The foreign exchange markets, in recent times, have turned highly volatile and turbulent and 2008 taught business to rethink about risk. Many business enterprises basking in the glory of a booming market suddenly realized what it means to tackle a volatile foreign exchange market or meet risk head on. While the subject is complex, beginners and self learners often find the available books on the subject difficult to understand or highly mathematical for their comfort. This book seeks to bridge that gap to enable the reader to get a fair knowledge on the subject from where he/she can explore the subtler nuances of the subject from more advanced books. The accompanying simple excel files should help one to grapple with unavoidable computations. The book draws extensively from the training modules used by the author at various platforms and is structured to help the lay reader understand the subject.
The book tries to avoid jargons and explain concepts in a language decipherable to the large majority of the readers. Simplicity scores over avoidable complexity and market practices are illustrated and explained from live market screens for better understanding.
The book is a must read title for any beginner in the subject of risk management or derivatives. .
The presence of an excel spreadsheet in the enclosed CD, detailing with various computations and pricing make the book a valuable reference material.
World Trade Centre (WTC)
World Trade Centre (WTC) brings together business and government agencies involved in international trade, provides essential trade services and stimulates the economy of the region it serves. WTC puts all the services associated with global commerce under one roof and it's address gives a business prime and continuous access to resources essential for success in world trade. A World Trade Center in any city is a business shopping center, complementing and supporting the existing services of private and government agencies. A WTC offers its members and tenants a wide range of facilities and services.
About the Author
Ramesh Lakshman graduated with a bachelor of commerce degree from University of Mumbai in the year 1975, Later he went to add additional qualifications of Chartered Accountancy, Cost Accountancy and Law all in the year 1980,, respectively from Institute of Chartered Accountants of India, Institute of Cost and Works Accountants of India and University of Mumbai.
He established his own practice under the firm name Ramesh Lakshman and Company, Chartered Accountants in the year 1981, having worked briefly with Sharp and Tannan, Chartered Accountants and K.C.Khanna and Company, Chartered Accountants. Between 1981 and 1992 he was involved in traditional practice of audit, assurance, certification and tax. He regularly appeared before the Income Tax Appellate Tribunal as counsel for his clients and recorded substantial success in the matters represented by him.
Since 1992 he chose to diversify into non traditional areas of international finance, valuation, derivatives, risk management, cross border acquisitions and due diligence, advising clients on intake of private equity investments etc. Today his practice is substantially comprised of these areas. He is also an expert on accounting for financial instruments, the area of great future potential due to the complexity surrounding the standards.
Most of his knowledge and learning on these subjects is derived from self education and by attending short term courses or seminars. An Introduction to Foreign Exchange and Risk Management is his first book, originally written as study notes for students of World Trade Centre undergoing a post graduate course in foreign exchange and risk management and later converted into a book.
He is also a visiting faculty with various Institutions and organisations which include: S.P.Jain Centre of Management at Singapore and Dubai where he teaches One credit course on Asset Liability Management and One credit course on Treasury Management.
BSE Training Institute of Mumbai Stock Exchange where teaches Valuation and Forex risk management
Dun and Bradstreet for their financial educational service division
Quest India Ltd.
Ramesh Lakshman can be contacted at his email id [email protected] or [email protected]