End-of-Year Foreign Exchange (FX) Education

With 6 weeks remaining in 2020, take advantage of end-of-year foreign exchange (FX) education by completing our 6 part foreign exchange risk management training program. Whether you need to research a foreign exchange educational topic related to your global business, or want to simulate a foreign exchange risk management strategy using our interactive examples, we offer a wide array of quality informational topics and tools that can help you manage FX risk.

FX Initiative is designed to make complex foreign currency matters simple and manageable, and is accessible 24 hours a day 7 days a week to meet your global business needs whenever and wherever a foreign exchange opportunity arises so you can make the right decisions to meet your FX objectives.

FX Initiative helps Banking & Treasury Professionals answer FX risk management questions such as:

• How to manage currency risk?
• How to draft a FX risk policy?
• Where to look for FX risk exposures?
• What currency risks to hedge and how?
• Which strategies meet FX hedge objectives?
• What are the economics?
• How to do FX accounting?

Get acquainted with all of the educational topics and interactive examples available exclusively to subscribers. We encourage you to start by watching our 6 part online video series, then review and test with quizzes and CPE exams, and reinforce learning using real-world examples. Throughout your learning experience, feel free to visit our terms glossary and frequently asked questions for clarification or contact our support department for help along the way.

Student Subscribers have access to the following 6 one-hour long currency risk management educational videos, as well as review quizzes, CPE Exams, CPE Credits, and Certificates of Completion:

1. Foreign Exchange (FX) Market Overview
2. FX Risk Exposures
3. FX Risk Management
4. FX Spot & Derivatives
5. Hedging FX Transactions
6. Hedging Foreign Subsidiaries

Professional Subscribers have access to all Student benefits, plus access to our complete suite of interactive examples to help reinforce learning concepts and model risk management strategies:

• Currency Code Locator
• FX Risk Policy Drafter
• FX Derivative Speculator
• FX Transaction Simulator
• FX Subsidiary Consolidator

FX Initiative training is available 24/7 365 to help you with FX risk policies, FX accounting, FX hedge strategies, and everything FX risk management related. Controllers and consultants alike can enhance their foreign exchange policies and procedures and simulate common hedging strategies using our collection of tools to clarify complex issues in real time to predictably mitigate currency risk when transacting across borders.

FX Initiative is focused on foreign exchange and continuously strives to deliver world class foreign exchange (FX) continuing professional education (CPE), examples and events on currency risk management. To take advantage of end-of-year foreign exchange (FX) education, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com.

Webinar Training & Workshops

FX Initiative cordially invites you to attend our upcoming 6 part webinar series titled “Mastering Currency Risk Management.” To complement our self-study video training, these sessions are designed address common FX strategies and challenges global organizations encounter when managing currency risk. Each live webinar is eligible for CPE credit, and offers the ability to interact with the instructor, engage with the audience through real time polling questions, and participate in question and answer segments.

Upcoming Webinars Sessions & Dates

Mastering Currency Risk
Thursday, October 1st 2020 @ 11AM Pacific / 2PM Eastern
Learn the fundamentals of corporate foreign exchange risk management.

FX Risk Management Policies
Thursday, October 15th 2020 @ 11AM Pacific / 2PM Eastern
Learn how to draft a corporate foreign exchange risk management policy.

FX Forward Contracts
Thursday, October 29th 2020 @ 11AM Pacific / 2PM Eastern
Learn what forward contracts are and why they are the most used derivative.

Balance Sheet Hedging
Thursday, November 12th 2020 @ 11AM Pacific / 2PM Eastern
Learn how to hedge FX receivables & payables and mitigate gains & losses.

Cash Flow Hedging
Thursday, December 3rd 2020 @ 11AM Pacific / 2PM Eastern
Learn how to hedge and account for forecasted FX revenues & expenses.

Multilateral Netting
Thursday, December 10th 2020 @ 11AM Pacific / 2PM Eastern
Learn how multilateral netting helps manage intercompany cash flows.

Whether you are interested in a timely session related to recent developments impacting the foreign exchange market or would like a scheduled approach to start learning FX risk management, our live webinar sessions are designed to help you solve unique FX risk management challenges that are not otherwise addressed in our video based programs. Explore our Events page to register and learn more about the learning objectives covered in our educational webinar series titled “Mastering Currency Risk Management.”

