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Treasury Trainings for todays Financial Leaders

Foreign Exchange
Options
Derivative
Commodity
Hedge Accounting
Hedging
Exotics
Global Markets
Risk Management
Swaps
Forwards
Excel Practicals
Interest Rates
Equity
Bonds
Valuations

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Corporates

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Training Modules

Foreign Exchange
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Interest Rates
Global Markets
Bonds
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Training Finance Professionals around the Globe

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Expert-Led Training Programs for Real-World Success

The faculty members possess a distinctive advantage due to their extensive expertise in both the banking and corporate domains. Our trainers are among the few leading figures in Fx Risk Management, Derivative Pricing, Strategy Making.
Our programs stand out for their comprehensive coverage of all technical and practical aspects of Global Financial Markets. We have training programs that are cover the simplest to the most complex concepts of the Financial Market.
We offer training programs that straddles both the Strategic and Implementation aspects of Fx, Commodity and Interest Rates Hedging and Risk Management. We work with our clients to select the modules best suited for their organization. Our objective is that participants will gain a comprehensive understanding to navigate the Financial Markets with confidence, whether during periods of volatility or stability.
Our programs blend the best of pedagogy with actual market experience. Our trainers have managed the exposures of corporates and maximized returns for them. So, we know exactly what works in the competitive and volatile markets. They bring their unique experiences to the training programs.
We have successfully trained more than 750+ Senior Management corporates and bankers. We have 10 years of excellent feedback from all our training participants.
Our Clients can chose to have the training programs done through online mode or in-person.

Our Trainers

Samir Lodha

Managing Director
Samir Lodha founded QuantArt in 2012 January which has been running for the last 10 years. He is an MBA from the Indian Institute of Management Calcutta (IIMC) and has around 20 years of experience in Forex and Interest rate risk management. Prior to that, he had worked in senior positions with foreign exchange treasuries of JP Morgan (Executive Director), HSBC (Associate Director), and ICICI Bank wherein he advised large companies across India on risk management and hedging of foreign exchange and interest rates exposures.  He has significant experience in Fx and rate markets along with a sound experience and understanding of global markets, market economics, hedging strategies, hedge algorithms, price calculation, and risk-return optimization.

Srinivas Puni

Managing Partner
Srinivas Puni is an MBA from the Indian Institute of Management Bangalore (IIMB) with over 15 years of experience in structuring forex and interest rates derivatives. He has worked with banks like JP Morgan, Standard Chartered, Yes Bank, and Axis Bank in the past. He conducts training on foreign exchange and risk management as well as advises specifically large clients. Srinivas has an in-depth understanding of the quantitative models behind derivative valuation and related CVA, DVA, FVA modeling. He specifically handles pricing, valuations, structuring, risk modeling etc.

Vinod Garg

Managing Partner
Vinod is an MBA from IIM Lucknow with 20+ years of experience in treasuries in India and Hong Kong wherein he advised large companies and banks on risk management, markets, and hedging. Prior to joining QuantArt, he held the positions of Executive Director in Goldman Sachs and BNP Paribas. Vinod has extensive skills in simplifying complex situations and convert the same into a hedge opportunity.

Sandip Basu

Managing Partner
Sandip is a post graduate from BITS Pilani with 25+ years of experience in global markets.  He began his banking career with SBI and thereafter held leadership position at treasury at American Express Bank, Deutsche Bank and ICICI Bank in India. He was an investment banker for 7 years covering areas including PE intermediation, debt syndication and FX advisory. Sandip was Chief Treasury for Tata Steel Group between 2014-2020, where he led a large team with distinction in hedging currency, interest rates and commodity, investment of surplus funds, retirals investment, working capital management,RBI regulations  etc.

