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Foreign Exchange Management Online Course

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NEXT COURSE BEGINS: FEBRUARY 3, 2014

About the Course

Not knowing how to reduce your FX risks can cost you money and/or clients. This four-week course is designed to give participants a substantial understanding of currency fluctuation gaps. If your company does international business, whether you are collecting in your currency or your international clients’ currency, you need to know the FX market.

Why would an international credit professional need to know about foreign exchange!

  • FX affects every international sale. There will always be winners and losers, so gaining information from the experts will create a more profitable business relationship for the long term.
  • Components of FX are imbedded in all international business transactions and an understanding of the impact of FX on the bottom line is crucial.
  • International credit professionals MUST have a fundamental proficiency with foreign exchange.
  • Successful and profitable global credit executives possess expertise in FX concepts and a deep understanding of how to manage FX risks.

Fees

 
FCIB Members
NACM Members
Non-Members

30 days prior to course start date

$395
$495
$595

Within 30 days of course start date

$595 $695 $795

 

The Experience

The course consists of four, one-week modules:

Module 1: The Foreign Exchange (FX) Market

  • Lesson 1: Introduction - Knowing Your FX Exposure
  • Lesson 2: Key Factors In Understanding the FX Market

Module 3: Identifying and Hedging FX Exposure

  • Lesson 1: Implications of FX Exposure
  • Lesson 2: Techniques for Hedging FX Exposure

Module 2: FX Contracts

  • Lesson 1: FX Transactions
  • Lesson 2: Forward FX
  • Lesson 3: Futures
  • Lesson 4: FX Swaps
  • Lesson 5: Options

Module 4: Managing FX Exposure

  • Lesson 1: Defining FX Exposure Risk Policy for an Organization
  • Lesson 2: Measuring FX Exposure Risk Using a Maturity Profile
  • Lesson 3: Risk Controls




Course Completion Requirements:

Below is a list of requirements students need to meet in order to receive credit and a certificate of completion for having successfully completed the Foreign Exchange Management online course.

  • Score 70% or higher on the Module Quizzes
  • Participate in the online discussion
  • Complete the program evaluation

 

Instructor

Craig Schurr
Senior Vice President and Manager
FirstMerit Bank’s

cschurr webCraig Schurr is a Senior Vice President and Manager of FirstMerit Bank’s International Banking Division. Mr. Schurr is responsible for the overall international business activities of the Bank including foreign correspondent banking, foreign exchange, trade finance and structured finance products and the sale of services to companies throughout FirstMerit Bank’s banking franchise.

Mr. Schurr joined FirstMerit in 2009 and has over 44 years of experience in banking with 32 years focused solely on international banking. Previously Mr. Schurr worked for National City Bank, Bank One, Mellon Bank, and Equibank where he held senior management positions in Audit, Treasury Management and International Banking.

Mr. Schurr is a Board member of the Bankers Association for Finance and Trade and also co-chair of the association’s North American Council. Mr. Schurr is a member of the Northern Ohio District Export Council (NODEC) and a former member of The Global Council, the Advisory Board of Thunderbird, The School of Global Management in Glendale, Arizona.Mr. Schurr is currently an Adjunct Professor at Thunderbird the School for Global Management teaching a class in Export Import Management, a volunteer for the Financial Services Volunteer Corp and a frequent speaker at regional and national trade association conferences.

Over his career Mr. Schurr has assisted hundreds of companies throughout the United States with their global business whether it is improving payment experience for global sales through effective deployment of trade tools, enhancing performance of global sourcing operations through effective management of the financial supply chain or efficient treasury management and hedging of foreign cash operations. Mr. Schurr co-developed and taught an all day seminar entitled Inside Trade Finance which was designed to provide exporters with financing tools that effectively enhance and improve the profitability of international sales while enhancing relationships with global customers.

 

EARN ICEUs

 

Participants earn 6 Education and 6 Participation Points towards the International Certified Credit Executive (ICCE) certification/recertification.