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Finance & Accounting

Hedging Strategies for Currency, Interest Rate and Commodity Risk

Hedging allows organisations to reduce the impact of volatile currency, interest rate and commodity prices on earnings and cash flow. This course explains how to identify exposures, set hedging objectives and policy, and use forwards, futures, swaps and options. Participants evaluate hedging strategies through practical examples and learn the basics of hedge accounting and governance.

5 days Classroom or live online English
Smart Horizon Certified - Global Leadership Consultants
Take the course details with you.

Download the full standard outline: why attend, methodology, objectives, audience, competencies, the daily outline and current plans.

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Why attend

From knowledge to real-world impact.

Choosing the wrong hedge, or none at all, can expose your organisation to significant losses. This course helps you understand the instruments and design practical, well-governed hedging programmes.

Workplace challenges

Professional Problems This Course Is Designed to Solve

The programme explores practical approaches to the following challenges. Results depend on how the learning is applied in your organisation.

  • Difficulty translating subject knowledge into practical workplace decisions.
  • Inconsistent approaches to the activities covered in the course outline.
  • Lack of a structured plan for applying and reviewing new skills.
Course methodology

How you will learn.

The course uses exposure analysis exercises, instrument pricing examples, strategy comparisons, case studies and hedging policy workshops.

Course objectives

What you'll take away.

By the end of this course, participants will be able to:

  • Identify transaction, translation and economic exposures
  • Set hedging objectives and hedging policy
  • Use forwards, futures and swaps effectively
  • Understand options and option-based strategies
  • Evaluate and compare hedging strategies
  • Understand hedge accounting basics and governance
Target audience

Who should attend.

This course is suitable for:

  • Treasury managers and analysts
  • CFOs and finance managers
  • Risk managers
  • Procurement professionals buying commodities
  • Bankers advising corporate clients
Target competencies

Capabilities you will build.

Participants will develop competencies in:

  • Exposure analysis
  • Derivative instruments
  • Hedging strategy design
  • Hedging policy
  • Hedge effectiveness
  • Treasury governance
Course outline

Your learning journey.

A focused, practical outline with time to explore, apply and reflect.

Day 1Understanding Exposures

  1. 09:00–09:54Currency, interest rate and commodity risk
  2. 09:54–10:48Transaction, translation and economic exposure
  3. 10:48–11:00Measuring exposures
  4. 11:00–11:30Coffee break
  5. 11:30–12:12Measuring exposures (continued)
  6. 12:12–13:06Natural hedging
  7. 13:06–14:00Exercise: Exposure identification

Day 2Forwards, Futures and Swaps

  1. 09:00–09:54Forward contracts
  2. 09:54–10:48Futures and margining
  3. 10:48–11:00Interest rate and currency swaps
  4. 11:00–11:30Coffee break
  5. 11:30–12:12Interest rate and currency swaps (continued)
  6. 12:12–13:06Pricing basics
  7. 13:06–14:00Lab: Hedging with forwards and swaps

Day 3Options and Structured Hedges

  1. 09:00–09:54Calls, puts and option pricing intuition
  2. 09:54–10:48Collars and participating structures
  3. 10:48–11:00Costs and risks of complex products
  4. 11:00–11:30Coffee break
  5. 11:30–12:12Costs and risks of complex products (continued)
  6. 12:12–13:06Choosing between instruments
  7. 13:06–14:00Exercise: Option strategies

Day 4Hedging Programmes

  1. 09:00–09:54Hedging objectives and ratios
  2. 09:54–10:48Layered hedging
  3. 10:48–11:00Counterparty and liquidity considerations
  4. 11:00–11:30Coffee break
  5. 11:30–12:12Counterparty and liquidity considerations (continued)
  6. 12:12–13:06Performance measurement
  7. 13:06–14:00Case study: A commodity hedging programme

Day 5Policy, Accounting and Governance

  1. 09:00–09:54Hedging policy content
  2. 09:54–10:48Hedge accounting overview
  3. 10:48–11:00Controls and segregation of duties
  4. 11:00–11:30Coffee break
  5. 11:30–12:12Controls and segregation of duties (continued)
  6. 12:12–13:06Reporting to the board
  7. 13:06–14:00Capstone: Hedging policy and strategy

The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.