Participants Experience

"I was fortunate to do a Forex Derivative training course at QuantArt. I received a very good insight on valuations."
Head Treasury ManagementOne of the largest agro-based company in India
"The session is very informative and useful."
Relationship Manager – TreasuryOne of the Top 3 banks in India
“The quality of presentation and content was great.”
Manager – Corporate Finance & AccountsOne of the largest agro-based company in India
“Practical discussions rather than vague speculation. It was overall a good session indeed.”
Treasury ManagerOne of the largest automotive sector in India
"The session is very informative and useful."
Relationship Manager – Treasury
“The training was very good and helpful and consistent. It was thorough and relevant.”
Sr. Executive (Risk Officer)One of the largest agro-based company in India
“Risk Management – Chances of improving profitability as well as cost savings.”
GM – Finance & AccountsCompany specializes in manufacturing Air Handling Systems
“The session was very interesting and interactive too”
Financial Controls and Process Improvement & CSOne of the largest manufacturers of high-quality engineering components
"The session was very interesting and interactive too. I am sure the series will go very well and it will be very fruitful and a learning experience for the attendees."
Financial Controls and Process Improvement & Company Secretary
"The workshop was really good, and also scenarios were explained in a nice way. Keep it up!!"
One of India's rapidly growing Pharmaceutical companies
"I like the way the session is conducted by the trainers with simple language and clear expression. We may continue the presentation in excel sheet format."
One of India's reputed business conglomerate

Foreign Exchange Modules

Here is what we will cover during the session:-

  1. Making sense of terminologies in FX market– Direct/Indirect Quotes, Cash/Tom/Spot.
  2. Cross-exchange rates and Bid/Offer quotes.
  3. FX forwards – Sell/Buy, Buy/Sell FX swaps and outright forwards.
  4. Calculating outright forward bid/offers. Cross-forward rates.
  5. Booking and cancellation – calculating the MTM on cancellation.
  6. Rollover and early utilization of forward contracts – pricing mechanics and implications
  7. Money markets and forward premium relationship

Here is what we will cover during the session:-

  1. Need for Algorithm-based hedging​
  2. Some sample algorithms and their design
  3. Algorithms with a group performance for Import hedge, Export hedge & Trading.​
  4. Implementation challenges of the algo-based hedging.

Here is what we will discuss during the session:-

  1. Forwards, Par Forwards and LTFX – Pricing. 
  2. Options & Option structures as applicable for exporters and importers. 
  3. Natural hedge and synthetic foreign currency loan
  4. Strategic hedge considerations – Budget Rate Targeting, Dynamic hedging, Laddering.
  5. Regulations related to Hedging.

Here is what we will cover during the session:-

  1. Concept of an option – call/put payoff diagrams.
  2. Conventions – expiry/settlement dates, expiry cut, parameters influencing the price of an option.
  3. Option structures – constructing payoff profiles.
  4. Call/Put spread, Range forward, seagull, capped forward, call spreads

Here is what we will discuss during the session:-

  1. Indian context: Importer option strategies, Exporter option strategies, Loan option hedging strategies, Option trading strategies.
  2. How to make structures, Intuitive pricing, Pros and cons, practical issues.
  3. Regulations related to options.
  4. OTC vs Exchange.

Here is what we will discuss during the session:-

  1. Fx Exotics – types, payoffs: European digitals, American digitals (touch options)
  2. Fx Exotics – types, payoffs: Barrier options (KO, KI, RKO, RKI), Accumulators/Faders
  3. Fx Exotics – types, payoffs: Target redemption structures, Asian, Ratchet/Clique, Basket options.
  4. Framework of structuring using exotics given underlying exposures (Imports, exports, Loan, etc.).
  5. Risk assessments and Documentation (Deal Confirmations wording, appropriateness etc. to safeguard Bank’s interest).
  6. Risk Management and MTM simulation in different scenarios.
  7. General Do’s and don’ts based on past experiences.
  8. Exotic pricing basic considerations
  9. Vanna Volga method
  10. Dupire
  11. Heston model
  12. SABR model
Here is what we will cover during the session:-
  1. Options and Option Structures: Call/Put options, Range forward/Seagull and Call/Put Spread
  2. Understanding the Black-Scholes-Merton framework of option pricing
  3. Basic philosophy and assumptions of the BSM model
  4. Inputs to the Black-Scholes formula.
  5. Understanding the relationship between interest rates, spot/forward rates, and option pricing.
  6. Concept of volatility – Vol surface, Vol smile, skew, risk reversal, delta, butterfly.
  7. USDINR Option Market.
  8. Pricing of USDINR options – discussion on the input parameters.
  9. Option Greeks – Delta, Gamma, Vega, and Theta – how they affect the option MTM.
  10. Deferred premium on Loan hedging.
  11. Call spread for Loan hedging.
  12. Offshore vs onshore option hedging.

