The audit trail behind trade risk and currency hedging matters as much as the decision itself. In finance the difference between a healthy position on currency hedging and a dangerous one is often a single assumption. Work is grounded in real cases drawn from this strand of financial and banking practice, which each participant adapts to conditions in their own organisation. Organisations that document trade risk and currency hedging properly resolve disputes about it far more quickly. Moving this part of financial and banking practice from written policy into daily practice is not achieved by a single decision. Participants come from operational and oversight roles, and both perspectives on currency hedging are used deliberately. The programme takes participants through trade risk and currency hedging end to end, from framing the problem to closing it out. Participants gain a realistic view of what currency hedging costs and what it returns. The closing exercise tests whether the participant's plan for this area of financial and banking practice survives a hostile question.
Expected Learning Outcomes
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Estimate what trade risk and currency hedging costs to run properly, and what is lost when it is not.
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Set early warning indicators that flag deterioration in currency hedging.
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Document the approval chain for exceptions to policy on trade risk and currency hedging.
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Prepare the regulatory submissions arising from currency hedging.
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Integrate trade risk and currency hedging into existing management routines rather than running it separately.
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Validate the assumptions inside any model supporting currency hedging.
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Set a realistic target state for trade risk and currency hedging and a defensible route to it.
Who Should Attend
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Operations staff executing and settling trade risk and currency hedging.
