Brickwork Finance Academy offers Foreign Exchange Risk Management session at its campus in Kalena Agrahara, Bannerghatta Road, Bangalore on November 17, 2012.
“Without protections, volatile currency rate movements can turn a profitable deal into a dead loss” ... John Price
Large number of Indian companies lost money while dealing with exotic derivatives that have known in and knock out features. A few companies based in Tirupur, the textile capital of India, almost lost their hard earned net-worth over decades. The companies alleged misspelling and sought relief from the courts. Axis Bank vs. Rajashree Sugars is a case study that brings out how these transactions were structured.
Managing currency fluctuations is critical for organizations operating in a global economic environment. The role of a Treasurer is no longer one of the functions carried out by the accounting team of a firm, but a function that requires expertise and top management involvement and monitoring. Financial markets are continuously evolving, and new products, new mechanisms of operating introduced often. It is important that a finance manager keeps up to date with all the developments in the international financial markets and uses new and innovative products to effectively manage the firms’ foreign exchange exposure.
As a part of its series on Corporate Risk Management, Brickwork Finance Academy will be conducting a session on Foreign Exchange Risk Management to specifically look at important aspects of the foreign exchange risk management process and the various instruments available for hedging such exposures.
The session is a part of promoting financial literacy and discussions amongst interested professionals and will be conducted by renowned Financial Expert and Author Prof. Shankar Jaganathan.
About Prof Shankar Jagannathan:
Prof Shankar Jaganathan is an independent, non-executive director on the Board of several Indian Companies and NGOs. He worked with Wipro Limited for 18 years as Corporate Treasurer and was instrumental in getting WIPRO Ltd. listed on the NYSE. He also headed the Technology Initiatives’ Programme and Academic and Pedagogy function in the Azim Premji Foundation, a not-for-profit organisation that looks at elementary education in the country.
A Chartered Accountant and Law Graduate with varied experience in Corporate, Academic and Social sectors, he has also authored a book titled, Corporate Disclosures 1553-2007: Origin of Financial and Business Reports published by Rutledge in August 2008.
About Brickwork Finance Academy:
Brickwork Finance Academy (BFA), a non-profit organization, offers nine-month, weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright students wishing to add finance certification on their resume.
The program is intended for candidates aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. The program also prepares candidates for jobs in the Indian commercial banks, investment banks, mutual funds, insurance companies and more.
The certificate course offered by BFA covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International Financial Markets. The faculty for the program is highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector.
For more information please visit www.bfa-india.org
For participation, you are requested to mail a small brief about yourself along with your contact details to firstname.lastname@example.org or please call Raghavendra @ +91 80 4040 9950 / +91 97434 37999 or Arti @ +91 97434 37888.
Attendance to the session is strictly by invitation only.