Here is what we will discuss during the session:-

  1. USDINR Outlook and Hedge strategy for export, import, and Loans​
  2. Reassessment of Global Markets and view on USDINR and other Fx.​
  3. Factors driving financial markets and Fx.​
  4. Hedge strategy for USD Import, EUR Export, Fx/INR Loans, EUR, GBP, CNY, JPY.​

Here is what we will discuss during the session:-

  1. Historical perspective on Forex regimes and gold standard
  2. Key drivers of FX – Current and capital account and Trade balance
  3. Current account balance determinants – Oil and Gold, Remittances, Invisibles,
  4. Capital Account and its determinants – FDI, FPI and global thematic considerations
  5. Monetary Policy ( QE, QT) and Impact on Fx – RBI, FED, ECB, BOJ and others, FX intervention and Emerging Market Currency Dynamics​
  6. Commodity impact on FX, Geo Politics and impact on Fx​

Here is what we will discuss during the session:-

  1. Importer and Exporter option strategies for short-term and long-term.
  2. Option structuring and scenario builder for long-term loan hedging using options.
  3. Structuring nuances and payoff design considerations – Pros and cons and practical considerations
  4. Structures covered – call/put spreads, range forward, seagull, capped forward

Here is what we will cover during the session:-

  1. Definition: CSA defines terms for collateral exchange in derivatives contracts.
  2. Thresholds: Discuss the impact of collateral thresholds on credit risk.
  3. Eligible Collateral: Types of acceptable collateral and their valuation.
  4. Haircuts: Adjustments to collateral value to manage risk.
  5. Currency Impact: Address multi-currency collateral and associated risks.

Here is what we will discuss during the session:-

  1. Risk identification and measurement​ – hedge ratio and bucketing
  2. Strategic considerations – Hedging objective – profit/cost reduction, Gross vs Net
  3. Defining objectives – absolute vs relative rate targeting
  4. Treasury checklist – how best treasuries operate
  5. RBI regulations related to risk management and hedging​ including UFCE
  6. Past performance of various hedging methodologies​
  7. ISDA, and ISDA Negotiation​

Here is what we will cover during the session:-

  1. Interrelations and correlations in Global Markets asset classes – Equity, Fx, Rates, Commodities, Bonds, Credit, Alternative​
  2. Global Monetary Policy and Impact – Fed, ECB, BOJ and others​
  3. Understanding Credit, Money Supply, Liquidity and Leverage for judging stress​
  4. Carry Trade, Risk Parity, Risk Rotation, Safe Haven, Gold, Vix ​
  5. Interpreting Economic Data Releases ​
  6. Geo Politics, Politics and other events ​

Here is what we will discuss during the session:-

  1. Are you getting the right price on your Fx conversion?​
  2. Is the Fx rate trended against you?​
  3. How to negotiate to get the right rates?​
  4. Negotiation strategies – Regular Fx, Cash, Spot, Forwards, Options and Swaps.​

Here is what we will discuss during the session:-

  1. Value at Risk (VaR) and its relevence in corproate risk management
  2. Strategizing hedge decision framework and policy using VaR
  3. Optimizing hedge savings and risks using VaR

Here is what we will cover during the session:-

  1. Definition: Money markets deal with short-term borrowing and lending.
  2. Instruments: Common instruments include treasury bills and commercial papers.
  3. Participants: Central banks, banks, and corporations are key players.
  4. Liquidity: Money markets manage short-term liquidity efficiently.
  5. Risks: Includes credit risk and interest rate volatility.

