Programme Number 134 - International Finance and Financial Services Programme, Leading to Postgraduate Diploma in International Finance and Financial Services. Contents include International Financial Markets, International Finance, Unique Dimensions of International Finance, Benefits of Studying International Finance, Growing Importance of International Finance, Market for Foreign Exchange, Exchange Rates, Foreign Banknote Market, Direct vs. Indirect Exchange, Forward Foreign Exchange, Forward Exchange Premiums, Forward Rates vs. Expected Future Spot Rates, Outright Forward Exchange and Swaps, Flexibility of Forward Exchange, Forward Quotations, Currency Futures, Options Markets,

 

Currency Options, Futures, and Options Compared, International Parity, Purchasing-Power Parity Principle PPP, Law of One Price, Purchasing-Power Parity Principle PPP, Relative (Dynamic) Form of Purchasing-Power Parity Principle (PPP), Efficient Markets (Speculative) Form of Purchasing-Power Parity Principle (PPP), Departures from Purchasing-Power Parity Principle (PPP), Investment and Borrowing Criteria, Covered Interest Parity Condition, Combining PPP and Interest Parity, Covered Interest Differences, Determination of Exchange Rates, Balance of Payments, Currency Supply and Demand, Balance-Of-Payments Accounting, Balance-Of-Payments Entries, Balance-of-Payments Accounting Identity, Net International Investment Position, Objectives of Economic Policy, Supply-And-Demand View of Exchange Rates, Stability of Exchange Rates, Short-Run Versus Long-Run Trade Elasticities, Asset-Based Theories of Exchange Rates, Stock vs. Flow Theories of Exchange Rates, Monetary Theory of Exchange Rates, Asset Approach to Exchange Rates, Portfolio-Balance Approach to Exchange Rates, Theories of Exchange-Rate Volatility.

Programme Number 134 - International Finance and Financial Services Intensive Full-Time {3 Months (5 Days -30 Hours) per Week} Programme, Leading to Postgraduate Diploma in International Finance and Financial Services. Click to download the PDF Brochure for this Postgraduate Diploma Programme

Programme Co-ordinator:        

For Whom This Programme is Designed

This Programme is Designed For:

•  Accountants;

• Financial Executives;

• Executive Directors;

• Deputy Directors;

• Senior Managers;

• Fund Managers;

• Bankers;

• Corporate Treasurers;

• Financial and Budget Controllers;

• Financial Journalists;

• Financial Analysts;

• Auditors;

• Professionals in Department of Finance.

Duration:

Intensive Full-Time {3 Months (5 Days or 30 credit Hours Per Week)} or

 

Cost:  £45,000.00 Per Student                      

 

The programme cost does not include living accommodation. However, students and delegates are treated to the following:

•  Free Continuous snacks throughout the Event Days;  

•  Free Hot Lunch on Event Days;                           

•  Free City Tour;             

•  Free Stationery;                               

•  Free On-site Internet Access;

• HRODC Postgraduate Training Institute’s   Diploma – Postgraduate; or

• Certificate of Attendance and Participation – if unsuccessful on resit.

HRODC Postgraduate Training Institute’s Complimentary Products include:

• HRODC Postgraduate Training Institute’s Leather Conference Folder;

• HRODC Postgraduate Training Institute’s Leather Conference Ring Binder/ Writing Pad;

• HRODC Postgraduate Training Institute’s Key Ring/ Chain;

• HRODC Postgraduate Training Institute’s Leather Conference (Computer – Phone) Bag – Black or Brown;

• HRODC Postgraduate Training Institute’s 8GB USB Flash Memory Drive, with Course/ Programme Material;

• HRODC Postgraduate Training Institute’s Metal Pen;

• HRODC Postgraduate Training Institute’s Polo Shirt.

Programme Number 134 - International Finance and Financial Services Intensive Full-Time {3 Months (5 Days -30 Hours) per Week} Programme, Leading to Postgraduate Diploma in International Finance and Financial Services. Click to download the PDF Brochure for this Postgraduate Diploma Programme

Module 1

Advanced International Finance and Financial Market (Quad Credit)

International Financial Markets and Environment

M1. Part 1: International Financial Markets and Environment

• The World of International Finance:

• Unique Dimensions of International Finance;

• The Benefits of Studying International Finance;

• The Growing Importance of International Finance.

M1. Part 2: The Market for Foreign Exchange

• An Introduction to Exchange Rates:

• The Foreign Banknote Market;

• Direct vs. Indirect Exchange and Cross Exchange Rates.

