International Payments - Advanced Workshop
Richard Barr, Banking, Payments, Operational Risk & Back Office Specialist and Bank Trainer
Coming soon.. Please contact customer care for new schedule
The foreign exchange (FX) market is the largest and most liquid sector of the global economy because it serves as the primary mechanism for making payments across borders (international payments), transferring funds and determining exchange rates between different national currencies. The foreign exchange market is therefore closely bound with international payments and as such the two can be seen as well as approached as a seamless operation with the core terms often being used interchangeably.
International Payments are a major component of the Foreign Exchange market, which operates 24 hours a day. According to the Bank for International Settlements, daily turnover averages $1.9 trillion in the foreign exchange market, including $1.3 trillion in the over-the-counter foreign exchange derivatives market.
The liquidity of the market gives businesses access to international markets for goods and services by providing the foreign currency needed to make transactions worldwide. It serves commercial and investment banks, foreign exchange dealers and brokerage companies, corporations, money managers (including pension, mutual fund, and commodity pool managers), commodity trading advisors, insurance companies, governments, and central banks.
There are a number of factors which are critical to the smooth functioning of International Payments within this context including:
The increased complexity of the market plus the higher trade volumes have necessitated constant changes in trading procedures, trade capture systems, operational procedures, and risk management tools.
This course seeks to provide a solid foundation to all parties involved in international payments and foreign exchange activities whether at executive, marketing or operational levels into how the actual trading processes work, what the risks are and how these can be mitigated by using clearly defined Standards of Best Practice.
Developments like these make it vital that operations, operational technology, and settlement risk management keep pace with the changing foreign exchange market.
This course has been designed as advanced training for bank staff, especially those in the areas of international payments operations to provide them with a comprehensive understanding as to the how the international payments (and by implication the foreign exchange) processes work as well as the risks inherent in such procedures and how these can best be mitigated.
This course is a practical one aimed at bringing advanced knowledge of procedures in an international payments and foreign exchange environment to bank staff.
This is a highly interactive course comprised of presentations, case studies, multidirectional discussions and comprehensive exercises.
Most importantly it will offer participants, opportunities to plan such work within small working groups, providing practice in the application of the techniques and tools generating active participation.
By the end of the training, participants will:
Who will Benefit:
Operations and business staff who are beyond the basic level involved in any aspect of international payments/foreign exchange. This will include staff from:
Meet Your Instructor
Dubai, UAE (Venue to be announced shortly)
Standing at over 828 meters high, the Burj Khalifa is recognized as the tallest building in the world. This famous structure houses residential housing, office suites, as well as the new Armani Hotel. Guests can take in the fantastic views of the Dubai skyline from its Observatory Deck located on the 124th floor.
This amazing man-made island in the shape of a palm tree is considered the “8th Wonder of the World”. It houses a number of commercial properties and exclusive residential homes with their own private beaches.
The Dubai Mall is the world's largest shopping mall based on total area and sixth largest by gross leasable area. It offers a vast selection of shops with the latest in fashion, and an array of family activities. The Mall's Aquarium and Discovery Centre, officially earned the Guinness World Record for the world's "Largest Acrylic Panel".
The Dubai Fountain:
The Dubai Fountain is a record-setting choreographed fountain system set on the 30-acre manmade Burj Khalifa Lake, at the center of the Downtown Dubai development in Dubai. Illuminated by 6,600 lights and 25 colored projectors, it is 275 m (902 ft) long and shoots water up to 500 feet into the air accompanied by a range of classical to contemporary Arabic and world music.
Visit the Dubai Museum to learn about the Dubai of yesteryear. Located in the Al Fahidi Fort in Bur Dubai, it is the oldest building in the city. The museum provides guests.
Dubai desert safari is a total entertainment package with adventure and fun elements that one should not be missed out at any cost. You can admire the scenic beauty of the golden sand dunes at the same time can have a slice of excitement as well.
Dubai Gold and Spice Souks:
These traditional Arabic-style souks offer a unique shopping experience in one of the oldest trading areas of the city. Located off the shores of the Dubai Creek in Deira, guests can take in the delightful sights and smells of these famous souks.
This creek has served as the life's blood of Dubai throughout its history, and as such offers much in the way of history and culture. In the evening guests can enjoy a delightful “Dhow” dinner cruise.
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