This course is
designed to overview the most important concepts related to treasury products.
It gives treasury professionals the knowledge needed to understand and perform
tasks related to treasury products. It explains the importance of hedging FX
and interest rate risk for many of Banks’s customers and how swaps, FX Spot and
Forward and NDFs (Non- deliverable forwards) are used by customers. It also
discusses how yields and prices for the major treasury products are calculated
and how money market and bond securities are issued and priced.
Identify field-related terminology and how they are quoted in the market
Understand the importance of hedging FX and interest rate risk for many of the banks’ customers
Perceive how swaps, FX Spot and Forward, and NDFs (Non- deliverable forwards) are used by customers
Calculate yields and prices for the major treasury products
Demonstrate understanding of how money market and bond securities are issued and priced.
Macro-Economic
Indicators.
Introduction Monetary
Policy.
Introduction to the
Fiscal Policy.
Treasury Objectives
and Functions.
Treasury Operations
Model and Governance.
Introduction and
Definitions for the different Desks in the Treasury Department.
The difference between Simple and Compounded
Interest Rate:
Understanding principles of the time value
of money.
The Money Market Deposits:
To understand the function of the money
market, the differences, and similarities between the major types of cash money
market instruments and how they satisfy the requirements of different types of borrowers
and lenders.
The main characteristics of the major
currencies, and the main Factors affecting Foreign Exchange. The Foreign
Exchange spot 'cross ‘markets’ Calculations:
To understand and be able to apply spot
exchange rate quotations.
To understand basic spot FX dealing
terminology and the role of specialist types of intermediaries.
To recognize the principal risks in spot
and forward FX transactions.
Managing the interbank position (USD
position against EGP).
Fixed Income
Main characteristics of Treasury bonds
& Bills.
Factors of bonds market value.
Derivatives:
Forward-forwards, FRAs and Money Market
Futures & Swaps: To understand the mechanics of and how to use money market
interest rate derivatives to hedge interest rate risk.
Options:
To understand the fundamentals of options.
To recognize the principal classes and types.
To understand the terminology, how they are
quoted in the market, how their value changes with the price of the underlying
asset and the other principal factors determining the premium, how the risk on
an option is measured and how they are delta hedged.
To recognize basic option strategies and understand
their purpose
·
Treasury Professionals of
all levels
