Foreign Exchange and Risk Management

Foreign Exchange and Foreign Trade; Exchange Rate; Foreign Exchange as Stock; Balance of Payments; Balance of Payments Accounting; Components of Balance of Payments; Current Account; Capital Account; Official Reserve Accounts; Debit and Credit Entries; International Exchange Systems; Fixed Exchange Rate System; Floating Exchange Rate System; Exchange Rate System Prior to IMF; Gold Currency Standard; Gold Bullion Standard; Gold Exchange Standard; Exchange Rate System under IMF; Bretton Woods System; Smithsonian Agreement; Flexible Exchange Rate Regime.

Convertibility of Rupee; Current Account Convertibility; Capital Account Convertibility; Theories of Foreign Exchange Rate Determination; Purchasing Power Parity (PPP); International Fisher Effect (IFE); Interest Rate Parity (IRP); Administration of Foreign Exchange; Authorized Persons; Authorized Dealers; Authorized Money Changers; Foreign Currency Accounts; Nostro Account; Vostro Account; Loro Account; Foreign Exchange Regulations.

Foreign Exchange Transactions; Purchase and Sale Transactions; Exchange Quotations; Direct Quotations; Indirect Quotations; Two-Way Quotations; Spot Transactions; Forward Transactions; Forward Margin; Factors Determining Forward Margin; Merchant Rates; Basis of Merchant Rates; Types of Buying and Selling Rates; Ready Rates Based on Cross Rates; Forward Exchange Contracts; Fixed Forward Contracts; Option Forward Contracts; Calculation of Fixed and Option Forward Rates; Interbank Deals; Execution of Forward Contracts.

Exchange Dealings; Dealing Position; Exchange Position; Cash Position; Accounting and Reporting; Mirror Account; Value Date; Exchange Profit and Loss; R Returns; Foreign Exchange Markets; Settlement of Transactions; SWIFT; CHIPS; CHAPS; Fedwire; Forex Risk Management; Risks in Forex Dealing; Measurement of Value at Risk (VaR).

Exchange Exposure and Exchange Risk; Transaction Exposure; Managing Transaction Exposure; External Hedge; Forward Contract Hedge; Money Market Hedge; Hedging with Futures and Options; Internal Hedge; Translation Exposure; Methods of Translation; Managing Translation Exposure; Economic Exposure; Managing Economic Exposure; Interest Rate Risk; Integrated Foreign Exchange Risk Management.