Foreign Exchange - Deliverable Forwards

Intermediate Foreign Exchange – Deliverable Forwards Overview

This course covers a range of important topics, teaching you how to use deliverable forwards effectively. First, you will learn the benefits and drawbacks of these tools and understand how forward points work. We will explore forward FX prices, forward cross rates, and forward FX broken dates. You will also learn strategies to deal with interest exposure, as well as how to manage a Nostro account. After this course, you will have a more comprehensive understanding of how to use deliverable forwards to your advantage.

Intermediate Foreign Exchange – Deliverable Forwards Learning Objectives

• Explain the financial benefits of using FX deliverable forwards.
• Identify the differences between a spot, a forward, and a forward
  outright.
• Gain familiarity with forward foreign exchange terminology and
  understand its limitations.
• Calculate forward FX prices, forward cross rates, and forward FX
  broken dates.
• Use forward FX trades to manage a Nostro account and interest rate
  exposure.

Intermediate Foreign Exchange – Deliverable Forwards is an elective course of CFI’s CMSA® program

CFI’s Capital Markets & Securities Analyst (CMSA)® program covers all the basic, intermediate, and advanced topics about sales and trading, investment banking, and asset management. This program teaches you trading strategies used in the finance and capital markets industry. It is ideal for students who want to trade different asset classes. The program is completely online so you can take it at your own pace, anywhere in the world.
Common career paths for students who take the CMSA® are Sales & Trading, Asset Management, Wealth Management, Treasury, Risk Management, and other capital markets careers.

 Who should take this CMSA® Course?

This course is great for anyone considering hedging currency risk exposure. Anyone interested in a career involving forwards or currency trading can benefit by understanding the key ideas discussed in this course.