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Showing posts from 2016

Treasury Consulting LLP

Dear Friends,

Hope you are doing great and enjoying !!

Pleased to share that launched my own Start Up here in India " Treasury Consulting LLP " which wold be covering four important domains like Consulting Projects , Trainings , Financial & Foreign Exchange Software and last but not the least Publication domain.

Treasury Consulting LLP would be covering Trainings in below areas:-

1. Foreign Exchange Risk Management
2. Derivatives Trading ( Plain Vanilla , Exotic Derivatives )
3. Currency Derivatives ( OTC , Exchange Traded )
4. Frauds & Forensics ( Tools based Trainings )
5. Frauds & Forensics ( Non Tool based Trainings )
6. Investigations Reports , Interviews and Cross Examinations Trainings
7. Data Analytics Tools - ACL , IDEA , SAS , R , R+ , SPSS, Minitab
8. Information Technology Audit ( IT Audit ) - COBIT 5.1 , SSAE 16 Framework
9. Business Valuation / Valuation Adjustments
10. Anti Money Laundering ( AML ) - India & Asia Pacific Region
11. Treasur…

Launch of Treasury Magazine on AMAZON - Amazon Kindle Edition

Dear Members,

Hope you are doing great and enjoying !!

Sub:- Launch of Magazine " The Maverick Treasurer " on AMAZON Kindle

Happy to inform you that our Treasury Products , Banking , Foreign Exchange Magazine " The Maverick Treasurer " is now available on AMAZON Kindle at Global Price of $ 1 across the Globe.

As you understand that Magazine covering variety of topics covering Treasury Markets , Banking and Foreign Exchange Derivatives Instruments for both Exporters as well as Importers. Over the period all editions of Treasury Magazine would be available on AMAZON.

Next 1 Years Magazine would be available on all E Commerce Platforms like AMAZON , Alibaba , E Bay , Flip Kart , Snap Deal and respective E Commerce Platforms across the Globe.

You are most welcome to connect with editorial Desk by writing at rahulmagan8@gmail.com or connect at 91-9899242978 in that regards.

Good luck and enjoy Readings :-)

Best,

Editorial Desk,


Rahul Magan

Founder of the Brand , "…

Launch of Treasury Club ~ " Mavericks Club "

Image
Dear Traders ,

Hope you are doing great and enjoying !!

Sub :- Launch of Treasury Club ~ " Maverick Club "

Happy to share that launched Feb 2016 Edition of our Banking , Treasury , Foreign Exchange Magazine " The Maverick Treasurer ".

Plus at the same time launching Treasury Club " Mavericks Club " at Pan India basis.

1.Update on Foreign Exchange Markets
2.SMS covering tips on Foreign Exchange Markets
3. Weekly email covering all important developments in Currency & Derivatives Markets
4. Subscription of the Magazine “The Maverick Treasurer “along with CD of the Magazine which would cover all aspects in Video formats.
5. Updates happening in Law section like Accounting Laws as well as non-Accounting Laws.

6. Accounting Laws covering the following :-

IFRS
US GaaP
IAS ( International Accounting Standard )
IND-AS, Indian GaaP )
Companies Act 2013 – Internal Financial Controls
Internal Risk Reporting Frameworks
Sarbanes Oxley Act , Unites States
COSO Risk Manageme…

FEB 2016 Edition of " The Maverick Treasurer " is launched !!

Dear Members,

Hope you are doing great and enjoying !!

Sub:- Feb 2016 Edition of Banking Magazine " The Maverick Treasurer "

Well happy to share that Feb 2016 Edition of our Banking , Treasury , Foreign Exchange Magazine " The Maverick Treasurer "is launched. Magazine covering the following sections for readers :-

1. Perspective on Australian Dollar as a Commodity Currency , Derivatives Pricing till rolling 1 Years Period and Chartings of Australian Dollar as a Spot , Implied Volatility till 5 Years Period.

