Treasury FX & Money Markets Simulation Workshop
BankT&D Training
Workshop Objectives
The workshop introduces participants to the mechanics and terminologies of trading and treasury
management relating to Foreign Exchange and Money Markets. Through an intensive hands-on
simulation they will also become familiar with the instruments, the factors affecting FX & Money
Markets, calculation of cross, forward and swap rates and customer pricing. Also included are
various Treasury risks and the strategies to mitigate the associated risks. Participants will come to
understand the various interdependencies of the different markets and products, how to manage
liquidity, interpret economic news and formulate and implement a complete market strategy. This
workshop will build and reinforce the participant’s understanding of Foreign Exchange, Money
Markets and Treasury Management.
Workshop Overview
Who Should Attend
An interactive 5-day workshop based on simulated trading and
treasury management covering:
This workshop is suitable for
entry to intermediate level
participants, in particular:
■
Treasury Organisation, Management and Strategies
■
Local and Foreign Money Market Instruments
■
Dealers and Traders
■
Effective Cost of Funds
■
Treasury Staff
■
Spot, Cross, Forward and Swap Exchange Rates
■
Treasury Marketing Officers
■
P&L Calculations
■
Treasury Operations Staff
■
Economic Scenario Analysis
■
■
Trading, Positioning and Gapping
■
Liquidity Management
■
Interbank Trading & Customer Bidding
■
Pricing of FX & MM Instruments
■
Identifying Customer Needs and matching these to Treasury
Products
■
Treasury Controls & Mitigants
■
Market Risk Management
The simulation workshop recreates the realism of the trading
environment and provides the opportunity to apply the concepts in a
dynamic, real world simulated Treasury environment.
Methodology
The workshop is a combination of lectures, classroom work, exercises,
quiz, and hands-on simulated Trading and Treasury Management.
Participants will be actively involved in various roles performed in a
Treasury function. These roles cover a wide spectrum, from strategic
planning and target market setting to actual customer quoting,
interbank trading, book-keeping, controls & limits, risk mitigation,
gapping and profit calculations. The key concepts and learning is
reinforced through a competitive and enjoyable simulation exercise.
■
■
■
■
elationship Managers
R
from the Wholesale Bank
(Corporate & Commercial)
isk Managers, Market
R
Risk Managers and Credit
Analysts
Financial Control
ersonnel in Capital
P
Markets & Corporate
Finance
thers who would like
O
to build or reinforce their
understanding of
Foreign Exchange, Money
Markets and Treasury
Management
Pre-requisites
Some experience and basic
understanding of Treasury,
Foreign Exchange & Money
Markets will be beneficial.
Agenda Highlights
Day 1
Day 2
Day 3
Day 4
Day 5
Introduction to
Treasury
Exercise: FX Swaps
1st Interbank dealing
session
1st Interbank dealing
session
1st Interbank
dealing session
Introduction to the
Pricing: FX & MM
FX & MM instruments instruments
Review input and
strategies
Review input and
strategies
Trading,
positioning and
gapping
Structure of rates, FX
positions and cash
flows
Identifying customer
needs and product
match
2nd Interbank dealing
session
2nd Interbank dealing
session
Review input
and strategies
Factors affecting the
FX & MM markets
Rules of the
simulation (Part I)
Review input and
strategies
Review input
2nd Interbank
dealing session
Risks and controls in
Treasury, positioning
and gapping
Prepare strategies for 3rd Interbank dealing
session
customer bidding
Closing of ‘day 2’ of
trading
Review input
Closing of ‘day 3’
Exercise: Structure of
rates
Results of customer
bidding
Closing of ‘day 1’ of trading, Review of forward
P&L calculations
rates
Audits after ‘day
3’ of trading
Exercise: Effective
cost of funds
Economic scenario
analysis
Review of cross rates
Prepare strategies for
customer bidding
Results of the
simulation
Exercise: Cross and
forward rates
Rules of the
simulation (Part II)
Prepare strategies for
customer bidding
Quiz/exercises
Results of the
customer bidding &
update positions
Workshop
assessment
and feedback
on participant’s
performance
Market risk
management
Prepare strategies for Results of the customer
interbank dealing
bidding & prepare
strategies for interbank
dealing
Prepare strategies
for interbank dealing
Workshop wrapup
BankT&D Trainer Profile
Theodore Leventis (Theo) is known as the ‘Bourse Master’ having run over 600 seminars and training
programs in 70 plus countries. He has conducted the “Treasury FX & Money Markets Simulation Workshop”
(also referred to as the ‘Bourse Game’) for Citibank and other international banks, their customers
and other organisations including Central Banks and Universities over the past 33 years. Theo helped
develop the simulation software and the ‘train-the-trainer’ program and is an internationally recognised
pre-eminent trainer.
Theo worked for Citibank’s Middle East and Africa Division Training Centre in Athens, and has conducted
Treasury training programs for Citibank since 1982. He has also conducted Treasury simulation training
in Central and Eastern Europe, Middle East and Africa, under the auspices of Citibank Training Centres in
Istanbul and London. In addition, he has been running programs through Citibank branches in Eastern
Europe, Middle East and Africa and also with other institutes like Central Banks and other organizations in
many countries.
Theo now works closely with BankT&D Training, and the ‘Bourse Master’s’ Treasury expertise, immense
training experience, and unique instruction style is being made available to a wider participant audience via
BankT&D Training.