January 2024 Newsletter New Year Knowledge: Read our January newsletter and discover the latest blog posts and insights from FX Initiative on currency risk management. We help finance, accounting, treasury, and sales professionals stay up to date with new training content, CPE webinars, and helpful tips & resources. Scale the learning curve quickly and easily 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 January 2, 2024By FX Initiative General accounting, business, CPE, cross border, currency, derivatives, development, economics, education, events, examples, finance, financial reporting, fxcpe, fxinitiative, global, hedging, initiative, international, learning, management, operations, payments, professional, risk, training, transactions, treasury 0 0 Comment
FX Initiative Year End Feedback FX Initiative End-of-Year Feedback: Help us enhance your experience using FX Initiative in 2024 and beyond! Thank you for supporting our mission throughout 2023 to teach FX risk management best practices. Please share what you like about our FX training and how we can do better. Take our short survey here: https://www.fxcpe.com/feedback > Start Survey December 19, 2023By FX Initiative General accounting, business, CPE, cross border, currency, derivatives, development, education, events, examples, finance, forex, fxcpe, fxinitiative, global, hedging, initiative, international, learning, management, operations, payments, professional, risk, trading, training, transactions, 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 25, 2023By FX Initiative FX Risk Management, FX Risk Policy Drafter accounting, business, compliance, controls, CPE, currency, derivatives, development, duties, economics, education, events, examples, exchange, finance, foreign, forex, fxcpe, fxinitiative, global, guidelines, hedging, initiative, internal, international, learning, limits, management, operations, parameters, payments, policy, professional, regulations, risk, segregation, SOX, threshholds, trading, training, treasury 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 13, 2023By FX Initiative Examples, FX Derivative Speculator, FX Spot & Derivatives, FX Transaction Simulator accounting, business, collars, cpe, currency, derivatives, development, economics, exchange, expenses, finance, foreign, forwards, fxcpe, fxinitiative, global, hedging, initiative, international, management, operations, options, payments, professional, revenue, risk, sales, spot, technology, trading, training, treasury 0 0 Comment
Features of FX Forward Contracts Features of FX Forward Contracts (Video): Find out the distinctive features of foreign exchange (FX) forward contracts and discover how they can be used to hedge FX risk. 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 November 30, 2021By FX Initiative FX Spot & Derivatives, FX Transaction Simulator accounting, business, collars, corporation, currency, derivatives, expense, finance, foreign, forex, forwards, fxcpe, fxinitiative, global, hedging, international, management, multinational, operations, options, payable, payments, receivable, revenue, risk, subsidiaries, trading, training, treasury 0 0 Comment
Centralizing FX Treasury Capabilities Centralizing FX Treasury Capabilities (Video): Discover how centralized FX risk management functions provide global firms with greater visibility across the enterprise. 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 August 17, 2021By FX Initiative FX Risk Management, FX Risk Policy Drafter, General accounting, centralize, corporate, CPE, currency, derivatives, development, economics, education, finance, forex, fxcpe, fxinitiative, hedging, learning, management, multinational, operations, payments, personnel, policy, professional, resources, risk, simulation, strategy, trading, training, treasury, visibility 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 27, 2021By FX Initiative FX Risk Management, FX Risk Policy Drafter, General accounting, appetite, CPE, currency, derivatives, economics, education, ethics, events, examples, finance, footnotes, forex, fxcpe, fxinitiative, guidelines, hedge, learning, level, management, operations, parameters, personnel, plans, policies, policy, procedures, resources, risk, rules, tolerance, training, treasury 0 0 Comment
2021 Program: Currency Risk Management Training FX Initiative is pleased to present our 2021 program on currency risk management training to our global audience of finance, accounting, and treasury professionals. Download the PDF brochure and discover our foreign exchange (FX) continuing professional education (CPE) training videos, software tools, and webinar topics at FXCPE.com. Our mission is to help global businesses and sales professionals communicate FX risk management best practices efficiently and effectively. FX Initiative is a member of the National Association of State Boards of Accountancy (NASBA) National Registry of CPE Sponsors, and approved for self-study, internet-based, and in-person programs. Download the PDF Since 2010, FX Initiative works with Fortune 500 companies, small and medium-sized enterprises (SMEs), and FX product & service providers on understanding, identifying, assessing, and mitigating currency risk. FX Initiative is an unparalleled resource for foreign exchange risk management and continuing professional education. Managing currency risk remains a high priority for global organizations in 2021. To optimize your firm's international operations, 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 January 12, 2021By FX Initiative General accounting, brochure, business, corporate, currency, derivative, education, events, examples, expense, finance, forex, fxcpe, fxinitiative, global, hedge, international, learning, management, operations, payable, program, receivable, revenue, risk, training, treasury 0 0 Comment
4 Step FX Risk Management Policy A Foreign Exchange (FX) Risk Management Policy is a formal written document that serves as a framework for mitigating and optimizing a company’s FX risk profile. In practice, FX risk management policies can vary widely across organizations depending on their size and structure. Getting started or improving already existing policies can be a challenge without knowing best practices and seeing examples. Therefore, this FX Risk Policy Drafter was designed to help you create a comprehensive Foreign Exchange Risk Management Policy in 4 simple steps. Enter the company name, home country, functional currency, effective date, and review period. Establish internal controls by appointing at least three personnel to the segregated duties of trading, accounting and record keeping. Define materiality thresholds by specifying minimum transaction amounts and hedge coverage levels. Specify the derivative hedging instruments authorized for use and minimum acceptable counterparty credit ratings. Upon completing these 4 steps, 9 sections of the Foreign Exchange Risk Management Policy are drafted and include (1) Function, (2) Definitions, (3) Policy Guidelines, (4) Roles and Responsibilities, (5) Reporting (6) Internal Controls (7) Counterparty Guidelines (8) Policy Review and (9) Policy Approval. Upon reviewing these 9 sections, you will clearly see how the inputs in Steps 1 through 4 are used, and how the program as a whole serves to mitigate currency risk exposures inherent in a company’s business model by specifying how the company’s currency risk management goals will be carried out. You can use this tool to improve or enhance your already existing policy or to lay out a new formal Foreign Exchange Risk Management Policy with clear parameters and guidelines for managing currency risk across the enterprise. Not only does this tool offer a well written policy you can use to tailor your own policy after, it also provides the level of detail to make implementation feasible. Take advantage of this Foreign Exchange Risk Policy Drafter as your own writing tool to help create an optimal foreign exchange risk management policy for your organization. To learn more about about corporate currency risk management best practices, 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 10, 2020By FX Initiative FX Risk Policy Drafter, General accounting, appetite, approval, coverage, CPE, currency, derivative, economics, education, finances, forex, fxcpe, fxinitiative, guidelines, hedge, learning, levels, management, operations, personnel, plans, policy, prarmeters, procedures, resources, risk, rules, thresholds, tolerance, traning, treasury 0 0 Comment
Centralizing FX Treasury Capabilities (Video) Centralizing FX Treasury Capabilities (Video): Discover how centralized FX risk management functions provide global firms with greater visibility across the enterprise. 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 October 8, 2019By FX Initiative FX Risk Management, General accounting, centralize, corporate, CPE, currency, derivatives, economics, education, finance, forex, fxcpe, fxinitiative, hedging, international, learning, multinational, operations, payments, personnel, policy, resources, strategy, trading, training, treasury, visibility 0 0 Comment