Course in International Finance

Here goes the call to all the number crunchers, all those wall street wannabes. When you talk finance, to put it simply, IIM Calcutta just cannot be excelled. The different courses take you through the ins and outs of audits and accounts. We make you value your assets, help you minimize the costs and plan the fund flow. At the end of the journey a company balance sheet would be worth a thousand words. An enabled corporate citizen you shall evaluate stocks, play around with the ratios and thus select your own cocktail of equity and debt instruments. As an empowered manager you shall acquire the power to turn-around any company.

Criteria for Restriction on Course Registration: Registration only on Credit Basis

Course Outline: (Tentative)

1. Introduction - Need for Foreign Currency Finance and broad sources for International Financing

2. International Financial Markets - Domestic (Home+Foreign), Eurocurrency and Foreign Exchange Markets - Linkages, risks, costs and efficiencies, interactions, conditions, Eurobanking, International Transfer of Funds mechanisms.

3. Foreign Exchange Markets - Participants, Value Dates, Quotation Systems, Comparing Quotations and their Quality and Information content, Cross, Spot, Forward and Swap Rates, Inter-relationships between Foreign Exchange and Money Markets, Interest Parity and Covered Interest Arbitrage, Swap Transactions and positions, etc.

4. Problems and Opportunities in Treasury Management in banking, commercial and industrial businesses in both equilibrium and dis-equilibrium situations, viz. - Expected changes in Interest Rates, Rolling over and getting out of an Exchange Position, Creating Forward Markets, Value of Floats - effective yields and costs, Cost of Foreign Currency Deposits, Central Bank Intervention in Foreign Exchange Markets and objectives, modus operandi, etc., Management of opposing cash flows, Borrowing and Investing Funds with and without Exchange Positions, etc.

5. Analysis in depth of the various Instruments and Markets for raising Funds in the International Financial Markets and Strategies for shopping for Finance in the International Capital and Money Markets including Parameters for Choosing a Funding Option and their Evaluation.

6. Foreign Currency Exposure and Risk - Concepts, Management Policies and Strategies, Classification, Hedging Instruments for implementing both active Internal and External Strategies, etc.