August 2022 Newsletter August FX Analyses: Explore our newsletter and discover the latest blog posts and insights from FX Initiative. We help finance, accounting, treasury, and sales professionals stay up to date with new training content, CPE webinars, and helpful tips & resources. 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 > View Newsletter August 2, 2022By FX Initiative General accounting, business, courses, CPE, currency, derivatives, development, econonmics, education, events, examples, finance, fxcpe, fxinitiative, global, hedging, information, insights, international, learning, management, payments, professional, risk, simlulations, strategy, tools, trading, training, treasury, webinars 0 0 Comment
Preparing FX Risk Policies Preparing FX Risk Policies (Video): Explore how global firms such as Apple formally plan clear parameters and guidelines for managing foreign currency risk. 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 July 26, 2022By FX Initiative FX Risk Management, FX Risk Policy Drafter, General accounting, business, CPE, currency, derivatives, development, economics, education, events, examples, finance, forwards, fxcpe, fxinitiative, global, guidelines, hedging, international, management, options, parameters, payments, personnel, policy, procedures, profesionnal, risk, training, treasury 0 0 Comment
The 5 Stage FX Trade Lifecycle The 5 Stage FX Trade Lifecycle (Video): Discover the top treasury functions employed by global corporations when executing foreign exchange (FX) risk management strategies. This video is a preview of FX Initiative’s FX Risk Management course as part of Learning Objective #1. 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 June 21, 2022By FX Initiative FX Risk Management, General accounting, business, CPE, currency, derivatives, development, economics, education, events, examples, finance, fxcpe, fxinitiative, global, hedging, international, learning, management, payments, professional, risk, training, treasury, webinars 0 0 Comment
An Overview of FX Options An Overview of FX Options (Video): Explore the value drivers of foreign exchange (FX) put and call options, and recognize the payoff profile of option contracts. This video is a preview of FX Initiative’s FX Spot & Derivatives 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 June 14, 2022By FX Initiative FX Derivative Speculator, FX Spot & Derivatives accounting, business, CPE, cross-border, currency, derivatives, development, economics, exchange, finance, foreign, forex, fxcpe, fxinitiative, global, hedging, international, management, payments, professional, risk, training, transactions, treasury 0 0 Comment
Simplifying FX Spot Transactions Simplifying FX Spot Transactions (Video): Discover how FX spot transactions serve as the basis for all currency derivatives such as forwards, options, and option combinations. This video is a preview of FX Initiative’s FX Spot & Derivatives course as part of Learning Objective #1. 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 24, 2022By FX Initiative FX Spot & Derivatives, General accounting, business, CPE, currency, derivatives, development, education, events, examples, finance, fxcpe, fxinitiative, global, hedging, international, management, payments, professional, risk, training, treasury 0 0 Comment
FX Pricing & Booking Best Practices FX Pricing & Booking Best Practices (Video): Explore how multinational corporations can retain and reduce FX risk by pricing and booking FX transactions strategically. This video is a preview of FX Initiative’s FX Risk Management course as part of Learning Objective #1. 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 17, 2022By FX Initiative FX Risk Management, General accounting, business, CPE, currency, derivatives, development, economics, education, events, examples, exchange, expense, finance, foreign, forex, fxcpe, fxinitiative, global, hedging, international, learning, management, payable, payments, professional, receivable, revenue, risk, trading, training, transactions, translation, treasury 0 0 Comment
May 2022 Newsletter May FX Risk Management Mastery: Explore our May newsletter and discover the latest blog posts and insights from FX Initiative. We help finance, accounting, treasury, and sales professionals stay up to date with new training content, CPE webinars, and helpful tips & resources. 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 > View Newsletter May 3, 2022By FX Initiative General accounting, business, CPE, cuurency, derivatives, development, eamples, education, events, finance, fxcpe, fxinitiative, global, hedging, international, learning, management, payments, professional, risk, trading, training, treasury 0 0 Comment
Simulating FX Hedging Strategies 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. Start FX Risk Management Training > April 26, 2022By FX Initiative FX Derivative Speculator, FX Transaction Simulator business, collar, CPE, currency, derivatives, development, economics, expense, finance, forward, fxcep, fxinitiative, global, hedging, international, management, multinational, option, payable, professional, receivable, revenue, risk, simulations, spot, strategy, training, treasury 0 0 Comment
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 March 29, 2022By FX Initiative FX Risk Management, General accounting, CPE, currency, derivatives, development, education, events, examples, exchange, finance, foreign, forex, fxcpe, fxinitiative, hedging, learning, management, professional, risk, trading, training, treasury 0 0 Comment
Clarifying Currency Quoting Conventions Clarifying Currency Quoting Conventions (Video): Distinguish the difference between direct and indirect currency quotations. This video is a preview of FX Initiative’s FX Market Overview 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 March 8, 2022By FX Initiative FX Market Overview, General accounting, business, currency, derivatives, education, eexamples, events, finance, global, globalization, hedging, international, learning, management, multinational, payments, risk, training, treasury 0 0 Comment