Dates & venues

Find a session that works for you.

Confirmed dates accept registration requests. Tentative dates are enquiry only.

Dubai 16 Nov - 20 Nov 2026
Confirmed dates
€3,150.-Register
Online Live virtual classroom 16 Nov - 20 Nov 2026
Confirmed dates
€1,250.-Register
Rome 23 Nov - 27 Nov 2026
Confirmed dates
€2,450.-Register
Online Live virtual classroom 23 Nov - 27 Nov 2026
Confirmed dates
€1,250.-Register
Frankfurt 7 Dec - 11 Dec 2026
Confirmed dates
€2,650.-Register
Online Live virtual classroom 7 Dec - 11 Dec 2026
Confirmed dates
€1,250.-Register
Kuala Lumpur 14 Dec - 18 Dec 2026
Confirmed dates
€1,450.-Register
Online Live virtual classroom 14 Dec - 18 Dec 2026
Confirmed dates
€1,250.-Register
Paris 4 Jan - 8 Jan 2027
Confirmed dates
€2,860.-Register
Online Live virtual classroom 4 Jan - 8 Jan 2027
Confirmed dates
€1,250.-Register
Istanbul 18 Jan - 22 Jan 2027
Confirmed dates
€2,650.-Register
Online Live virtual classroom 18 Jan - 22 Jan 2027
Confirmed dates
€1,250.-Register
Amsterdam 1 Feb - 5 Feb 2027
Confirmed dates
€2,540.-Register
Online Live virtual classroom 1 Feb - 5 Feb 2027
Confirmed dates
€1,250.-Register
Singapore 15 Feb - 19 Feb 2027
Confirmed dates
€2,820.-Register
Online Live virtual classroom 15 Feb - 19 Feb 2027
Confirmed dates
€1,250.-Register
Vienna 22 Feb - 26 Feb 2027
Confirmed dates
€2,940.-Register
Online Live virtual classroom 22 Feb - 26 Feb 2027
Confirmed dates
€1,250.-Register
London 1 Mar - 5 Mar 2027
Confirmed dates
€2,450.-Register
Online Live virtual classroom 1 Mar - 5 Mar 2027
Confirmed dates
€1,250.-Register
Dubai 15 Mar - 19 Mar 2027
Confirmed dates
€3,150.-Register
Online Live virtual classroom 15 Mar - 19 Mar 2027
Confirmed dates
€1,250.-Register
Frankfurt 5 Apr - 9 Apr 2027
Confirmed dates
€2,650.-Register
Online Live virtual classroom 5 Apr - 9 Apr 2027
Confirmed dates
€1,250.-Register
Kuala Lumpur 19 Apr - 23 Apr 2027
Confirmed dates
€1,450.-Register
Online Live virtual classroom 19 Apr - 23 Apr 2027
Confirmed dates
€1,250.-Register
Rome 26 Apr - 30 Apr 2027
Confirmed dates
€2,450.-Register
Online Live virtual classroom 26 Apr - 30 Apr 2027
Confirmed dates
€1,250.-Register
Paris 3 May - 7 May 2027
Confirmed dates
€2,860.-Register
Online Live virtual classroom 3 May - 7 May 2027
Confirmed dates
€1,250.-Register
Istanbul 17 May - 21 May 2027
Confirmed dates
€2,650.-Register
Online Live virtual classroom 17 May - 21 May 2027
Confirmed dates
€1,250.-Register
Amsterdam 7 Jun - 11 Jun 2027
Confirmed dates
€2,540.-Register
Online Live virtual classroom 7 Jun - 11 Jun 2027
Confirmed dates
€1,250.-Register
Singapore 21 Jun - 25 Jun 2027
Confirmed dates
€2,820.-Register
Online Live virtual classroom 21 Jun - 25 Jun 2027
Confirmed dates
€1,250.-Register
Cape Town 28 Jun - 2 Jul 2027
Confirmed dates
€1,890.-Register
Online Live virtual classroom 28 Jun - 2 Jul 2027
Confirmed dates
€1,250.-Register
London 5 Jul - 9 Jul 2027
Confirmed dates
€2,450.-Register
Online Live virtual classroom 5 Jul - 9 Jul 2027
Confirmed dates
€1,250.-Register
Dubai 19 Jul - 23 Jul 2027
Confirmed dates
€3,150.-Register
