Updated on: Wednesday, October 13, 2010
The IIM Shillong has initiated a programme 'Pricing, Hedging and Applying Exotics and Structured Products' on foreign exchange options, in Mumbai.
The three day programe was inaugurated yesterday in the presence of the institute's Director A K Dutta and David Sinate of the EXIM Bank, India.
The objective of this workshop is to develop an understanding of the currency derivatives used in international treasury management, an official statement today said.
"This will give participants the mathematical and practical background, necessary to deal with all the products on the market, given the current trend where foreign exchange options are becoming increasingly commonplace in capital markets," remarked Dutta.
Participants of this programme include dealers, traders, market makers, risk managers, academicians, financial engineers, quantitative analysts, researchers and others who deal with foreign exchange.
The programme will witness full strength participation from the Reserve Bank of India, Central Bank of India, EXIM Bank, Andhra Bank, United Bank of India, BNP Paribas, Coal India, Power Grid, IFMR and others.
The three-day programme is led by Professor Uwe Wystup, known as an extremely experienced practitioner in the field of foreign exchange options.