Global Banking, Money Markets and Foreign Exchange Training Course

Duration 10 days 20 modules · 65 contact hours
Level Intermediate Certificate on completion
Who attends Treasury Analysts, Bank Relationship Managers and others
Fee from USD 2,200 KSh 190,000 for Kenyan organisations
Where 52 cities + online See dates by city
Next start 9 Nov 2026 Course code SD-BI-072

Before you join: Participants should understand basic financial statements, simple interest calculations and the purpose of borrowing, lending and foreign-currency transactions.

Dates & prices

Two start dates a month in every city, and live online on weekdays or weekends. Fees are per participant; classroom fees include tuition, materials, lunch and refreshments, and the certificate.

Suggest a date or city

Showing the next six months. Later dates, other cities and private deliveries for your team are available on request.

Course overview

Global banks, corporates and public institutions must fund positions, manage liquidity, quote foreign exchange, control settlement risk and document derivative transactions under tight credit and conduct requirements. Errors in value dates, rate conventions, collateral calls, counterparty limits or confirmations can create immediate cash losses, disputes and regulatory exposure. Professionals need to understand how money markets, foreign exchange and swaps connect to the bank balance sheet and to client funding decisions.

This course explains the structure and mechanics of global banking, wholesale money markets, foreign exchange and interest-rate swaps. Participants calculate money-market returns, price FX forwards, interpret swap cash flows, assess counterparty exposure and apply standard market conventions. They examine deposit markets, repo, commercial paper, certificates of deposit, Treasury bills, interbank benchmarks, spot and forward FX, cross-currency swaps, interest-rate swaps, options and settlement arrangements. Credit, liquidity, market, operational and conduct risks are addressed throughout.

Teaching combines practitioner briefings, worked calculations, market cases, dealing-room simulations, documentation reviews and group analysis. Participants progressively build a treasury and market-risk working file using rate sheets, cash-flow schedules, hedge comparisons, limit structures and settlement controls. They leave with a completed banking, money-market and FX risk-management pack that can be adapted to their institution, business unit or client portfolio.

The course suits professionals working with bank funding, treasury operations, corporate finance, payments, trading support, risk, audit and financial-market clients. It is also suitable for managers who need to challenge pricing, funding, hedging and control decisions made by specialist teams.

What you will be able to do

  • Analyse bank balance-sheet funding, liquidity and maturity-transformation decisions
  • Calculate money-market yields, discount rates and effective borrowing costs
  • Price spot, forward and swap foreign-exchange transactions using market conventions
  • Construct interest-rate and cross-currency swap cash-flow schedules
  • Assess counterparty credit exposure using limits, collateral and netting concepts
  • Apply FX settlement controls, confirmation procedures and payment-risk mitigants
  • Compare hedging alternatives using forwards, swaps, options and money-market hedges
  • Present a treasury funding, FX exposure and derivative-risk management proposal

Benefits of attending

For you

  • Greater confidence interpreting bank treasury and trading desk terminology
  • Ability to calculate and challenge money-market and FX quotations
  • Practical judgement when selecting corporate currency and interest-rate hedges
  • Stronger capability reviewing swap cash flows and derivative confirmations
  • A reusable treasury risk-management pack for workplace application

For your organisation

  • Improved accuracy in funding-cost, FX-forward and swap cash-flow calculations
  • Better control of settlement, confirmation and payment-risk exposures
  • More informed hedging decisions for foreign-currency revenues, costs and debt
  • Clearer escalation of liquidity, counterparty and market-limit breaches
  • More consistent communication between treasury, operations, risk and finance teams

Course modules

20 modules over 10 days

Participants can explain how banks fund assets, create liquidity and manage balance-sheet risks.

  • Bank balance-sheet intermediation, maturity transformation and liquidity creation mechanics
  • Wholesale, retail and central-bank funding sources compared systematically
  • Asset-liability management objectives, constraints and decision-making responsibilities
  • Net interest margin drivers across lending, deposits and securities
  • Capital, liquidity and profitability trade-offs within commercial banking
  • Correspondent banking relationships, nostro accounts and payment-service roles

Participants can relate Basel requirements to bank funding, capital and liquidity decisions.