2. Perspective on New Zealand Dollar as a Commodity Currency , Derivatives Pricing till rolling 1 Years Period and Chartings of New Zealand Dollar as a Spot , Implied Volatility till 5 Years Period.

3. Perspective on Swiss Franc as a Risk Off Currency , Derivatives Pricing till rolling 1 Years Period and Chartings of Swiss Franc as a Spot , Implied Volatility till 5 Years Period.

4. Perspective on GBP as a G7 Currency , Derivatives Pricing till rolling 1 Years P…

Volatility in Japanese Yen

Dear Traders,

Hope you are doing great and enjoying !!

Sub:- Volatility in Japanese Yen in last few weeks.

Well as all traders understand that Markets are getting highly volatile from the start of Year 2016 where by all Direct Pairs as well as Indirect Pairs are facing highest volatility. In that regards Japanese Yen which is amongst Indirect Pairs is facing biggest volatility in last few weeks.

Sitting today Japanese Yen is trading at 116 levels which effectively $ is equal to 116JPY. Last week the same Japanese Yen traded at 121 levels. The following are the important factors that contributed to the volatility in the valuation of Japanese Yen :-

1. An estimated amount of 17.3 Trillion sold through Foreign Securities Investments during Year 2015 which is a very big amount.

2. During Year 2015 Japanese Investors absorbed pressure which means that Japanese Investors now hold huge JPY short positioning's of estimated amount of 50 Trillion Yen

3. During Year 2015 Japan recorded Curr…

Singapore Dollar (SGD) as a Carry Trade Currency

Singapore Dollar (SGD) as a Carry Trade Currency

Dear Corporate Treasurers , Bankers , Traders,

Hope you are doing great and enjoying !!


Well today we are going on Forecast of Singapore Dollar. Well Singapore is still facing low side GDP Growth however at the same time we should not forget that Singapore is acting as GFC (Global Financial Centre ) and RTC ( Regional Treasury Centre ) for the world. Services is growing in Singapore and the same would continue to happen as Singapore is acting as both GFC and RTC.

While on the other side we need to appreciate the fact that manufacturing is very less in Singapore and going down... well credit for the same would surely go to downfall in Chinese Markets however Singapore is always known to follow unique model henceforth we expect Singapore to comeback soon.

As regards valuation of Singapore Dollar is concerned then it s trading at 1.4965/1.4075 which effect effectively means as an exporter you would get 1.4065 SGD when you would be sellin…

Pull-out of Magazine "The Maverick Treasurer"

Dear Traders,

Hope you are doing great and enjoying !!

Sub:- Launch of "The Maverick Treasurer "Pull-out

Happy to share that with the success of our Magazine " The Maverick Treasurer "we are launching a Pull-out of the Magazine " Valuation of Implied Volatilities in Indian Rupee and Rolling Forwards for Exporters & Importers "

Well the Pull-Out would be covering Implied Volatilities in Indian Rupee , valuations of Rolling 12 months Forwards Contracts , Valuations of Options Contracts ( Buy Put , Buy Call ) and suggesting whether both Exporter or Importer should go with Rolling Forwards or Options Contracts.

Pull-out would be launch separately along with the magazine Plus would be available on LinkedIn , You Tube , Daily Motion and respective platforms.

Best,

Rahul

Corporate Treasurer , EXL Service Holdings, Inc. ( NASDAQ Listed )
Founder of the Brand , " Foreign Exchange Maverick Thinkers "

91-9899242978 , Skype Connect ~ Rahul5327 , Twitte…

Treasury Magazine ~ " The Maverick Treasurer "

Dear Corporate Treasurers , Bankers , Traders ,

Hope you are doing great and enjoying !!

