Finance and TreasuryForeign Exchange Risk Management and Trade Finance
Currency exposure is created the moment a price is agreed, not when the invoice is paid, and most losses trace to a gap between those two dates that nobody was measuring. This course closes that gap. Delegates work through identifying transaction, translation and economic exposure, and measuring a net position across a business rather than deal by deal. Hedging instruments follow: forwards, swaps and options, with what each costs and what it gives up. Natural hedging and pricing in the exposure are covered, since these are often available where instruments are not. Markets with limited convertibility and restricted access to hedging are addressed honestly. Trade finance instruments follow: letters of credit, documentary collections, guarantees and their discrepancy risks. Export credit and receivables finance are covered. The course closes on hedging policy, on accounting treatment and on reporting currency results to a board.
Course objectives
- Identify transaction, translation and economic exposure
- Measure a net currency position across the business
- Compare forwards, swaps and options on cost and what each gives up
- Apply natural hedging and price exposure into contracts
- Operate where convertibility and hedging access are limited
- Use letters of credit, collections and guarantees, avoiding discrepancies
- Set hedging policy and report currency results to a board
Who should attend
- Treasury and finance staff in import and export businesses
- Trade finance officers and correspondent banking staff
- Corporate finance managers exposed to hard currency borrowing
- Risk managers responsible for currency exposure
- SME exporters seeking to formalise currency risk practice
Course outline
- 01Exposure begins when the price is agreed
- 02Transaction, translation and economic exposure
- 03Measuring the net position
- 04Forwards, swaps and options
- 05Natural hedging and pricing it in
- 06Limited convertibility and restricted hedging
- 07Letters of credit, collections and guarantees
- 08Receivables finance, policy, accounting and board reporting
Scheduled sessions
| Dates | Venue | Format | Price | Register |
|---|---|---|---|---|
| 2 to 4 November 2026 | Lusaka, Zambia | Classroom | USD 995 per delegate | Register Now |
| 30 November to 2 December 2026 | Online | Online | R6,500 per delegate | Register Now |
| 9 to 11 December 2026 | Mbabane, Eswatini | Classroom | R14,950 per delegate | Register Now |
| 15 to 17 March 2027 | Accra, Ghana | Classroom | USD 995 per delegate | Register Now |