Simulating Foreign Exchange Strategies

In the field of foreign exchange (FX), companies are managing currency risk exposures and hedging strategies more effectively by using business intelligence (BI) tools that provide data analysis and visualization. To support global businesses, FX Initiative offers a unique suite of specialized simulation tools that model common FX risk management strategies and demonstrate best practices for preserving assets on the balance sheet and mitigating FX gains on losses on the income statement.

Our FX Transaction Simulator helps treasury professionals gain valuable insight by modeling the economic and accounting impact of specific hedging strategies for underlying foreign exchange exposures such as revenues, expenses, receivables, and payables. Users can simply input their company specific and foreign exchange market variables, and then test a variety of hedging strategies, which include not hedging or hedging with a forward contract, vanilla option or zero cost collar.

The resulting output is a highly detailed interactive FX risk analysis that charts the economic payoff of your selected hedging strategy, ranks the alternative hedging strategies, and reports the accounting journal entries and t-accounts with authoritative references to U.S. generally accepted accounting principles (GAAP). Behind the scenes, our robust pricing engine and database simplifies the risk analysis process for you so you can focus on the bottom line impact to your business.

This versatile tool transforms 16 inputs into one information rich analysis in 3 easy steps. The first step is to select (1) the Underlying Exposure and input the related variables of (2) Functional Currency, (3) Foreign Currency, (4) Underlying Notional Amount, (5) Beginning Exchange Rate, (6) Currency Quoting Convention, (7) Start Date, (8) End Date and (9) the Day Count. Step 2 is to select a (10) Hedging Strategy and input the related variables of (11) Hedge Ratio %, (12) Domestic Interest Rate, (13) Foreign Interest Rate, (14) Implied Volatility, and (15) the Collar Range. The third and final step is to forecast (16) the ending exchange rate to see how positive and negative changes in exchange rates impact the cash flow and financial reporting of your selected hedging strategy.

By leveraging our suite of FX risk modeling tools, finance, accounting, and treasury professionals can address a wide variety of FX scenarios that can be customized efficiently and effectively. For example, if you want to change your underlying exposure or hedge strategy, it’s as simple as one-click. If you want to know which strategy yields the best outcome, all 4 strategies are ranked for you automatically. If you want to see how the default or elective accounting treatment differ, the journal entries and t-accounts are instantly presented side-by-side. This FX Transaction Simulator acts as your own personal quantitative analyst, and puts you in a position to make more qualified foreign exchange risk management decisions.

To start simulating FX strategies, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com.

Conquering Currency Risk Management

Conquering currency risk management involves identifying, analyzing, and prioritizing various foreign exchange (FX) exposures, and developing and implementing a coordinated and systematic plan that utilizes company resources efficiently and effectively to mitigate and optimize FX risk. An important part of mitigating FX risk is hedging exposures such as revenues, expenses, receivables, payables, assets, liabilities, and equity.

The degree to which companies implement adequate foreign exchange risk management practices can vary substantially, from not managing the risk at all to engaging in robust hedging activities. As a result, the FX impact on the bottom line can vary widely across organizations.

Global companies face questions including, but not limited to: How to manage currency risk? How to draft a FX risk policy? Where to look for FX risk exposures? What currency risks to hedge and how? Which strategies meet FX hedge objectives? What are the economics? How to do FX accounting? That's a lot of questions! It's time to take the FX Initiative!

FX Initiative's foreign exchange risk management training starts with watching our online video series about:

1. Foreign Exchange (FX) Market Overview
2. FX Risk Exposures
3. FX Risk Management
4. FX Spot & Derivatives
5. Hedging FX Transactions
6. Hedging Foreign Subsidiaries

Then, review and test with quizzes and CPE exams, and reinforce learning using real examples with our:

• Currency Code Locator
• FX Risk Policy Drafter
• FX Derivative Speculator
• FX Transaction Simulator
• FX Subsidiary Consolidator

FX Initiative training is available 24/7 365 to help you with FX risk policies, FX accounting, FX hedging strategies, FX risk management, and more.

Are you ready to manage FX risk? Become a FX Initiative subscriber today and access our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Managing FX risk has become a higher priority for many firms in 2020 and it is now easier than ever to learn the fundamentals of currency risk management. Make this the year to reduce FX risk and reap rewards abroad by taking the FX Initiative for your international business today!

