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Programa

Markets Instruments and Short-Term International Financing

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CONCEPTOS
CLAVE
1
BASIC CONCEPTS OF FOREIGN EXCHANGE AND FOREIGN EXCHANGE MARKETS
2
RELATIONSHIP BETWEEN EXCHANGE RATES AND INTEREST RATES
3
EXCHANGE RATE DETERMINANTS
4
FINANCIAL PRODUCTS AND THEIR USE AS FOREIGN EXCHANGE HEDGES
5
MANAGEMENT OF EXCHANGE RATE RISK IN THE COMPANY
6
GUARANTEES IN FOREIGN TRADE OPERATIONS
7
MEANS OF COLLECTION AND PAYMENT
8
EXPORT CREDIT INSURANCE
Matrícula
Categoría:

Finanzas, Auditoría y Fiscalidad

Modalidad:Online
Edición:XXXIII
Inicio: 01/05/2020. Plazo de inscripción cerrado hasta la próxima edición.
Fin Preinscripción: 01/05/2020
Precio: 390€


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Description

The course focuses on the description and development of international financial markets and the instruments available to companies to finance and mitigate risks associated with their international operations. 

Globalization and Internationalization make it necessary for companies to take into account how the evolution of financial markets may affect them. 

It also develops the main financial products and instruments that support risk management and the financing of exports and investments in the short term.

Información

Goals

  • Knowledge about how the foreign exchange markets are organized as well as the financial instruments that compose them (spot operation, forward operation (standard, NDF, synthetic and American), call and put.

  • Ability to identify business opportunities through the combined analysis of price levels and exchange rates.

  • Ability to make decisions on hedging the contractual exchange risk using the financial instruments indicated above.

  • Ability to estimate a company's exposure to operational foreign exchange risk. Ability to design a macro-hedging operation for a company's operational risk.

  • To know how Export Credit Insurance works and how it complements payment methods.

  • Differentiate the different financing structures applicable depending on whether the operation takes place in an emerging country or in a developed country.

  • Analyze and identify which type of financing is the most viable according to the characteristics of the operation: type of contract, buyer, seller, country, guarantees, etc.

  • Mechanisms and instruments to finance operations efficiently in terms of the risks borne by the seller.

  • How to achieve in each case the objective of the exporter or contractor: that the financing is truly without recourse and that it becomes an instrument that gives viability to a commercial operation.

  • Translated with www.DeepL.com/Translator

SPECIFIED TIME PERIOD AND PLACE

Specified time period: This course has and extension of 20 contact hours.

Timetable: This course is delivered on Friday from 16:30 h. to 21:30 h. and Saturday from 9:00 h. to 14:00 h.

Modality: This course is taught online live, you can interact with the teacher and classmates during the course of the class and solve your doubts at the moment.

MÓDULOS

BASIC CONCEPTS OF FOREIGN EXCHANGE AND FOREIGN EXCHANGE MARKETS
  • Basic Concepts
  • Assets in which currencies are specified
  • Operating segments
  • Participants
  • Organisational aspects

RELATIONSHIP BETWEEN EXCHANGE RATES AND INTEREST RATES
  • Arbitration with coverage
  • The Theory of Interest Rate Parity
  • Determination of the forward exchange rate

EXCHANGE RATE DETERMINANTS
  • Variables influencing the determination of exchange rates
  • The influence of prices on exchange rates and implications for international trade and investment

FINANCIAL PRODUCTS AND THEIR USE AS FOREIGN EXCHANGE HEDGES
  • Operaciones spot
  • Operaciones forward o Forward standard o Non-Deliverable Forward o Forward sintético o Forward Americano
  • Futuros
  • Opciones: call y put.

MANAGEMENT OF EXCHANGE RATE RISK IN THE COMPANY
  • Concepts of risk and exposure to exchange rate risk
  • Management and hedging of contractual exchange rate risk
  • Economic exchange rate risk management and hedging

GUARANTEES IN FOREIGN TRADE OPERATIONS
  • Offer Guarantee
  • Advance Payment Guarantee
  • Guarantee of Good Performance
  • Retention Guarantee
  • The problem of guarantees

MEANS OF COLLECTION AND PAYMENT
  • Introduction Underlying structure. Classification
  • Transfers
  • Bank Check
  • Personal Check
  • Simple Remittance
  • Documentary Remittances
  • Documentary Credits

EXPORT CREDIT INSURANCE
  • Concept of ECA (Export Credit Agency). The Spanish case CESCE

  • CESCE products on own account and on behalf of the State

  • Private insurance market

  • Use of these products to facilitate the financing of operations

 

 


PROG-FI-MERCADOS-FINANCIAC-XXXIII
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