Sub: Launch of Treasury Magazine " The Maverick Treasurer "

Well happy to share that our Brand " Foreign Exchange Maverick Thinkers " launched our own Treasury Magazine " The Maverick Treasurer " which covering Treasury & Foreign Exchange Risk Management , Derivatives & Currency Trading, Interest Rates Derivatives , Interest Rates Swaps, Fixed Income Markets ( Debt Markets , Money Markets , Capital Markets ) , Valuations of Derivatives Instruments , Mark to Market Valuations , Hedge Accounting , Accounting Standards ( IFRS , US GaaP , IND-AS , Indian GaaP ), Trading Tips and Proprietary Trading Desk.

Well during the current edition of Jan'16 Treasury Magazine is covering Valuations of 6 International Currencies like AUD, NZD , CAD , GBP , EUR , INR and JPY. Well at the same time Magazine is also having a section " Financial Derivatives & Analytics…

Pricing of USD/INR Buy Put Strips

Hey Traders,
Hope you are doing great and enjoying!!
Well today we are doing to discuss Strip ( Series ) of Buy Put Contracts of USD/INR for Exporters. Well as we understand that Buy Put is an Options Derivatives Contracts where by Exporter is having right to sell his $ earnings at an agreed rate ( known as Moneyness of the Options Contracts ) with the Bank on agreed date. Settlement of the Buy Put along with other Options Contracts to be done using Tokyo Cut ( 3.30 PM Tokyo or 11.30 AM IST )
Today we are taking current spot rate of 68.05 along with 1 Year Onshore Premiums of Rs 4.20 henceforth Outright Rate would be 72.25 for 1 Years. Implied Volatilities for USD/INR are as follows :-
1 Years USD/INR Implied Volatility - 8.425%
2 Years USD/INR Implied Volatility - 9.150%
3 Years USD/INR Implied Volatility - 9.525%
4 Years USD/INR Implied Volatility - 10.%
5 Years USD/INR Implied Volatility - 10.275%
Pricing of USD/INR Buy Put Strip ~ 1 Y till 5 Years keeping strike at 62.32 which is…

Pricing of Cost Reduction Structures ~ USD/INR Contracts

Hey Traders,
Hope you are doing great and enjoying!!
Well today would be discussing pricing of Cost Reduction Structures (Range Forwards, Seagull Contracts) along with Forwards Contracts covering till 5 Years. Well Pls be note that as per RBI Cost Reduction Structures can't be taken after 2 Years. India is one of the most conservative Foreign Exchange Markets in Asia Pacific region and we all understand that Singapore is acting as World Financial Centre.
Pricing of USD/INR LTFX Forwards Contracts keeping spot at 67.82 levels. If today any exporter would like to price USD/INR Forwards Contracts where by Exporter is selling $ and buying INR from 1 Years period till 5 Years.
1 Years O/R Rate (Outright Rate) = 67.82 + 4.1875 = 72.00
2 Years O/R Rate (Outright Rate) = 67.82 + 7.60 = 75.42
3 Years O/R Rate (Outright Rate) = 67.82 + 11.46 = 79.28
4 Years O/R Rate (Outright Rate) = 67.82 + 15.55 = 83.37
5 Years O/R (Outright Rate) = 67.82 + 19.50 = 87.32
Pricing of Options Contracts - …

Launch of Treasury Club " Maverick Traders Club "

Dear Traders ,

Hope you are doing great and enjoying !!

Well happy to share that our Brand ~ " Foreign Exchange Maverick Thinkers " now covering majority of the Electronic Platforms like You Tube Channel , Daily Motion Channel , What's UP APP Derivatives Groups , Telegram APP Derivatives Groups , LinkedIn , LinkedIn Academies , Twitter Academies , Skype Foreign Exchange Academies , Google Blog , Google Groups.

Now the time has come when the Brand to move on and in that regards we are coming up with the launch of own Treasury Club " Maverick Traders Club " which would open to everyone in Asia Pacific Level.