Online Live virtual classroom 19 Jul - 23 Jul 2027
Confirmed dates
€1,250.-Register
Frankfurt 2 Aug - 6 Aug 2027
Confirmed dates
€2,650.-Register
Online Live virtual classroom 2 Aug - 6 Aug 2027
Confirmed dates
€1,250.-Register
Kuala Lumpur 16 Aug - 20 Aug 2027
Confirmed dates
€1,450.-Register
Online Live virtual classroom 16 Aug - 20 Aug 2027
Confirmed dates
€1,250.-Register
Cape Town 30 Aug - 3 Sept 2027
Confirmed dates
€1,890.-Register
Online Live virtual classroom 30 Aug - 3 Sept 2027
Confirmed dates
€1,250.-Register
Paris 6 Sept - 10 Sept 2027
Confirmed dates
€2,860.-Register
Online Live virtual classroom 6 Sept - 10 Sept 2027
Confirmed dates
€1,250.-Register
Istanbul 20 Sept - 24 Sept 2027
Confirmed dates
€2,650.-Register
Online Live virtual classroom 20 Sept - 24 Sept 2027
Confirmed dates
€1,250.-Register
Amsterdam 4 Oct - 8 Oct 2027
Confirmed dates
€2,540.-Register
Online Live virtual classroom 4 Oct - 8 Oct 2027
Confirmed dates
€1,250.-Register
Singapore 18 Oct - 22 Oct 2027
Confirmed dates
€2,820.-Register
Online Live virtual classroom 18 Oct - 22 Oct 2027
Confirmed dates
€1,250.-Register
London 1 Nov - 5 Nov 2027
Confirmed dates
€2,450.-Register
Online Live virtual classroom 1 Nov - 5 Nov 2027
Confirmed dates
€1,250.-Register
Barcelona 8 Nov - 12 Nov 2027
Confirmed dates
€2,840.-Register
Online Live virtual classroom 8 Nov - 12 Nov 2027
Confirmed dates
€1,250.-Register
Dubai 15 Nov - 19 Nov 2027
Confirmed dates
€3,150.-Register
Online Live virtual classroom 15 Nov - 19 Nov 2027
Confirmed dates
€1,250.-Register
Frankfurt 6 Dec - 10 Dec 2027
Confirmed dates
€2,650.-Register
Online Live virtual classroom 6 Dec - 10 Dec 2027
Confirmed dates
€1,250.-Register
Kuala Lumpur 13 Dec - 17 Dec 2027
Confirmed dates
€1,450.-Register
Online Live virtual classroom 13 Dec - 17 Dec 2027
Confirmed dates
€1,250.-Register

Good to know

A few things to know.

How is the course delivered?

Our classroom programmes combine facilitated discussion, case studies, exercises and reflection. The precise format will be confirmed before enrolment.

Can you deliver this programme for our team?

Yes, you can enquire about a tailored programme. Share your goals, group size and preferred dates with our learning team.

Will I receive a certificate?

Participants who complete the programme receive a Smart Horizon certificate of attendance. Smart Horizon programmes are not externally accredited and do not award a professional qualification, licence or designation. Where a course title or outline refers to a professional certification (for example, AACE International's Certified Cost Professional), the programme supports learning and preparation only; the credential itself is awarded solely by the relevant professional body under its own application and examination requirements.

What should I confirm before booking travel?

Please confirm the session, exact venue, accessibility arrangements, fees and any visa requirements with the team before arranging travel. Tentative dates are not confirmed sessions.

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