This training seminar focuses on understanding the contemporary functional roles of global banking and financial intermediation and the short-term money markets, foreign exchange markets, and swap markets.  It will examine a wide range of modern-day case examples regarding money transfers and the various products-services that support banking intermediaries.  This seminar will also review the full range of global banking and money markets, including: country and regional monetary policies, overnight deposits, SWIFT wire transfers, M1-M2-M3 L and “prime” [LIBOR] lending-rate benchmarks.  The focus will be on terminology, models, risk positions, hedging, and the role of monetary on lending, borrowing, and short-term marketable securities worldwide.

• Review any company’s short-term money-market positions on assets and liabilities
• Analyze the risk exposure of FOREX transactions in both cash and futures positions
• Differentiate M1 M2 M3 and L balances in central bank monetary policy structures
• Explain the process of balancing daily cash flow transactions through financial intermediaries
• Develop a rubric to analyze any company’s short-term “returns on money”
• Evaluate the pros and cons of using put and call options on FOREX futures to manage risk
• Explain the key differences between currency swaps and FOREX cash and futures markets
• Determine a workable interest-rate swap strategy for a firm’s short-term liabilities
• Analyze all types of short-term money market securities vs. cash balances and credit terms

• Anyone looking to expand their working knowledge about how global monetary policies impact cash flow cycles for both foreign receivables coming in and payables going out
• Anyone looking to improve the financial positioning of corporate/organizational short-term funds management for both global lines of credit and liquid marketable securities
• Senior Operational Executives who want to incorporate cash flow risk mitigation into the business model for all facets of the company’s global operations
• Board Members who want to enhance their fiduciary capacity to manage and mitigate FOREX risk exposure in global partnerships, markets, and transactions
• Business Development executives who want broader valuation impacts for potential commercial opportunities in foreign industries and markets.

The Contemporary Landscape of Global Banking

• Central Banks and Variations on Monetary Policies
• SWIFT and Related Electronic Funds Transfers
• Commercial Banking vs. Private Banking Clienteles and Funds Management Policies
• The Intentions and Impacts of Quantitative Easing [QE] on Borrowing and Lending Policies
• Foreign Trade Balances of Payments among Countries and Banking Intermediaries
• The Impact of LIBOR, U.S. Prime, and other Short-term Benchmark Interest Rates
• The Effects of Removing the “Gold Standard” in Backing Currency Valuations
• The Role and Risks Associated with “Offshore Banking” and Non-regulated Transactions

Global Money Markets

• Understanding M1 M2 M3 and L
• Bankers’ Acceptances [BAs] and Foreign Trade Credit Letters
• Repurchase Agreements [Repos] and Commercial Paper
• T-Bills and Deriving the Yield Curve: Implications for Global Interest Rates
• Certificates of Deposit and other Short-term Bank Instruments
• Fixed and Variable Bank Lines of Credit
• Global “Money Centers” for Short-term Financial Intermediation
• Cash-Flow Management Strategies

Foreign Exchange (FOREX) and Global Currency Valuation

• Purchasing Power Parity and FOREX Conversion Pricing
• Hedging Currency Risk Exposure with Long and Short Currency Futures Contracts
• The Use of Put and Call Options on Foreign Currency Risk Exposure Mitigation
• The Pound Sterling and Bank of England vs. Euros and European Central Bank Policies
• Country GDP, Interest Rates, and Relative Currency Fluctuations
• Pegged Currencies vs. Free-Market Supply and Demand Currencies
• The Role of Speculators, Hedgers, and Ultimate Long Positions in FOREX Markets
• New “financially engineered” Products and Contractual Cash Flow Structures.

The Global Swap Markets

• History and Development of the Swap Market for Foreign Currency
• History and Development of the Swap Market for Interest Rate Exchanges
• Portfolio Approaches to Foreign Currency Management
• Fixed-for-Fixed, Fixed-for-Floating, and Floating-for-Floating Interest Rate Swaps
• Nominal Principal and Settlement Valuations
• Bid-Ask Pricing Spreads and Market Efficiency in the Swap Markets
• Minimizing Transaction Costs on Global Financial Intermediation

New Banking Frontiers, Functions, and Cryptocurrencies

• The Design, Development, and Launch of Bitcoin
• Two-dozen Cryptocurrencies Follow the Bitcoin Lead
• Direct “peer-to-peer” Financial Transactions
• Dramatic Changes Coming in Global Banking Fees for Financial Intermediation
• Geographic Trade Blocs, Trade Pacts, and New Paradigms in “Cash Flow Management”
• Privacy Laws, Financial Disclosure, Collusion, Cartels, and Currency Innovations