The Indo-German Chamber of Commerce (IGCC) is organizing a lecture and interactive session titled “Foreign Exchange Risk Management for Indian and German companies” for its members on Tuesday, 28th July 215, from 15.30 onwards at its office premises on 3 A Gurusaday Road, Kolkata 700 019.
About the topic: Trading between India and Europe or the US requires currency risk management for both importers and exporters. We explain the gravity of currency risk: not acting, and not putting a hedge in place can ruin any healthy business. We show in a few case studies how corporates can hedge themselves. Many of the hedging tools provided by banks are so-called zero-cost structures. We discuss their pros and cons, the success stories as well as the dangers that arise when hedging tools are turned into speculative instruments.
About the speaker: Uwe Wystup is the managing director of MathFinance AG. Before, he has actively worked in FX derivatives trading as Financial Engineer, Global Structured Risk Manager and Advisor since 1992, including Citibank, UBS, Sal.Oppenheim and Commerzbank. He is one of the few hybrids in the world working in the intersection of the derivatives market and academic research.
Prof. Wystup earned his PhD in mathematical finance from Carnegie Mellon University, is currently Honorary Professor of Quantitative Finance at Frankfurt School of Finance & Management, Professor of Financial Option Price Modeling and Foreign Exchange Derivatives at University of Antwerp.
His team at MathFinance provides independent FX structuring, valuation, model validation and expert witness services.
His first book Foreign Exchange Risk was published in 2002, quickly became the market standard and has also been translated into Mandarin.
His second book FX and Structured Products appeared in 2006. Many of his papers appeared in scientific journals.
About IGCC: Established in 1956 and registered under Section 25 of the Companies’ Act 1956, the Indo-German Chamber of Commerce (IGCC) is a non-profit organisation. It is the largest Bi-National Chamber (AHK) abroad as well as the largest Chamber of Commerce in India with over 7000 member companies across diverse sectors. It is a part of the Association of German Chambers of Commerce and Industry (DIHK) located in Berlin, Germany and the worldwide network of 120 Chamber offices in 80 countries.
Headquartered in Mumbai, the IGCC has 6 other offices in New Delhi, Kolkata, Bangalore, Pune and Düsseldorf, Germany and 17 honorary representatives in smaller towns and cities, in order to facilitate better business contacts among Indian and German companies. It has India Desks in the Chambers of Commerce and Industry (IHKs) in 18 metros in Germany, and in the German Chambers of Commerce (AHKs) in 8 countries.
The Indo-German Chamber of Commerce serves as a significant catalyst for the promotion of trade and industrial relations between India and Germany. It offers numerous services such as Business Partner Searches, Company Formations, Legal Advice, HR Recruitment, Marketing and Branding, Trade Fairs, Information and Knowledge Exchange through various Publications, Delegations and Events, and Training.