International Finance Masterclass - Transacting in an Integrated World

10th- 11th September 2018 Mumbai - 14th- 15th September 2018 New Delhi

Course Description

Course Description, Benefits for International Finance Masterclass - Transacting in an Integrated World 

Overview:

As corporate globalization continues to become ever more prevalent, as companies operate across an increasing number of geographical locations, the necessity for international financial transactions and their management grows. International finance is the driving force behind the rise of the multi-national organization, it is key to the provision of economic development; creating wealth and cross-cultural harmonization. Today, in an increasingly integrated world, the volume and frequency of international financial transactions are truly astounding. This course has been specifically developed to provide the delegate with an increased level of knowledge and understanding about some of the core, central issues of international finance and their interactions with international business. Emphasis is on open dialogue; engagement and group/team exercises.

Learning outcomes upon completion of this course, delegates will:
  • Understand some key concepts of international finance
  • Know how to assess political risk
  • Grasp the strategic importance of international finance and understand how organizations formulate their activities and goals
  • Become familiar with the concept of international working capital management
  • Be able to assess the implications of different aspects of exchange rates
  • Recognize the role played by international banks via instruments such as Letters of Credit and provision of syndicated loans
  • Learn the key differences between currency futures and options contracts
  • Have awareness of currency swaps
  • Understand what is meant by interest rate parity and what this means for international financial transactions
  • Become familiar with the mechanics and reasoning behind merger and acquisition transactions as a core nexus between international finance and international business
  • Know what is meant by transfer pricing and its role in international finance

Who should attend:

  • Individuals engaged in international business
  • Individuals engaged in international finance
  • Finance personnel looking to gain a wider (international) financial perspective
  • Strategic personnel -decision makers
  • Individuals involved in M&A transactions
  • Financial planners

For Registrations: info@marcepinc.com - www.marcepinc.com - Tel: +91-22-62210100 - Cell: +91-7506478464

Training Agenda

2-Day Training Agenda for International Finance Masterclass - Transacting in an Integrated World 

Day-One
 
An overview of International Finance:
  • Understanding organizational capital structures
  • Leverage explained
  • The Weighted Average Cost of Capital explained
  • Offshore financial centers – what are they? How do they work?
  • Foreign exchange risk management
Political Risk
  • Political stability
  • Inflation and PDI
  • Local content regulations
  • Environmental and social investment policies
  • Any currency transference limit
  • ‘Penalisation' policies (i.e. higher taxation; higher wage costs; higher operational costs (i.e. utilities; rental, etc.)
  • Risk of nationalization/expropriation
Corporate Strategy and Foreign Direct Investment
  • The 3 main 'Schools' of strategy
  • Why enter into FDI? Some key possible reasons/drivers
  • Foreign expansion strategies for integration (horizontal/vertical)
  • Exploring economies of scale and scope
  • Targeting the appropriate foreign market/investment
  • Shaping the 'mode of entry’
  • Generating a sustainable competitive advantage
  • The question of 'core competencies' and the nature of change
International Working Capital Management
  • Why is WC important?
  • The 'tradeoff' between liquidity and profitability
  • Some key ratios- current ratio; 'acid test' (quick) ratio; sales to working capital; inventory ratio
  • Short term financing – bank overdraft facilities; invoice discounting; customer advance payments; installment payments; stricter credit control; inventory control; debt management;
  • Longterm financing – equity issues (normal and preferential); bank loans (term); loan stock (fixed interest securities gilts; debentures (corporate bonds; Eurobonds; convertible loan stocks; leases (capital equipment); IPO's (Initial Public Offerings)
Exchange rate
  • The evolution of the international monetary system
  • What is an exchange rate?
  • The components of an exchange rate – the 'base' currency and the 'counter' currency
  • Direct and indirect quotations
  • The cross rate explained
  • The 'spot' rate and the 'forward' rate
  • Fixed and floating exchange rates
International Banking
  • What is an 'International Bank?’
  • International banks and international business
  • ‘Offshore' banks
  • Letters of credit
  • Advantages and disadvantages of international banking
  • The interaction between banks; the bond market and the stock market
  • Syndicated bank loans

Day-Two

Currency Futures and Options
  • Futures' explained
  • Options' explained
  • The key differences between a futures contract and an options contract
  • The key standard features of a 'futures' contract (quantity; quality; price; delivery time and price)
  • The 'margin' explained
  • The question of risk and return
  • Futures; hedging and speculation
Currency Swaps
  • What is a currency swap?
  • What are currency swaps used for?
  • The fixed-for-fixed currency swap transaction
  • Managing foreign exchange risk with swaps
  • Cross-currency swaps
  • Differential swaps
Understanding interest rate parity
  • Interest rate parity defined
  • Interest rate parity – preventing currency arbitrage?
  • Covered' vs 'Uncovered' interest rate parity
  • Purchasing power parity explained
  • The relationship between interest rates and exchange rates
Mergers and Acquisitions (M&A)
  • Overview of M&A's
  • The strategic rationale for M&A transactions
  • Corporate restructuring – consolidation
  • 'Takeovers' – 'friendly' vs. 'hostile'
  • Takeover strategies and takeover defenses
  • Key parties in M&A transactions
  • The 'Acquisition plan’
  • Financing M&A transactions
  • The reason why so many M&A transactions fail – overvaluation; overestimating synergistic 'fit;' resistance to change; cultural disconnect
  • Cultural 'Re-engineering'
Transfer pricing
  • What is transfer pricing?
  • Reasons for using transfer pricing
  • The OECD transfer pricing guidelines (1995; 2010)
  • The 'Arm's Length' principle
  • Transfer pricing and 'forum shopping' for location? Transfer pricing and taxation – the big issue?

Case studies & group discussions

Overseas and International delegate fees 950 USD

For Registrations: info@marcepinc.com - www.marcepinc.com - Tel: +91-22-62210100 - Cell: +91-7506478464

Course Director

Course Director: Christopher L. U.K. - MBA, LLB, DipICArb, FCIArb, AIPN A world-renowned expert in International Finance & International Business Strategy running legal consulting firm within the Project Management domain and have a number of very popular courses that are delivered internationally. He also run a programme in International Petroleum Contracts and another in Negotiation Tactics and Strategies for the energy industries. He also teaches LNG pricing and contracts and EPC contracts. He also runs programmes in International Business and International Finance. These are all PM related and are accredited by the AAPM - The American Academy of Project Management. He is also specialized in Shares & Equities, Joint Venture, Partnership, M&A. etc.
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