  • Basel III capital ratios and risk-weighted asset calculations
  • Liquidity Coverage Ratio components, eligible assets and stressed outflows
  • Net Stable Funding Ratio and structural funding assessment
  • Pillar 1, Pillar 2 and Pillar 3 requirements distinguished
  • Internal liquidity adequacy assessment process and contingency funding plans
  • Stress testing assumptions for deposit withdrawals and market closures

Participants can apply interest-rate conventions and benchmark structures to market transactions.

  • Simple, compound and continuous interest calculations for market instruments
  • Day-count conventions: ACT/360, ACT/365F, 30/360 and ACT/ACT
  • Business-day conventions, settlement calendars and value-date adjustments
  • Risk-free rates: SOFR, SONIA, €STR and SARON mechanics
  • Term benchmarks, credit spreads and bank funding-rate differences
  • Yield curves, discount factors and forward-rate interpretation

Participants can calculate borrowing costs and returns for unsecured money-market deposits.

  • Overnight, tom-next, spot-next and term deposit value dates
  • Interbank deposit quotations, bid-offer spreads and credit differentials
  • Calculate simple-interest deposit maturities using market day-count conventions
  • Borrowing-cost comparisons across maturities, currencies and counterparties
  • Deposit confirmations, settlement instructions and discrepancy resolution procedures
  • Credit limits, dealing authorities and approved counterparty controls

Participants can compare money-market instruments by yield, liquidity, credit quality and settlement terms.

  • Treasury bills priced through discount yield and price conventions
  • Commercial paper issuance, credit support and investor considerations
  • Certificates of deposit, negotiability and secondary-market liquidity characteristics
  • Bankers' acceptances and trade-finance funding applications examined
  • Calculate bond-equivalent yields and effective annual returns accurately
  • Compare issuer credit, tenor, liquidity and rollover-risk factors

Participants can analyse repo funding, collateral movements and secured lending risks.

  • Repo and reverse-repo cash flows mapped from trade dates
  • Haircuts, initial margin and collateral valuation mechanics explained
  • General collateral and special collateral repo market distinctions
  • Calculate repo interest, repurchase price and financing yield
  • Margin calls triggered by collateral price and haircut changes
  • Tri-party repo, bilateral repo and settlement-agent arrangements compared

Participants can prepare a short-term liquidity position and identify funding gaps.

  • Opening cash position assembled from account balances and settlements
  • Intraday liquidity requirements arising from payment and securities flows
  • 13-week rolling cash forecast built from receipts and obligations
  • Funding-gap analysis by currency, date and legal entity
  • Contingency funding actions ranked by availability, cost and speed
  • Liquidity early-warning indicators and escalation thresholds defined

Participants can interpret spot FX quotations and determine transaction cash flows.

  • FX market participants, dealer roles and electronic trading venues
  • Direct and indirect currency quotations interpreted from customer perspective
  • Bid-offer spreads, dealer margins and executable price conventions
  • Spot dates, broken dates and holiday-calendar effects determined
  • Cross-rate calculations using common-base currency quotation methods
  • Prepare spot-deal tickets with currency, amount and settlement details

Participants can price FX forwards and assess forward contracts for currency hedging.

  • Covered interest parity links spot rates, yields and forwards
  • Forward points, swap points and outright forward-rate construction
  • Calculate forward values using domestic and foreign interest rates
  • Value dates, broken-date forwards and interpolation techniques applied
  • Forward premiums and discounts interpreted without directional confusion
  • Hedge foreign-currency receivables and payables using forward contracts

Participants can distinguish FX swaps from currency swaps and identify rollover exposures.

  • FX swap near-leg and far-leg cash flows mapped
  • Swap-point quotations converted into funding-cost implications accurately
  • Tom-next swaps used for short-term position rollover management
  • Cross-currency swaps exchange principal and interest-payment obligations
  • Basis spreads reflect currency funding imbalances and credit conditions
  • Rollover risk assessed when hedges require repeated FX swaps

Participants can apply operational controls that reduce FX settlement and payment risk.