Here is what we will cover during the session:-

  1. CVA: Adjusts for counterparty credit risk.
  2. DVA: Reflects own credit risk.
  3. FVA: Includes funding costs in valuation.
  4. Interdependencies: Links between CVA, DVA, and FVA.
  5. Regulations: Ensures compliance and risk management.

Here is what we will discuss during the session:-

  1. Basel III: Credit risk and CVA, FVA, DVA,​
  2. Right-Way and Wrong-Way, Credit Modelling,​
  3. Funding in derivative trades​
  4. CSA/non-CSA.​

Interest Rates Modules

Here is what we will cover during the session:-

  1. Outlook on INR USD, EUR int,erest rates
  2. Figuring out the right rate on loans
  3. Lower interest cost with foreign currency loans – hedge strategies
  4. Low-cost hedging strategies for Foreign Currency Loan.
  5. Cost reduction on Rupee loans using the OIS curve
  6. Loan cost reduction on working capital – PCFC, subvention etc.
  7. Bond vs Loan vs Foreign Currency Loan.
  8. Exotics for interest rate hedging cost optimization

Here is what we will discuss during the session:-

  1. Foreign Currency Loan – funding advantages and regulations.
  2. Current interest rate curves and spreads, loan hedge strategies and instruments
  3. Evaluation of loan strategies – computation of scenario based IRR
  4. Considerations in choosing right strategy – currency choice, instrument choice vis-a-vis the market dynamics

Here is what we will discuss during the session:-

  1. Concepts related to Swaps: FRA, interest rate, and currency swaps.
  2. Conventions and terminologies – LIBOR, RFR day count conventions, holiday conventions, stub, etc.
  3. CCS, POS, COS, IRS in Indian context along with examples.
  4. Long-term forwards and their equivalence to swaps.
  5. Basic philosphy of swap pricing
  6. Discount factors , compounding and day count considerations
  7. Back of the envelope swap pricing.
  8. PV01 calculation and usage
  9. Unwind valuation of existing swap.
  10. Pricing of Option with deferred premium.
  11. Credit charge and Bank P/L.
  12. Back of the envelope pricing.
  13. PV01 Risk Bucketing and Mifor matching.

Here is what we will discuss during the session:-

  1. Interest Rate Outlook. ​
  2. Interest rate hedging products and curves
  3. Strategies for optimizing hedge costs – interplay of tenor, amount and protection ranges
  4. Currency of borrowing – considerations and costs

Commodity Modules

Here is what we will cover during the session:-

  1. Commodity Outlook: Global paradigm and specific factors
  2. Hedging Instruments: Overview of instruments across various exchanges and OTC markets
  3. Insight into hedging strategies and processes
  4. Correlation and Basis Risk management
  5. Hedging regulations
  6. Case Studies: Guidelines, documentation, and real-world cases

Here is what we will discuss during the session:-

  1. Commodity Outlook: Global factors and Price Risk Management ​
  2. Hedging Instruments: Overview of instruments across various exchanges and banks. ​
  3. Strategy & Process: Insight into hedging strategies and processes. ​
  4. Correlation of Prices​
  5. Basis Risk Management​
  6. Regulations on Hedging​
  7. Case Studies: Guidelines, documentation, and real-world cases.

Here is what we will discuss during the session:-

  1. Commodity Outlook: Global factors and Price Risk Management ​
  2. Hedging Instruments: Overview of instruments across various exchanges and banks. ​
  3. Strategy & Process: Insight into hedging strategies and processes. ​
  4. Correlation of Prices​
  5. Basis Risk Management​
  6. Regulations on Hedging​
  7. Case Studies: Guidelines, documentation, and real-world cases.

Here is what we will cover during the session:-

  1. Outlook on various metals and base metals.
  2. Outlook on Petro commodities.
  3. Hedging commodity exposures – Exchanges and OTC Modalities and processes
  4. Guide to hedging instruments.
  5. Developing and implementing robust hedging strategies.
  6. Correlations and basis risk management.
  7. Understanding the regulatory landscape.
  8. Guidelines and case studies from real-world scenarios.