Hypothetical FX Hedging

To become proficient in any skill, including currency risk management, practice makes perfect. To help companies practice, FX Initiative’s Foreign Exchange Transaction Simulator addresses a wide variety of FX scenarios by stress-testing hypothetical FX hedging strategies.

This interactive risk modeling tool illustrates the economics and accounting of the most common hedging strategies for underlying foreign exchange exposures such as revenues, expenses, receivables, and payables. You can simply input your company specific and foreign exchange market variables, and then select your hedging strategy, which includes not hedging or hedging with a forward contract, vanilla option or zero cost collar.

The resulting output is a highly detailed interactive FX risk analysis that charts the economic payoff of your selected hedging strategy, ranks the alternative hedging strategies, and reports the accounting journal entries and t-accounts with authoritative references to U.S. generally accepted accounting principles (GAAP). Behind the scenes, our robust pricing engine and database simplifies the risk analysis process for you so you can focus on the bottom line impact to your business.

This versatile tool transforms 16 inputs into one information rich analysis in 3 easy steps.

• Step 1 is to select (1) the Underlying Exposure and input the related variables of (2) Functional Currency, (3) Foreign Currency, (4) Underlying Notional Amount, (5) Beginning Exchange Rate, (6) Currency Quoting Convention, (7) Start Date, (8) End Date and (9) the Day Count.
• Step 2 is to select a (10) Hedging Strategy and input the related variables of (11) Hedge Ratio %, (12) Domestic Interest Rate, (13) Foreign Interest Rate, (14) Implied Volatility, and (15) the Collar Range.
• Step 3 is to forecast (16) the ending exchange rate to see how positive and negative changes in exchange rates impact the cash flow and financial reporting of your selected hedging strategy.

This FX risk management web application customizes strategies and can be modified efficiently and effectively. For example, if you want to change your underlying exposure or hedge strategy, it’s as simple as one-click. If you want to know which strategy yields the best outcome, all 4 strategies are ranked for you automatically. If you want to see how the default or elective accounting treatment differ, the journal entries and t-accounts are instantly presented side-by-side. This Foreign Exchange Transaction Simulator acts as your own personal quantitative analyst, and puts you in a positions to make a qualified foreign exchange risk management decisions.

To begin practicing hypothetical FX hedging, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com.

Promoting Business Best Practices

Join us and learn business best practices safely from home. WindyCityWebinars.org is a student led project from FX Initiative that promotes the highest caliber, most innovative continuing professional education (CPE) for lifelong learning. Our CPE webinars help professionals and organizations stay current on the latest regulations, developments, and trends in finance, accounting, and related business industries while earning CPE credits to maintain professional credentials.

Our teaching approach balances:

• Business school academic theory
• Practical strategies for implementation
• Examples to illustrate key concepts
• Audience polling questions
• Question and answer sessions

We invite you to attend a learning session as we fulfill our mission to keep learning alive and accessible to all during the pandemic and beyond. Our webinars cover a broad range of useful knowledge, skills, and abilities that enhance professional competence. Our objective is to ensure that knowledge is not only transferred and retained, but reinforced and practiced, enhancing each participant’s confidence in their ability to improve performance and profitability. Register here >

Supporting Student Opportunities

FX Initiative is pleased to offer Student Opportunities for WindyCityWebinars.org, a student supported remote learning platform that helps companies promote their brand and showcase their expertise with continuing professional education (CPE) webinars. Join us as we facilitate collaborative projects to create educational webinars between corporate sponsors and student leaders. We offer students unique opportunities to create webinars with sponsors to grow your network and gain useful knowledge.

Are you an undergrad or graduate student looking to upgrade your business skills and grow your network? You are invited to apply for this opportunity! Windy City Webinars is a remote learning platform designed to safely serve the professional development and networking needs of the Chicago business community by sharing business best practices and industry insights with students and professionals. Students work with a corporate sponsor on creating a highly engaging and educational webinar project.

Our portfolio projects aim to connect you to internship and employment opportunities by showcasing your learning abilities, skill sets, and work ethic to the Chicago business community. If accepted, you'll be a part of a robust community of diverse students and produce high quality projects. To help to identify and plan out your potential project, submit your application online at https://www.windycitywebinars.org/students.html or request a copy of our Student Opportunities guide by emailing info@windycitywebinars.org.

