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Sterling Financial Training

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FX Dealing - Forwards Market - An Introduction

Duration: Approx. 1 hour

This product is an online product and is a Single user, 1 Year licence.

Overview:

The majority of foreign exchange (FX) transactions are settled on the spot date. However, for many users of the currency markets this is not ideal – they want to specify a different date. The forwards market links the FX spot market to the money market and enables these users to meet their objectives.

This tutorial takes an in-depth look at dealing in the forwards markets. Concepts such as fixed dates and broken dates, spot vs forward, and forward-forward transactions are fully explained, together with terminology such as tom/next, overnight, premiums, discounts and par.

Learn To:

FX Dealing – Forwards Market – An Introduction covers the following topics:

  • Forward Value Dates
  • Premiums & Discounts
  • Rules for Short-Dated Outright Deals & FX Swap Deals
  • Concluding a Forward Deal
  • Interest Rates & Forward Prices


    • This tutorial is aimed at new or recent recruits to banking and financial organizations, operations and support staff, finance and accounting staff, dealers and traders.

    Objectives:

    On completion of this tutorial you will be able to:

  • list and define the different periods used in the forwards market
  • explain the terms 'premium' and 'discount', and their relationship to interest rates
  • calculate a forward outright for value today or tomorrow and the price at which an FX swap is dealt
  • outline how forward deals are typically concluded
  • describe the effect of interest rate changes on forward prices


    • Price:

    Normal Price: £80.00 (excl. VAT)

    Special Offer Price: £50.00 (excl. VAT)

    YOU SAVE: £30.00 (37.5%)

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