Here is what we will discuss during the session:-

  1. Outlook on Copper and Aluminium prices
  2. Can Copper/ Aluminium prices run up like it did in 2021?
  3. How banks and funds are influencing prices of Aluminium
  4. Recent Moves and Copper/ Aluminium procurement strategy for next 2-4 weeks
  5. How’s the contango/ backwardation for long tenor and how to take advantage
  6. Hedge strategy for Copper and Aluminium
  7. MCX vs LME arbitrage ? Preferred market for hedging
  8. Copper and Aluminium Options structures – win win strategies
  9. Regulations and Processes in Copper / Aluminium hedging
  10. Set up, cost , margin in Copper/ Aluminium hedging

Here is what we will discuss during the session:-

  1. Regular detailed update on Outlook on Steel prices – weekly/ monthly/ daily
  2. Continuous assessment on Steel price run up and alerts
  3. Global Macro Impact and Speculative activities in Steel
  4. Steel procurement strategy for next 2- 4 weeks
  5. Hows the contango/ backwardation for long tenor and how to take advantage
  6. Hedge strategy for Steel
  7. MCX vs LME arbitrage? Preferred market for hedging
  8. Steel Options structures that make sense
  9. Support in Set up for commodity hedging
  10. Regular Discussion Sessions/ Trainings
  11. Exposure capture and Management features
  12. Forex spot, forward rates, outlook, strategies
  13. Interest rate outlook and cost reduction structures and strategies
  14. 30+ Training with recording each year

Global Markets Modules

Here is what we will cover during the session:-

  1. IndAS – Hedge Accounting basics
  2. Hedge effectiveness testing
  3. Accounting treatment of hedges: Forward contract, Option contract, IRS/CCS.
  4. Revenue/Payable hedge vs cash flow hedge – implications on P/L statement
  5. ISDA Negotiation – key clauses and business implications
  6. ISDA – critical clauses to retain during negotiation

Here is what we will discuss during the session:-

  1. Global Monetary Policy basics and central bank balance sheet impact
  2. Global & Local factors influencing Fx – the Dollar and de-dollarization, carry trades, trade and commodity impact, risk on/off etc
  3. Multi-Asset correlations.
  4. Geopolitical risks to FX, Liquidity and Credit crisis.
  5. Multi-Currency and Multi-Economy – Comprehensive outlook

Here is what we will discuss during the session:-

  1. Understanding Different Types of Risks in Mutual Funds
  2. Evaluating Fund-Specific Risks
  3. Risk-Adjusted Performance Metrics
  4. Diversification as a Risk Management Tool
  5. Importance of Fund Objective and Time Horizon

Equity Modules

Here is what we will cover during the session:-

  1. Overview of Global Macroeconomic Factors
  2. Global Economic Cycles and Their Impact on Indian Equity
  3. Impact of Global Monetary Policies
  4. Commodity Prices and Indian Equity Markets
  5. Foreign Exchange Movements and Indian Equities
  6. Geopolitical Risks and Their Effects on Indian Markets
  7. Impact of the US Market on Indian Equities
  8. Overall Risk on/risk off mode of global market

Here is what we will discuss during the session:-

  1. Introduction
  2. Design and Mechanism of Capital Protection
  3. Risk-Return Profile of Capital Protected Investments
  4. Market Conditions and Suitability
  5. Performance Scenarios

Here is what we will discuss during the session:-

  1. Option basics
  2. Fundamentals of Option Pricing
  3. Option Pricing Models and Greeks
  4. Option Trading Strategies
  5. Risk Management in Option Trading

Here is what we will discuss during the session:-

  1. Start with Simple Strategies and analysis
  2. Understand the Greeks
  3. Risk management with Size and Stop Losses
  4. Option Trading Strategies
  5. Avoid Holding Naked Sold Options
  6. Don’t Ignore Expiry Dates and Time Decay

Here is what we will discuss during the session:-

  1. Understanding Key Components of Option Structures
  2. Popular Structures
  3. Pricing and Valuation of Structured Options
  4. Scenario Generation and understanding

