TAILIEUCHUNG - Lecture Multinational financial management - Topic 9: Currency forwards and futures

In this chapter, Students understand and can recall the costs and benefits of hedging, payoffs and profits of currency forwards and futures, difference between a forward and futures, how to speculate with forwards and futures contracts, how financial managers use forwards and futures to hedge fx risk, how futures are traded and margin calculated. | Topic #9: Currency forwards and futures L. Gattis The Pennsylvania State University 1 Finance 407: Multinational Financial Management Review Poll 2 What are the CIA profits from borrowing $100,000 and investing in AUS sovereign bonds? A. $513 B. $272 C. -$471 $187 Currency 6-month Sovereign Yields(ann) 6-month LIBOR Yields (ann) Spot (direct quote) 6-month Forward USD AUS $ - 45 $ – 33 Learning Objectives 3 Students understand and can recall The costs and benefits of hedging Payoffs and profits of currency forwards and futures difference between a forward and futures How to speculate with forwards and futures contracts How financial managers use forwards and futures to hedge fx risk How futures are traded and margin calculated Currency Speculating: Trading Spots 4 Suppose you have inside information that the European Central Bank (ECB) will make a surprise announcement next week that they will raise short term interest rates– raising real interest

• Tài chính doanh nghiệp
• Financial management
• Multinational financial management
• Quản lý tài chính
• Quản lý tài chính đa quốc gia
• Multinational finance
• Currency forwards
• Financial statement
• International trade transactions
• Fundamentals of financial management
• Financial statement analysis
• International financial management
• Exchange rates
• Financial environments
• Overview of Financial Management and the Financial Environment
• The financial environment
• Forms of business organization
• Determinants of stock pricing
• Financial instruments
• Practical financial management
• Financial background
• Financial statements
• Financial planning
• Financial system
• Financial ratio
• IT financial management
• Setting the scene
• IT financial management maturity
• Parameters influencing IT financial management
• Costs of IT financial management
• More quantifiable benefits
• Overview of roles
• Hospitality financial management
• Hospitality industry management
• Analysis of financial reports
• Analyzing financial statements
• Management decision making
• Foundations of financial management
• Review of accounting
• Financial analysis
• Financial forecasting
• The financing decision
• Financial leverage
• Current asset management
• Paper F7
• Revision kit 2016
• Management Financial
• Financial Management Exam Review
• Review of Financial Management
• Study text 2016
• Lecture Multinational financial management
• International financial reporting standards
• Foreign exchange risk management
• Financing decisions
• Investment decisions
• Role of management
• International cash management
• Cash flow analysis
• Centralized cash management
• Intermediate financial management
• Financial options
• Corporate valuation
• Corporate governance
• Financial markets
• Cash flow
• Analysis of financial statements
• Ratio analysis
• Interest rates
• Financial institutions
• Forecasting sales
• Business environment
• Limited liability company
• Common size analysis
• Statement analysis
• Break even analysis
• Break even point