• Forward Exchange:

• What Is Forward Foreign Exchange?;

• Forward Exchange Premiums and Discounts;

• Forward Rates vs. Expected Future Spot Rates;

• Payoff Profiles on Forward Exchange;

• Outright Forward Exchange and Swaps;

• The Flexibility of Forward Exchange;

• Forward Quotations.

• Currency Futures and Options Markets:

• Currency Futures;

• Currency Options;

• Forwards, Futures, and Options Compared.

M1. Part 3: The Fundamental International Parity Conditions

• The Purchasing-Power Parity Principle (PPP):

• The Law of One Price;

• Absolute (Static) Form of the Purchasing-Power Parity Principle (PPP) Condition;

• The Relative (Dynamic) Form of Purchasing-Power Parity Principle (PPP);

• Efficient Markets (Speculative) Form of Purchasing-Power Parity Principle (PPP);

• The Empirical Evidence on Purchasing-Power Parity Principle (PPP);

• Departures from Purchasing-Power Parity Principle (PPP);

• Statistical Problems of Evaluating Purchasing-Power Parity Principle (PPP);

• Importance of Purchasing-Power Parity Principle (PPP).

• Interest Parity:

• The Investment and Borrowing Criteria;

• The Covered Interest Parity Condition;

• Combining PPP and Interest Parity;

• Why Covered Interest Differences Persist.

M1. Part 4: The Determination of Exchange Rates

• The Balance of Payments:

• Influences on Currency Supply and Demand;

• Principles Of Balance-Of-Payments Accounting;

• Balance-Of-Payments Entries and the Factors That Influence Them;

• Implications of The Balance-of-Payments Accounting Identity;

• The Net International Investment Position;

• Objectives of Economic Policy.

• Supply-And-Demand View of Exchange Rates:

• Imports, Exports, and Exchange Rates;

• The Factors Affecting Exchange Rates;

• The Stability of Exchange Rates;

• Short-Run Versus Long-Run Trade Elasticities and The J Curve.

• Asset-Based Theories of Exchange Rates:

• Stock vs. Flow Theories of Exchange Rates;

• The Monetary Theory of Exchange Rates;

• The Asset Approach to Exchange Rates;

• The Portfolio-Balance Approach to Exchange Rates;

• Theories of Exchange-Rate Volatility.

M1. Part 5: Fixed (Pegged) and Flexible Exchange Rates

• Alternative Systems of Exchange Rates:

• The Classical Gold Standard System;

• The Bretton Woods and Dollar Standards;

• The European Monetary System (EMS);

• Hybrid Systems of Exchange Rates;

• Target Zones.

• The International Financial System: Past, Present, and Future:

• The Past;

• The Present;

• The Future;

• Fixed vs. Flexible Exchange Rates.

• Macroeconomic Dimensions of International Finance:

• Policy Effectiveness;

• Policy Conflicts.

M1. Part 6: Foreign Exchange Risk and Exposure

• Managing Foreign Exchange Exposure and Risk:

• Understanding Risk and Exposure and Measuring Them;

• The Nature of Exchange-Rate Risk And Exposure;

• Foreign Exchange Exposure, Examples;

• Exposure as a Regression Slope;

• Defining Foreign Exchange Risk;

• Exposure, Risk, and the Parity Relationships.

• Operating Exposure:

• Operations Affected By Exchange Rates;

• The Exporter;

• The Importer;

• Summary Of Effects Of Exchange Rates On Exporters And Importers;

• Effect Of Currency Of Invoicing And Forward Hedging;

• Measuring Exposure: An Alternative Approach.

M1. Part 7: Hedging and Speculation

• Hedging Risk and Exposure:

• Managerial Hedging vs. Shareholder Hedging;

• The Cost of Forward Hedging;

• The Benefit of Forward Hedging;

• Financial Engineering;

• Company Hedging Policy.

• Exchange-Rate Forecasting And Speculation:

• Speculation;

• Market Efficiency;

• Exchange-Rate Forecasting.

M1. Part 8: International Investing and Financing

• Cash Management:

• Cash Management, Objectives;

• Investment and Borrowing Choices with Transaction Costs;

• International Dimensions of Cash Management.

• Portfolio Investment:

• The Benefits of International Portfolio Investment;

• International Capital Asset Pricing;

• Bonds and International Portfolio Diversification;

• Settlements of International Portfolio Investments.

