for interest rate and currency swaps within the business line.
Relationship and product managers whose targets depend on currency swaps.
Course Modules
Interest rate and currency swaps: exceptions, breaches and remediation
2 sessions · 8 pointsSession 1Handling a breach of policy on interest rate and currency swaps properly
- Remove steps in interest rate and currency swaps that add effort without adding assurance.
- Confirm reporting on currency swaps reaches the committee that can act on it.
- Confirm regulatory reporting on interest rate and currency swaps is complete, timely and reconciled.
- Check that records of currency swaps answer the questions likely to be asked.
Session 2Concentration building quietly inside currency swaps
- Translate the appetite for interest rate and currency swaps into limits someone monitors daily.
- Set escalation thresholds for currency swaps that work out of hours.
- Check the legal and contractual exposure created by interest rate and currency swaps.
- Prepare the evidence pack demonstrating currency swaps operated as designed.
Currency swaps: risk appetite, limits and policy
2 sessions · 8 pointsSession 1Reporting currency swaps so the reader can act on it
- Check the accounting treatment applied to interest rate and currency swaps against current standards.
- Agree what will be standardised in currency swaps and what will not.
- Record what was learned when interest rate and currency swaps did not go as planned.
- Build the competence framework that supports currency swaps.
Session 2Building the method for currency swaps step by step
- Name a single owner for each element of interest rate and currency swaps.
- Write down the assumptions underpinning the approach to currency swaps.
- Agree who signs off interest rate and currency swaps and record that they did.
- Agree the smallest change to currency swaps that would be visibly useful.
Currency swaps: the control framework and segregation of duties
2 sessions · 8 pointsSession 1Setting a limit on currency swaps that will actually be respected
- Test the procedure for interest rate and currency swaps against a realistic scenario.
- Identify the key controls over currency swaps and who tests them.
- List the assumptions in any model supporting interest rate and currency swaps and when each was last challenged.
- Review concentration by counterparty, sector and geography inside currency swaps.
Session 2Closing out interest rate and currency swaps and capturing what was learned
- Document the remediation plan for each known weakness in interest rate and currency swaps.
- Close out actions on currency swaps rather than leaving them open indefinitely.
- Review whether interest rate and currency swaps is aligned with the objectives of the business line.
- Confirm segregation of duties across initiation, approval and settlement of currency swaps.
Currency swaps: pricing, profitability and risk-adjusted return
2 sessions · 8 pointsSession 1The early warning on currency swaps that arrives in time
- Review the pricing of interest rate and currency swaps against the risk being assumed.
- Confirm that reporting on currency swaps reaches the people who can act.
- Verify reconciliation and settlement controls covering interest rate and currency swaps.
- Set out the decisions in currency swaps that require sign-off and by whom.
Session 2Moving currency swaps from approval to execution
- Test interest rate and currency swaps against a scenario the organisation would rather not model.
- Rehearse the briefing on currency swaps that would follow an incident.
- Draft the minimum viable control framework for interest rate and currency swaps.
- Design the exception process for currency swaps and require a documented rationale.
Choose the package that suits you
Silver Package
At least 3 people
USD1,250
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
USD1,850
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
We will contact you within one business day to confirm.