Aims & Learning Objectives:
The aims of this unit are to provide participants with an understanding of the financial and business risks that arise when a company or organisation starts to trade overseas either through import/export or with a physical presence.
The learning objectives are for students to:
i) Have a systematic understanding of how the international financial markets work, the interrelationships and the language involved.
ii) Gain the skills to identify risks in a company, including:interpreting results from a risk management system, using a risk management system to formulate their objectives with respect to risks, applying methods to manage individual risks, understanding the concept of enterprise wide risk management and corporate governance.
iii) Understand the principles of risk management.
Content:
The course will look at:
i) Foreign Exchange Risk Management, how it arises and how it may be managed, the instruments involved and how to evaluate between them.
ii) Interest Rate Risk Management, how it arises and how it may be managed and the instruments involved and how to evaluate between them.
iii) International Cash Management, the objectives and techniques.
iv) International Investment Appraisal.
v) Strategic implications of the risks involved.
vi) Evaluate the impact of environmental and operational risks. To aid the above the course will cover -defining risk-measuring risk and its impact. vii) Using Value at Risk (VaR) to actively manage risks.
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