Serving Corporate Sponsors

FX Initiative is pleased to present our 2020 Sponsorship Guide for WindyCityWebinars.org, a student supported remote learning platform that makes it simple to promote your brand and showcase your expertise with continuing professional education (CPE) webinars. We are excited for you to participate and enjoy the recognition our sponsors receive as we facilitate collaborative projects to create engaging educational webinars between corporate sponsors and student leaders to realize synergies and foster community. 

Our dynamic Sponsorship Opportunities help to showcase your firm even better in 2020. Each sponsorship level has been tailored to offer significant value based on the frequency of webinars you would like to offer, with Platinum (monthly), Gold (quarterly), and Silver (individual) levels of Sponsor Commitment. The logo of each sponsor is promoted on the WindyCityWebinars.org website, email invitations, and promotional materials to ensure your organization’s brand is positioned prominently in front of clients and prospects.

By sponsoring WindyCityWebinars.org, you are helping fulfill our mission is to keep learning alive and accessible to all during the COVID-19 pandemic and beyond. Your contribution helps us provide students with unique opportunities to assist with webinar projects to gain work experience, explore career paths, develop and refine skills, network with professionals, and acquire knowledge and confidence as they transition into the workforce. To request your 2020 Sponsorship Guide, please email info@windycitywebinars.org.

WindyCityWebinars.org Walkthrough

Welcome to this walkthrough of WindyCityWebinars.org! FX Initiative is pleased to announce the launch our student supported remote learning platform that makes it simple to promote your brand and showcase your expertise with continuing professional education (CPE) webinars. To get the most out of the website, we invite you to explore three key sections:

Students (https://www.windycitywebinars.org/students.html)

Students are invited to join our team and build a better resume by working with a corporate sponsor on creating a webinar “portfolio project” for Windy City Webinars. Each webinar is enhanced by students using knowledge from their academic major, and our goal is to help students gain work experience, explore career paths, develop skills, network with professionals, and acquire knowledge and confidence as they transition into the workforce. If you are a student looking to upgrade your business skills and grow your network, click here to join our team >

Sponsors (https://www.windycitywebinars.org/sponsors.html)

Corporations and business leaders are invited to sponsor CPE credit eligible webinars on business topics that complement your firm’s products & services and support your training & marketing objectives. Our remote learning platform allows you to collaborate with our student team to offer CPE credit webinars that comply with NASBA licensing regulations to meet the ongoing professional development needs of your employees, clients, and prospects. If you are interested in branding, recognition, and visibility for your organization's services, click here to be a sponsor >

Sessions (https://www.windycitywebinars.org/sessions.html)

Professionals are invited to learn business best practices and earn CPE credits to maintain credentials by attending sponsored webinars. We cover several fields of study including accounting, finance, economics, and more. As a member of the National Association of State Boards of Accountancy (NASBA) National Registry of CPE Sponsors, we issue CPE credits in all 50 states to allow our audience to safely and remotely attend learning sessions anywhere and anytime. If you are a business professional seeking to refine and sharpen your skills, click here to attend a session >

Windy City Webinars mission is to keep learning alive and accessible to all during the COVID-19 pandemic and beyond. We are a community of corporate sponsors and business students focused on educating peers and maximizing exposure to sell professional services. Students, sponsors, and professionals are invited to join us at WindyCityWebinars.org >

Student & Sponsor Synergies

In only 3 months, the COVID-19 pandemic has shifted the majority of in-person classrooms and conference rooms to online learning platforms and video based communications. While we are grateful for the technology innovations that have made this transition possible, we are mindful progress remains. In listening to our community, sentiment among students and professionals shows that engagement with classmates and colleagues feels distant. WindyCityWebinars.org is providing a solution.

We facilitate collaborative projects to create continuing professional education (CPE) webinars between corporate sponsors and student leaders to realize synergies and foster community. From real world and case study examples to academic theory, we work with sponsors to create CPE credit eligible webinars on business topics that complement products & services and support training & marketing objectives. Each webinar is enhanced by students using knowledge from their academic major.

During this period of isolation, it is clear that students and professionals alike are seeking creative ways to keep learning alive and communities thriving. WindyCityWebinars.org believes that investing in people is paramount to success. To that end, we warmly invite business leaders to invest in a CPE webinar project. As Napoleon Hill famously stated, “Within every adversity is the seed to an equal or greater benefit.” To learn about sponsor benefits, contact info@windycitywebinars.org.