Well the purpose of the Group is to connect Industry , Bankers , Foreign Exchange Professionals , CEO , CFO , Corporate Treasurers , Controllers and institutions and sink them with reality happening in markets. In that regards Group would do Seminars , Workshops , Trainings , Debates , Technical Trainings and respective others by charging Quarterly fees.

We…

Foreign Exchange Maverick Thinkers ~ Brand across Social Networks

Dear Friends,

Sub:- Presence of our Brand ~ "Foreign Exchange Maverick Thinkers "

Well happy to share that our Brand " Foreign Exchange Maverick Thinkers " is now having presence on almost all Electronic Platforms across the Globe. Sitting today which is 26th Jan'16 "Foreign Exchange Maverick Thinkers "is having presence covering the following Platforms :-

ØYou Tube Channel:-Well my You Tube channel - “Foreign Exchange Maverick Thinkers “ covers 100 technical videos on Foreign Exchange Risk Management, Treasury Risk Management, Onshore & Onshore Treasury Markets (Singapore, NY, London, Luxembourg, Frankfurt, Australia, Japan, Philippines, Dubai), Interest Rate Derivatives like Interest Rate Swaps, Credit Swaps, Total Return Swaps, Credit Default Swaps, Fixed Income Markets (Money Markets, Debt Markets, Capital Markets), International Accounting Standards (IFRS, US GaaP, International Accounting Standards, IND-AS, Indian GaaP), Corporate Finance , S…

USD/INR Volatility ~ Options Contracts

Hey Traders,

Hope you are doing great and enjoying !!

Sub:- Usage of Options Contracts covering USD/INR Exposures

Well as we understand the fact that today Global markets are facing lots of volatility and credit goes to huge volatility in Chinese Financial Markets along with expectations of lower GDP of United States.

Well in that regards lots of volatility is happening in Indian Financial Markets as well and sitting today INR has already touched 68.20 levels as well which is not a good sign for Importers in the Country. On paper Reserve Bank of India along with Nationalised Banks are tying protecting INR however INR all scheduled to touch 70 levels soon. Well sitting today it's a big question for all Exporters and Importers as how to hedge their Foreign Currency Receivables , Payables.

Well the most obvious answer is LTFX which would cover your spot rate and long term premiums however Pls be note that if you are doing Long Term Forwards Contracts then you are stick means you can…

Indian Rupee Update ~ 21st Jan'16

Hey Traders,

Hope you are doing great and enjoying !!

Well here you go with my update on Indian Rupee.

As Oil fell from 30 to 27 levels, Dow fell more than 500 points before recovering and closing 1.6% down. Lackluster US data along with market sentiments led to a steep fall in yields for USTs across the curve. The late recovery in the US session has led to a mild improvement in sentiment in the Asian session with oil also registering at 4% bounce. Yesterday the Bank of Canada disappointed markets by not cutting rates further. Today we have the ECB announcement, while the ECB is expected to be balanced to dovish it is unlikely that they will do incremental easing in two successive months.

Since the beginning of this week USDCNH has gradually moved higher. Emerging market currencies today morning have registered mild appreciation which is reflected in a lower USDINR opening. USDINR 1M ndf is near flat. I would expect trend continuation and equities to remain fragile. Currencies in turn …

Projection on Japanese Yen ( JPY )

Hey Traders ,

Hope you are doing great and enjoying !!

Well, Pls find enclosed Projections on Japanese Yen.

As the tendency for USD and JPY to react to fluctuations in Risk sentiment in the same direction has strengthened. USD/JPY has stuck to a narrow range over the period. However, at the same time, JPY has appreciated against the majors other than NZD over the period and Appreciated by 1% in trade-weighted terms.

This month, we will have two BoJ monetary policy meetings and we now expect the BoJ to conduct additional monetary easing (QQE3) at the October 30 meeting, which will be accompanied by semiannual Outlook Report, though it seems to be close call (previously, we had expected the BoJ would act in January or April next year). With a series of weak Japanese data released in recent weeks, we have revised Down Japan’s 3Q GDP growth forecast to -1.0% q/q Saar from +0.8%, meaning Japan will experience a technical recession.
Although QQE1 (April 2013) and QQE2 (October 2014) triggere…

Rahul Magan Google Group ~ "Foreign Exchange Maverick Traders "

Dear Members ,

Hope you are doing great and enjoying !!

