Cross Currency Swaps

Overview

This one-day intensive course provides a comprehensive understanding of Cross Currency Swaps (CCS) and Cross Currency Basis Swaps (CCBS). Participants will gain practical insights into their mechanics, pricing methodologies, and real-world applications. The program explores CCS and CCBS across trading, funding, and hedging scenarios, with a particular focus on post-Libor market dynamics. Case studies enhance learning by covering diverse applications such as debt conversion, cost-efficient funding, FX risk management, and M&A financing strategies. Designed for corporate treasurers, financial institution ALM professionals, fixed income asset managers, and risk practitioners, this course equips attendees with the tools to manage and optimize cross-currency exposures.

Learning Objectives

Understand the structure, market conventions, and operational mechanics of cross currency swaps and cross currency basis swaps.
Develop expertise in calculating Net Present Value (NPV), mark-to-market (MTM), and key sensitivity measures for CCS and CCBS.
Discover practical uses of CCS and CCBS for debt conversion, M&A funding, risk-off positioning, and cost-efficient financing.
Analyze how the transition from Libor has reshaped the CCBS market and learn to adapt valuation and pricing models accordingly.
Gain insights into managing FX risk for non-base currency bond portfolios and incorporating XVA considerations into non-collateralized CCS transactions.