East Asia Institute of Management 东亚管理学院 (EASB) English

Currency Options

This course is an extension of options elaborating solely on currency options. Currency options serves well both as investments and risk management tools and has form an integral part of treasury management. Basic knowledge of options is required.

The development of the currency options market in Singapore will be discussed, highlighting the past decade of events that resulted in an erratic change in the market size and activities.

The course will also cover currency options as investments and hedging tools and its paramount role in private and corporate banking.

Objective:

1. To complete the knowledge in options covering the vital area of currency options
2. To introduce the complexity in managing a currency options portfolio
3. To introduce the risk factors – Greeks and their risk elements

Outline:

1. The origin of options and the purpose of its existence
2. Currency Options pricing
3. Past pitfalls and lessons learnt
4. Options risk factors – The Greeks
5. Delta, Gamma, Vega and Theta in contention – Graphical and conceptual explanation
6. The Binomial Pricing Model
7. The Black Scholes Model
8. Market conventions and practices
9. Currency options portfolio management
10. Dynamic delta hedging – from a trader’s perspective
11. Currency options as investment and hedging tools

For whom:
Bankers and corporate professionals who uses currency options as investments.

Duration:
2 days

Fees
$750                              
*Subject to prevailing GST of 7%.

Trainer Profile
Mr Lai Kum Hung has his forte in treasury activities with regard to the trading and sales of derivative instruments with various blue-chip banks both here in Singapore, Holland, and in London, and has worked extensively with their private and corporate banking arm. He was also a financial analyst, a senior consultant in Seoul, Korea - consulting on treasury activities and risk management for the banking industry, and a full time trainer with institutions of higher learning (SMa, Raffles Acadamy, PSB etc). He has conducted countless seminars, workshops, and courses to both institutional and private clients in all of his capacities either in classroom settings, or on-site training to various corporations in the Asia Pacific region. Kum Hung graduated from an Ivy-league university in the US (Columbia University) with an MBA, and earned his bachelor degree in Electrical and Computer Engineering from the State University of New York.

IMPORTANT NOTE:
1.   Replacements are allowed without charge. Please inform us of the replacement in writing at least 3 days before the commencement date.
2.   Cancellation received less then 10 working days prior to the workshop will carry a 30% administration fee.
3.   Confirmation will be sent out via email 2 weeks prior to the commencement date.
4.   EASB reserves the right to reschedule/cancel a workshop in the event of unforeseen circumstances.
 

For further information, please contact 6370 8865 / 6278 5550, or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it