|
Services >> Forensic Accounting | Loss Prevention | Fraud Investigation | Training | Consultancy |
|||||
|
CFE-In-Practice
Integrity. Intelligence. Independence. |
|
|
|
|
|
|
|
|
|
|||
|
professional coaching - capital market & derivatives |
|||||
|
DERIVATIVES & SPECULATION
|
Sign Up NOW!
Enjoy immediate savings: 2nd participant* pays 75%, subsequent participant* pays 50% only.
Register on-line: registration@cfe-in-practice.com *terms & conditions apply. Closing Date: 24 November 2008
Monetary Authority of Singapore, Deloitte Touche Tohmatsu, Auditor General Office, Attorney General Office, ... more
"My expectations of the seminar were exceeded." Monetary Authority of Singapore ... more
Check out on our other programs.
Derivatives for Decision Makers
Investment Banking and Structured Finance 1
Investment Banking and Structured Finance 2
Understanding and Marketing Financial Derivatives
Understanding Financial Futures and Swaps
Foreign Exchange & Treasury Management
|
||||
|
VENUE: THE TRADERS HOTEL - SINGAPORE
DECEMBER 15, 2008 |
|||||
|
Introduction: (How strange to think that it can only happen to others!) Derivatives are financial instruments that have no intrinsic value, but derive their value from something else. They hedge the risk of owning things that are subject to unexpected price fluctuations, e.g. foreign currencies, bushels of wheat, stocks and government bonds. There are two main types: futures, or contracts for future delivery at a specified price, and options that give one party the opportunity to buy from or sell to the other side at a prearranged price.
The job of a derivatives trader is like that of a bookie once removed, taking bets on people making bets.
CFE-In-Practice gives you the following facts to consider.
Financial
Derivatives Went Wrong Timeline
1994 Metallgesellshaft loses $1.5 billion on oil futures.
1995 Barings Bank goes bust. Nick Leeson loses $1.4 billion by gambling that the Nikkei 225 Index of leading Japanese company shares would not move materially from its normal trading range. That assumption was shattered by the Kobe earthquake on the 17th January 1995 whereafter Leeson attempted to conceal his losses.
1997 Nobel Prize in Economics awarded to Robert Merton and Myron Scholes.
1998 Long Term Credit Management Bailout The hedge fund is rescued at a cost of $3.5 billion because of worries that its collapse would have severe repercussions for the world financial system.
1999 The Flaming Ferraris Some traders at CSFB are sacked following allegations of illegal trades in an attempt to manipulate the Swedish stock market Index.
21st Century 2001 Enron goes Bankrupt The 7th largest company in the US and the world's largest energy trader made extensive use of energy and credit derivatives but becomes the biggest firm to go bankrupt in American history after systematically attempting to conceal huge losses.
2002 AIB loses $750 million John Rusnak uses fictitious options contracts to cover losses on spot and forward foreign exchange contracts.
COACHING OUTLINE Once and for all, you learn what is:
1. Futures Market
2. Forward Rate Agreements
3. Swaps
4. Interest Rate Swaps
5. Currency Swaps
6. Fundamentals of Options
Methodology This
coaching by a Certified Fraud Examiner consists of a lively series of
short participative lectures conveyed using plain uncomplicated
explanations. Learning will be facilitated through discussion and
case studies. Ample coaching materials will be given to participants
so that these will be a constant source of reference to them. Ample
time will be allotted for the transfer of ideas. For
whom Risk
Managers, Compliance Officers, Operations Managers, Treasury Managers, Training Managers
Relations Managers, HR Managers, Internal Control Officers and
all Bank Internal Auditors.
Principal
Coach Tommy Seah, CFE MIIA CMC ACIB etc. Click here for Tommy Seah's Profile and business.
Register by email Register on-line today. Our email address is: registration@cfe-in-practice.com
Important Notice Payments
are required with registration and must be received prior to the Coaching
Session to guarantee your place. Walk-in delegates will only be admitted
on the basis of space availability at the Coaching Session and with
immediate full payment.
Cancellations & Transfers If you are unable to attend, a substitute delegate is welcome at no extra charge. Please provide the name and the title of the substitute delegate at least 2 days prior to the Coaching Session. A refund less 10% administrative charge will be made cancellation received in writing 10 working days before the program date. A complete set of program documentation and a 50% refund will be given for cancellation made 3 working days before program date. Regrettably, no refund can be made for cancellation made on and or after program. A complete set of documentation will however be sent to you. The
organizer reserves the right to make any amendments and/or changes to the
programme, venue, speaker replacements and/or topics if warranted by
circumstances beyond its control. |
|||||
|
Copyright © 2004 CFE-In-Practice All rights reserved. [Disclaimer]
|
|||||