Shillong: The IIM Shillong has initiated
a programme `Pricing, Hedging and Applying Exotics and
Structured Products` on foreign exchange options, in Mumbai.
The three day programme 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
"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.