Prioritizing FX Risk Policies & Procedures (Video) Prioritizing FX Risk Policies & Procedures (Video): Learn the importance of a foreign exchange (FX) risk management policy and explore how firms such as Apple put formal plans into place. This video is a preview of FX Initiative’s FX Risk Management course as part of Learning Objective #2. To learn more, 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. Start FX Training May 28, 2019By FX Initiative FX Risk Management, General 10k, accounting, appetite, apple, best, corporate, CPE, currency, derivative, disclosure, finance, footnote, forex, fxcpe, fxinitiative, global, guidelines, hedge, learning, level, management, operations, parameters, personnel, plans, policy, practices, procedures, resources, risk, rules, tolerance, traning, treasury, worldwide 0 0 Comment
May 2019 Newsletter EDUCATION | EXAMPLES | EVENTS May 2019 Newsletter Learn How To Manage FX Risk Featured Course The FX Market Overview course explores the concepts of economic globalization and international trade, examines the evolution and operations of the foreign exchange (FX) market, and demonstrates how supply and demand impact FX rates and forecasting. Read More » Featured Resource The FX Terms Glossary defines key terms related to FX risk management. This online dictionary is designed to clarify the FX conversation, and helps you develop a working vocabulary of important and frequently encountered concepts concerning foreign currency. Read More » Featured Webinar The FX Risk Management webinar focuses on the fundamentals of corporate FX risk management, explores how leading multinational firms prioritize and manage the 3 types of FX risks, and demonstrates best practices for assessing your company’s FX risk profile. Read More » support@fxinitiative.com | 312-566-7475 | www.fxcpe.com © FX Initiative, LLC | All rights reserved | Unsubscribe from list. May 7, 2019By FX Initiative General #strategy, accounting, bestpractices, CPE, currency, derivatives, education, finance, forex, fxcpe, fxinitiative, hedging, knowledge, learning, management, policy, practice, risk, sales, simulate, teams, treasury 0 0 Comment
FX Risk Policy Best Practices Discover FX risk policy best practices! FX Initiative’s FX Risk Policy webinar covers best practices for drafting a FX risk management policy, including strategies for pricing and booking FX transactions that enable a corporation to control FX risk, and how personnel, resources and operations are incorporated into a policy framework to reduce the impact of unpredictable changes in FX rates. Get started with our foreign exchange risk management training, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Start Training > Download the PDF April 30, 2019By FX Initiative FX Risk Management, General, Webinar accounting, currency, derivative, duties, economics, education, finance, forex, fxcpe, fxinitiative, guidance, hedge, internalcontrol, learning, management, personnel, policy, procedures, reporting, resources, risk, training 0 0 Comment
You're invited to the FX Risk Policy webinar! You're invited to the FX Risk Policy webinar! Thursday, May 17th | 2PM Eastern | 1 CPE Credit Program Overview Join us for a live webinar and learn how to draft a corporate foreign exchange risk management policy. This 1-hour session covers 4 key learning objectives: Discover best practice policies for pricing and booking foreign exchange (FX) transactions. Recognize how to incorporate FX personnel, resources & operations into a policy document. Identify the essential elements of a formal written corporate FX risk management policy. Explore how FX risk policy language is disclosed in corporate annual reports (10-K). Who Should Attend New and seasoned finance, accounting, treasury, and related professionals (CPA, CIA, CRMA, CFE, etc.) interested in international business. Join Us May 8, 2018By FX Initiative FX Risk Policy Drafter, Webinar CPE, Foreign-Exhange, Policy, Risk-Management, Webinar 0 0 Comment
Check Your FX Knowledge: Take Our Pre-Test Evaluation Are you a foreign exchange expert? Take the FX pre-test evaluation to see how you perform using our scoring brackets! 100% Excellent Job! Ready to earn your certification? 90% Good Start! Complete your FX Risk Management Training! 80% About Average. Let’s close your FX knowledge gaps! <70% Room for Improvement! It’s time to take the FX Initiative! Whether you’re an experienced professional or brand new to foreign exchange, FX Initiative’s Currency Risk Management Training helps you learn currency risk management best practices using a video based on-demand format with real-world examples. Complete your FX training today in 4 simple steps: Select Your FX Risk Management Training Program Complete Your FX Risk Management Training Education Track Your FX Risk Management Training Progress Download Your Certificate of Completion Ready to take the FX Initiative? Click here to get started! Cheers, The FX Initiative Team support@fxinitiative.com June 26, 2017By FX Initiative General Collars, Continuing Professional Education, CPE, Currency, Economics, Evaluation, Financial Reporting, Forwards, Hedging, Options, Policy, Qualitative, Quantitative, Risk Management, Spot, Strategy, Trading, Treasury, Derivatives, FX, Pre-Test 0 0 Comment