Well would like to appraise you about my Google Group - "Foreign Exchange Maverick Traders "

Well the Group is based on the thoughts of having excellent knowledge to all of the members having sharing books and other Research reports which are easily accessible in public domain. Well the Group is attached with a Public library having more than 200 books covering all sorts of topics.

Currently the Group is having more than 200 members across the Globe.

You are most welcome to join the Group.

Simply open Google Groups and type " Foreign Exchange Maverick Traders " and join the Group. Then you would automatically be the member of the Group and able to access all the books. Well Pls be note that Google Group " Foreign Exchange Maverick Traders " is natural extension of our brand " Foreign Exchange Maverick Thinkers " covering LinkedIn till Twitter.

Good Luck Readers,

Rahul

Founder of the Brand …

Trading Call ~ 20th Jan'16

@ Traders ,

Well as you understand that markets are getting highly volatile and USD seems to be a heaven currency of the world. Credit of the same goes to CNY , Euro and GBP. Well as a Corporate Treasurer and Trader never appreciate the decision by UK to exit Euro as this lead to sudden fall in the valuation of GBP and all British exporters are gone and all Importers are happy.

Well sitting today which is 20th Jan'16 at 4.30 AM in Sydney Australian Dollar and New Zealand Dollar are fighting with each other and seems they are looking at Parity ??? OOPS ???

Australian Dollar is trading at .6926 vs. USD as it is a Direct Pair and New Zealand Dollar is trading at .6485 levels vs. USD as it is too a direct pair.

Indian Rupee is also trading higher which is 67.61 levels along with all weakening Currencies like Philippines Peso ...++

Well as a Corporate Treasurer , Proprietary Trader would like to share that $ Strength would continue however at the same time we should not discount the…

YOU TUBE Channel ~ " Foeign Exchange Maverick Thinkers "

Dear Friends,

Hope you are doing great and enjoying !!

Well would like to invite you in my well established YOU TUBE Channel ~ " Foreign Exchange Maverick Traders " having 90 Videos , 500 Subscribers , 55 K Videos Reviews  , 350 K Minutes Reviews.

Well You Tube Academy offers videos covering :-

Foreign Exchange Risk Management
Treasury Risk Management
Currency Derivatives
Interest Rates Derivatives
Structured Finance
Applied Finance
Interest Rates Swaps
Currency Swaps
Business Valuations
Non Deliverable Forwards ( Offshore Treasury Markets )
Overnight Index Swaps (OIS)
Accounting Standards ~ Business Combinations ( IFRS , US GaaP )
Accounting Standards ~ Accounting of Earnouts  ( IFRS , US GaaP )
Proprietary Trading ( Currencies , Equities , Interest Rates Futures , G Sec Futures )
MIFOR Swaps
Assets Swaps
Basis Swaps
Hedge Accounting
Business Valuation
ISDA ( International Swaps and Derivatives Association )
Offshore Treasury Financial Centres
Fair Value Hedging
Ca…
@ Friends ~ Well would like to invite you to join my Brand ~ " Foreign Exchange Maverick Thinkers " having presence of all Social - Electronic platforms across the Globe.

To name a few :-

1. LinkedIn
2. You Tube
3. Daily Motion
4. Vimeo
5. What's UP
6. Twitter
7. Facebook Foreign Exchange Groups
8. Skype Foreign Exchange Groups


You are most welcome to connect with me at 91-9899242978 , rahulmagan8@gmail.com or Skype connect ~ Rahul5327 in that regards.

Best,

Rahul

Corporate Treasurer , EXL Service Holdings, Inc.