Here is what we will discuss during the session:-

  1. Understanding Long-Term Equity Options
  2. Advantages and strategic use of Long-Term Options
  3. Risk Management in Long-Term Option Positions
  4. Scenario Generation and understanding

Bonds Modules

Here is what we will discuss during the session:-

  1. Introduction to Bonds and Fixed Income Instruments
  2. Understanding Bond Pricing and Yield
  3. Risk Factors in Bond Investment
  4. Bond Investment Strategies
  5. Portfolio Diversification

Here is what we will discuss during the session:-

  1. Fundamentals of Bond Pricing
  2. Yield to Maturity (YTM) and Its Role in Pricing
  3. Concepts of Duration and Convexity
  4. Pricing Different Types of Bonds such as zero-coupon bonds, callable bonds, and convertible bonds etc

Here is what we will discuss during the session:-

  1. Calculating Bond Duration
  2. Understanding Modified Duration and Interest Rate Risk
  3. Relationship Between Duration and Bond Valuation
  4. Duration-Based Investment Strategies
  5. Convexity and Its Role in Bond Valuation

Here is what we will discuss during the session:-

  1. Introduction to G-Secs and Corporate Bonds
  2. Risk and Return Profile
  3. Liquidity and Market Access
  4. Interest Rate Sensitivity
  5. Investment Strategies and Suitability

Frequently Asked Questions

We offer comprehensive training in Hedging, Risk Management, Bonds, and Equities, providing both Public Programs and Custom In-House Programs. Our public programs are refreshed and redesigned every 12 months to ensure they remain current and relevant. Each program is meticulously crafted to deliver both conceptual understanding and practical application. For 2024-25, we have scheduled 45 public programs across various modules, including FX, Commodities, and Interest Rates. Additionally, our In-House Custom Programs are tailored to meet the specific needs of each client. We collaborate closely with clients to develop training modules based on their unique requirements, ensuring that each course offers practical, hands-on experience for mastering complex concepts.

Our training offerings cover a wide range of topics in the Financial Markets, including Forex, Commodities, Interest Rates Hedging, and Risk Management, suitable for both beginners and advanced professionals. We offer two formats: open-public programs and tailored in-house training.

For our open-public programs, we have 45 modules in our annual series, “The Comprehensive Treasury Training 2024 Series.” Each module is designed to be highly relevant for professionals in Global Financial Markets, ensuring that you’ll find valuable insights applicable to your role or organization.

If you’re looking for something more customized, we also offer tailored in-house training programs, specifically designed to meet the unique needs of your organization

Even for small groups, you will find our programs beneficial and cost effective for your organization. Our Comprehensive Training Series 2024-25 has 45 modules covering the entire gamut of Treasury
For our public program, you can either take the subscription of Hedgenius or alternatively register only for the entire Training series. For the custom In-house training program, just email to us. You can write to us at [email protected] or WhatsApp / Call us @+91 9674933723
The cost of the training program for your organization will depend on the selection of the modules.
QuantArt has trained a large and diverse set of participants from Banks, Funds, Financial Institutions, Large, Medium and Small-sized Corporates and various Consulting corporates in this area. As we do many custom programs we are able to address the needs of all our participants.
If you are working in the area of global financial markets, or need to understand aspects of it-our programs are for you. At QuantArt, our faculty members possess an experience of over 20+ years in the field of the financial market. They have worked in leadership positions in various banks and have also been advising corporates for the last 12 years. This extensive expertise allows us to offer best in class pedagogy and practical insights in whatever trainings we do. We expect that your skills would be superbly enhanced while attending the training.

Our trainers are ex international bankers who have worked in leadership positions. They have also advised corporates, funds, etc. over the period of 12 year. They understand the Global Financial Markets well. To know more about them you can view https://lightpink-wombat-703347.hostingersite.com/about-us/

Our public program-Comprehensive Training Series 2024-25 is fully online. For custom programs, we are flexible and frequently use a combination of both the modes of training. Depending on the clients requirement, we work out the mode. Few of our clients prefer to do a blend of both online and in-person training spread over a period.

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