• International Dimensions of Capital Budgeting:

• Selecting Projects;

• Difficulties in Evaluating Foreign Projects;

• Cash Flows;

• Discount Rates: Corporate vs. Shareholder Perspectives;

• The Adjusted Present Value Technique;

• Selecting the Appropriate Discount Rates;

• Actual Practice of Capital Budgeting.

• The Growth of and Concerns About Multinationals:

• The Growth of Multinational Corporations;

• Transfer Pricing;

• Country Risk;

• Problems and Benefits from the Growth of Multinational Corporations;

• Transnational Alliances.

• International Dimensions of Long-Term Financing:

• Equity Financing;

• Bond Financing;

• Bank Financing, Direct Loans, and the Like;

• Government and Development-Bank Lending;

• Other Factors Affecting the Financing of Subsidiaries;

• Financial Structure.

M1. Part 9: Institutional Structure of International Trade and Finance

• Multinational Banking:

• The Eurodollar and Offshore Currency Markets;

• Multinational Banking.

• Instruments and Institutions of International Trade:

• Extra Dimensions of International Trade;

• International Trade Involving Letters of Credit;

• The Financing of International Trade;

• Countertrade;

• The Institutions Regulating International Trade.

Programme Number 134 - International Finance and Financial Services Intensive Full-Time {3 Months (5 Days -30 Hours) per Week} Programme, Leading to Postgraduate Diploma in International Finance and Financial Services. Click to download the PDF Brochure for this Postgraduate Diploma Programme

Module 2

Advanced Financial Services (Double Credit)

Value Propositions

M2. Part 1: The Future of Banking Services

• Designing the Twenty-first-century Financial Institution for Value;

• The Future of Banking: E =mc ³;

• Pervasive Computing;

• Convergence and the Changing Landscape of Financial Services;

• E-Insurance;

• Capital Markets: Global Aspirations, Regional Values And Local Fears;

• Introducing E-marketplaces;

• Web Projects, Infrastructure and Value Propositions;

• Value.

M2. Part 2: Global Viewpoints

• Developing Trust, Brands and Services in African Banking;

• The Asian Advantage;

• Taiwanese Collaborative Product Commerce;

• Lifestyle Banking from Down Under;

• The European Synconomy;

• The Scandinavian Approach To Mbanking;

• Eastern Europe Inc. Even Shakespeare Said ‘What's In A Name?’;

• Developing a Twenty-First-Century Middle Eastern Financial Services Agenda;

• Diaspora Financial Services for Mobile Populations;

• Globalization.

M2. Part 3: The Future of Payment Systems

• An Evolution to the Exchange of Value;

• Anticipatory Technologies and Customer Centricity;

• Globalisation, Social Adoption, International Regulation and Evolution To Bankruptcy;

• Privacy;

• Val agents.

M2. Part 4: E-Marketplaces: The New Frontier for Services

• New Financial Products and Services;

• How to Approach E-market Space;

• The Evolution of E-marketplaces;

• Opportunities for Financial Institutions in E-marketplaces;

• Creating a Value Proposition;

• Developing Centres of Competencies;

• Selecting The Right Partners and Managing Relationships;

• Moving into Action.

Programme Number 134 - International Finance and Financial Services Intensive Full-Time {3 Months (5 Days -30 Hours) per Week} Programme, Leading to Postgraduate Diploma in International Finance and Financial Services. Click to download the PDF Brochure for this Postgraduate Diploma Programme

Module 3

Management in the Financial Services Industry (Double Credit)

• The Changing Nature of The Financial Services Industry;

• Managing the Strategy Process in Financial Services Organization;

• The Internal Environment;

• Managing Change in Financial Services Organizations;

• Managing Customer Relations;

• The History of Management;

• Elements of Management;

• Control in Organizations;

• Self-Management;

• Managing Groups;

• Communication;

• Human Resource Management;

• Human Resource Plans and Their Implementation;

• Training, Development and Appraisal;

• Motivating Employees;

• Employment Legislations and Policies.

Programme Number 134 - International Finance and Financial Services Intensive Full-Time {3 Months (5 Days -30 Hours) per Week} Programme, Leading to Postgraduate Diploma in International Finance and Financial Services. Click to download the PDF Brochure for this Postgraduate Diploma Programme

Module 4

Financial Services Marketing in Practice (Double Credit)

M4. Part 1: The Financial Services Environment

• The Socio-Economic Environment;

• The Regulatory Environment;

• The Technological Environment;

• Evolution of The Financial Services Sector;

• Strategic Responses to The Challenges of The Financial Services Environment.