  • Herstatt risk arises from mismatched payment timing across currencies
  • Payment-versus-payment settlement principles and CLS settlement arrangements
  • Standard settlement instructions verified before payment release
  • Nostro reconciliation identifies unmatched entries and failed payments
  • Trade confirmations matched against dealing tickets and counterparty records
  • Operational incident escalation for failed, late and duplicate payments

Participants can identify transaction exposure and select appropriate FX hedge structures.

  • Transaction, translation and economic exposures distinguished clearly
  • Currency exposure register categorises receivables, payables and forecast commitments
  • Natural hedging through currency matching and pricing policies
  • Compare forward hedges, money-market hedges and FX options
  • Hedge ratios aligned with forecast certainty and risk appetite
  • Hedge effectiveness reviewed through actual-versus-budget currency outcomes

Participants can measure basic interest-rate exposure and assess curve-related funding risk.

  • Repricing gaps identify asset and liability sensitivity periods
  • Duration concepts explain price sensitivity to yield movements
  • Parallel shifts, steepening and flattening yield-curve scenarios compared
  • Fixed-rate and floating-rate borrowing exposures mapped by maturity
  • Basis risk arises when hedge and exposure benchmarks differ
  • Interest-rate risk limits linked to earnings and economic value

Participants can construct and analyse fixed-for-floating interest-rate swap cash flows.

  • Plain-vanilla interest-rate swap payment legs and counterparties defined
  • Fixed-leg coupon calculations using notional, rate and day-count factors
  • Floating-leg resets linked to overnight compounded risk-free rates
  • Payment dates, reset dates and accrual periods scheduled correctly
  • Net settlement amounts calculated for each swap payment period
  • Swap motivations: convert fixed debt, floating debt or asset yields

Participants can estimate swap value changes using discount factors and rate scenarios.

  • Discount future swap cash flows using relevant curve discount factors
  • Present value compares fixed-leg and floating-leg obligations
  • Mark-to-market movements following interest-rate and curve changes
  • DV01 measures approximate value sensitivity to one basis point
  • Replacement cost and potential future exposure distinguished
  • Rate-shock scenarios inform hedging actions and limit monitoring

Participants can compare FX option structures with forward and money-market hedges.

  • Call and put options define rights without exercise obligations
  • Strike price, premium, expiry and settlement terms interpreted
  • Option payoff diagrams show protected downside and retained upside
  • Collars combine purchased protection with sold option premium
  • Compare certainty, cost and flexibility across hedge alternatives
  • Document hedge rationale against exposure amount and forecast confidence

Participants can assess counterparty exposure and apply basic credit-risk mitigants.

  • Counterparty credit assessment uses financial, market and qualitative indicators
  • Pre-settlement exposure measured from positive replacement-cost positions
  • Settlement exposure differs from mark-to-market counterparty exposure
  • Credit limits allocated by tenor, product and legal entity
  • Close-out netting reduces exposure across documented derivative transactions
  • Collateral agreements specify thresholds, margin frequency and eligible assets

Participants can identify documentation, conduct and control requirements for market transactions.

  • ISDA Master Agreement architecture and Schedule provisions explained
  • Credit Support Annex terms govern collateral transfer arrangements
  • Confirmations capture economic terms, conventions and settlement instructions
  • FX Global Code principles for ethics and market conduct
  • Front-office, risk and operations segregation-of-duties controls applied
  • Trade surveillance identifies off-market rates and unusual dealing patterns

Participants can prepare treasury reports that support funding, risk and hedging decisions.

  • Treasury dashboard combines liquidity, FX, interest-rate and counterparty metrics
  • Limit utilisation reports highlight approaching and breached risk thresholds
  • Funding concentration analysis identifies dependency on major providers
  • Hedge performance reports compare protected exposures and realised outcomes
  • Exception reports assign ownership, deadlines and remediation actions
  • Management commentary explains drivers, implications and recommended decisions

Participants can build, review and present a complete treasury funding, FX hedging and swap-risk management proposal.