The Art & Science of FX Risk Management FX risk management can be viewed as both an art and science. This means that the results of currency risk management practices can be measured quantitively like a science, but determining what constitutes good or bad results requires qualitative analysis like an art. There is no single prescription for managing foreign exchange risk, and each organization must decide their risk management objectives, as well as the best approach towards achieving those objectives. An excellent example of this concept is a Foreign Exchange (FX) Risk Management Policy. A formal written FX Risk Management Policy lays out a plan with clear parameters and guidelines for managing foreign exchange risk across the enterprise. However, the specific strategies for hedging specific exposures often requires subjective day-to-day judgment that falls outside the scope of the master Policy. As a result, treasury staff of multinational corporations typically know what they are trying to achieve, but struggle with how to achieve it. FX Initiative's Currency Risk Management Training addresses both the quantitive science and qualitative art of FX risk management. From drafting a formal Policy using our FX Risk Policy Drafter to modeling real world scenarios using our FX Transaction Simulator, our training walks you through common approaches to goal setting and then shows you how to achieve those goals using derivative insturments. The ideas that are discussed will help you see how a world-class organization such as Apple is able to set high level objectives as evidenced in their 10-K, and then accomplish those objectives using the judgement of their highly trained personnel. If you are interested in learning the benefits of training your personnel on both the high level objective goal setting and day-to-day subjective decision making involved in foreign exchange risk management, sign up and take the FX Initiative today. You can use our FX Risk Policy Drafter to create a formal written policy, and then leverage our FX Transaction Simulator to customize specific variables that reflect your actual exposures to determine if you are able to achieve the FX hedging objectives you desire. Our video based curriculum puts academic theory into practice, and can help you and your team excel at both the art and science of managing foreign exchange risk. Take the FX Initiative for your organization by subscribing here. Click here to subscribe > Cheers, The FX Initiative Team support@fxinitiative.com June 19, 2017By FX Initiative Examples, FX Risk Management, FX Risk Policy Drafter, FX Transaction Simulator , Continuing Professional Education, CPE, Currency, Foreign Exchange, Policy, Qualitative, Quantitative, Risk Management, FX 0 0 Comment
“If You Don't Invest in Risk Management…” “If you don’t invest in risk-management, it doesn’t matter what business you’re in, it’s a risky business.” This quote from Gary Cohn, the current Director of the National Economic Council and the former Chief Operating Officer of Goldman Sachs, highlights the important role risk management plays in achieving business success. When it comes to international business, the reward of expanding into new markets and capturing greater profits tends to be the primary focus. However, managing risk, and in particular, foreign exchange risk, is an equally important endeavor when venturing abroad, because if not managed properly, rewards can be diminished. The following introduction video to the "FX Risk Management" course addresses the two main learning objectives that are covered throughout this highly informative hour long educational program, which include (1) to recognize the role personnel, operations, and resources play in the establishment of a foreign exchange risk management program and (2) to explore the nine essential components of a comprehensive formal foreign exchange risk management policy. Want full access? Click to subscribe today! If you are interested in learning more about managing currency risk, sign up for our Foreign Exchange Risk Management Training 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 for 2017 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! Click here to start your FX Risk Management Training today! Cheers to your global organization's continued success in the new year, The FX Initiative Team support@fxinitiative.com March 6, 2017By FX Initiative FX Risk Management , Continuing Professional Education, CPE, Currency, Foreign Exchange, Gary Cohn, Goldman Sachs, Management, Operations, Personnel, Resources, Risk, FX, Policy 0 0 Comment