M4. Part 2: The Financial Services Consumer

• Social and Economic Factors Affecting the Demand for Financial Services;

• Financial Services Characteristics and Their Implications for Buyer Behaviour;

• Financial Needs and Motives for Buyer Behaviour.

M4. Part 3: Identifying and Targeting Financial Prospects

• Benefits of Market Segmentation;

• Bases for Segmenting Financial Services Consumers;

• Requirements for Effective Market Segmentation;

• Segmentation Strategies;

• Approaches to Segmentation;

• Do Segments Exist or Are They Created?;

• Segmentation vs. Fragmentation;

• Direct Marketing of Financial Services;

• Database Marketing.

M4. Part 4: Development and Management of Financial Products

• The Product Concept;

• Factors Affecting Product Strategy;

• Development of New Financial Services;

• Management of Existing Products;

• Product Elimination.

M4. Part 5: Traditional Channels of Distribution

• Types of Distribution Channels;

• Branch Networks;

• Direct Sales Force;

• Independent Financial Advisers (IFAs).

M4. Part 6: Technology-Driven Delivery Channels

• The Impact of Technology on the Delivery of Financial Services;

• Automatic Teller Machines (ATM);

• EFTPOS;

• Telebanking;

• Smart Cards;

• On-Line Banking;

• Interactive TV;

• Security and Fraud;

• IT and Customer Service.

M4. Part 7: Customer Retention and Loyalty

• Difference Between Corporate and Personal Markets;

• Corporate Financial Service Providers;

• Types of Corporate Customers;

• Corporate Financial Services Needs;

• Buying Behaviour;

• Segmentation;

• Corporate Banking Relationships;

• Small Businesses.

M4. Part 8: Projects

• Project 1 – Investor Education;

• Project 2 – The Mortgage Purchase Process;

• Project 3 – Flexible Mortgage Segmentation;

• Project 4 – Changing Distribution Channels in the Life Assurance Market;

• Project 5 – Holes in the Bucket;

• Project 6 – Self-Service Banking;

• Project  7 – Product Bundling and Loyalty Building;

• Project 8 – The Design and Launch of a Bank’s Student Package;

• Project  9 – Long Term Retention of Graduating Students;

• Project 10 – Small Business-Bank Relationships.

Programme Number 134 - International Finance and Financial Services Intensive Full-Time {3 Months (5 Days -30 Hours) per Week} Programme, Leading to Postgraduate Diploma in International Finance and Financial Services. Click to download the PDF Brochure for this Postgraduate Diploma Programme

Module 5

Financial Risk Management (Double Credit)

M5. Part 1: Risk as a Working Hypothesis

• Defining Risk – Generally;

• Financial Risk: A Plausible Definition;

• Financial Risk in an Organisational Setting;

• Financial Risk and ‘Market Dynamics’;

• Liquidity Risk;

• Operating Risk;

• Fraud Risk;

• Settlement Risk;

• Corporate Strategy and Risk Management;

• The Currency Derivatives Market.

M5. Part 2: Financial Risk and Unpredictability: Uncontrollable Environmental Issues

• Asset Behaviour and Pricing Implications;

• Credit and Counterparty Risk;

• The Legal and Political Risk Environments;

• Risk as an Economic Factor;

• Technological Risk Factor;

• Risk associated with Socio-Cultural Change.

M5. Part 3: Financial Risk Settings: A Meta-Analytical Exploration

• Risk in Financial Institutions;

• Banking Risk;

• Risk and the Currency Market;

• Risk and the Equity Market;

• Futures Market Risk.

M5. Part 4: Financial Exposure as Risk

• Economic Exposure;

• Transaction Exposure;

• Translation Exposure;

• Calculating Risk in Financial Exposure.

M5. Part 5: Risk Management: A Conceptual and Statistical Meta-Analysis

• Conducting A Risk Assessment;

• Managing Risk with Forward Contracts;

• Financial methods of measuring Risk;

• Quantifying financial risks;

• Some Qualitative Approaches To Financial Risk Assessment;

• Managing The Interest Rate Derivatives Market;

• Managing equity risk;

• Identifying and measuring Currency Risk;

• Managing Financial Exposure Risk;

• Managing currency Risk;

• Sensitivity Analysis As Risk Management;

• Managing Risk with SWAPS;

• Statistical Analysis as a Risk Management Instrument;

• Interpreting Statistical Data;

• Mean and Statistical Mean;

• Probability and Normal Distribution;

• Calculating statistics from actual data;

• Understanding Statistical Significance;

• Making Sense of Chi-squared Distribution;

• Using PESTEL as a Tool towards Risk Management.