  • Analyse multi-currency cash forecasts, debt schedules and committed exposures
  • Calculate deposit, repo and borrowing alternatives for funding gaps
  • Price spot, forward and swap transactions from supplied market rates
  • Construct interest-rate swap schedules and rate-shock sensitivity analysis
  • Select hedge structures against defined risk appetite and policy limits
  • Review settlement controls, counterparty limits and documentation requirements
  • Present funding, hedging and control recommendations to senior management

Exercises and examples are adapted to each cohort's sectors and roles.

What you take back to work

  1. 13-week multi-currency cash forecast template
  2. Money-market pricing and yield calculation model
  3. FX spot, forward and swap deal worksheet
  4. Interest-rate swap cash-flow schedule
  5. Treasury counterparty-limit and collateral checklist
  6. Treasury funding and hedging management report

Who should attend

  • Treasury Analysts — need to price funding, FX and hedge transactions accurately
  • Bank Relationship Managers — need to discuss market products and client exposures credibly
  • Corporate Treasury Managers — need to manage liquidity, borrowing and currency risk
  • Financial Markets Operations Staff — need to control confirmations, settlements and reconciliations
  • Risk Managers — need to assess market, liquidity and counterparty exposures
  • Internal Auditors — need to review treasury dealing controls and documentation

Skills and tools covered

Money-market pricingForeign-exchange dealingSwap valuationLiquidity risk managementCounterparty credit controlTreasury hedging

Tools and standards

Basel III, FX Global Code, ISDA Master Agreement, Credit Support Annex

How the course runs

Training methodology

The course uses short instructor briefings to establish market concepts, followed by worked rate calculations, bank and corporate cases, group exercises and dealing simulations. Participants interpret real-style market quotations, build cash-flow schedules, compare hedge choices and review transaction documentation. Cases cover bank liquidity pressure, corporate import payments, foreign-currency borrowing and swap-based interest-rate management. Daily application planning links the methods to participants’ own funding, treasury, operations or risk responsibilities.

Requirements and prerequisites

Participants should understand basic financial statements, simple interest calculations and the purpose of borrowing, lending and foreign-currency transactions. Experience in banking, treasury, finance, accounting, payments, risk, audit or corporate finance is helpful. Participants should be comfortable working with percentages, dates and spreadsheet-style calculations. Prior dealing-room experience is not required. No prior knowledge of derivatives pricing, swap documentation, Bloomberg terminals, programming or advanced mathematics is assumed. The course introduces the calculations and market conventions needed for later modules.

A typical training day

08:30 – 10:30First session
10:30 – 10:45Refreshment break
10:45 – 12:30Second session
12:30 – 13:30Lunch and networking
13:30 – 15:00Third session
15:00 – 15:15Refreshment break
15:15 – 16:30Workshop and daily review

Live online deliveries follow the same structure in East Africa Time, with shorter screen blocks and longer breaks.

What the fee includes

  • Instruction by a practitioner facilitator
  • Full course workbook and materials
  • Exercise files, templates and case studies
  • Refreshments and lunch on classroom deliveries
  • Certificate of completion
  • Post-course application plan

Frequently asked questions

Participants need basic familiarity with financial statements, borrowing, lending and percentage calculations. Prior derivatives, trading or treasury-dealing experience is not required.

Bring a calculator and, where permitted, a laptop for working through rate and cash-flow calculations. Participants may also bring anonymised examples of their funding, FX or hedging questions.

It suits treasury, banking, corporate finance, financial-markets operations, risk, audit and relationship-management professionals. It is designed for people who work with market transactions or need to review them.

This course spends more time on wholesale money markets, FX pricing, settlement mechanics, swaps and derivative documentation. A general treasury course may place greater emphasis on cash management policy, budgeting and corporate treasury governance.

Participants can use the cash forecast, pricing worksheets, hedge comparison methods and control checklists in treasury, finance or operations work. The capstone pack provides a structure for discussing funding and risk decisions with managers.

Each training day runs from 08:30 to 16:30 and provides about 6.5 contact hours. The first week establishes banking, money-market and FX mechanics; the second week develops swaps, risk controls, reporting and the final capstone.

Questions about this course?

Ask about dates, fees, group bookings or running it for your team. Our training team replies by email.

Ask on WhatsApp info@skillsetdevelopment.com

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