Hypothetical FX Hedging

To become proficient in any skill, including currency risk management, practice makes perfect. To help companies practice, FX Initiative’s Foreign Exchange Transaction Simulator addresses a wide variety of FX scenarios by stress-testing hypothetical FX hedging strategies.

This interactive risk modeling tool illustrates the economics and accounting of the most common hedging strategies for underlying foreign exchange exposures such as revenues, expenses, receivables, and payables. You can simply input your company specific and foreign exchange market variables, and then select your hedging strategy, which includes not hedging or hedging with a forward contract, vanilla option or zero cost collar.

The resulting output is a highly detailed interactive FX risk analysis that charts the economic payoff of your selected hedging strategy, ranks the alternative hedging strategies, and reports the accounting journal entries and t-accounts with authoritative references to U.S. generally accepted accounting principles (GAAP). Behind the scenes, our robust pricing engine and database simplifies the risk analysis process for you so you can focus on the bottom line impact to your business.

This versatile tool transforms 16 inputs into one information rich analysis in 3 easy steps.

• Step 1 is to select (1) the Underlying Exposure and input the related variables of (2) Functional Currency, (3) Foreign Currency, (4) Underlying Notional Amount, (5) Beginning Exchange Rate, (6) Currency Quoting Convention, (7) Start Date, (8) End Date and (9) the Day Count.
• Step 2 is to select a (10) Hedging Strategy and input the related variables of (11) Hedge Ratio %, (12) Domestic Interest Rate, (13) Foreign Interest Rate, (14) Implied Volatility, and (15) the Collar Range.
• Step 3 is to forecast (16) the ending exchange rate to see how positive and negative changes in exchange rates impact the cash flow and financial reporting of your selected hedging strategy.

This FX risk management web application customizes strategies and can be modified efficiently and effectively. For example, if you want to change your underlying exposure or hedge strategy, it’s as simple as one-click. If you want to know which strategy yields the best outcome, all 4 strategies are ranked for you automatically. If you want to see how the default or elective accounting treatment differ, the journal entries and t-accounts are instantly presented side-by-side. This Foreign Exchange Transaction Simulator acts as your own personal quantitative analyst, and puts you in a positions to make a qualified foreign exchange risk management decisions.

To begin practicing hypothetical FX hedging, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com.

Promoting Business Best Practices

Join us and learn business best practices safely from home. WindyCityWebinars.org is a student led project from FX Initiative that promotes the highest caliber, most innovative continuing professional education (CPE) for lifelong learning. Our CPE webinars help professionals and organizations stay current on the latest regulations, developments, and trends in finance, accounting, and related business industries while earning CPE credits to maintain professional credentials.

Our teaching approach balances:

• Business school academic theory
• Practical strategies for implementation
• Examples to illustrate key concepts
• Audience polling questions
• Question and answer sessions

We invite you to attend a learning session as we fulfill our mission to keep learning alive and accessible to all during the pandemic and beyond. Our webinars cover a broad range of useful knowledge, skills, and abilities that enhance professional competence. Our objective is to ensure that knowledge is not only transferred and retained, but reinforced and practiced, enhancing each participant’s confidence in their ability to improve performance and profitability. Register here >

Supporting Student Opportunities

FX Initiative is pleased to offer Student Opportunities for WindyCityWebinars.org, a student supported remote learning platform that helps companies promote their brand and showcase their expertise with continuing professional education (CPE) webinars. Join us as we facilitate collaborative projects to create educational webinars between corporate sponsors and student leaders. We offer students unique opportunities to create webinars with sponsors to grow your network and gain useful knowledge.

Are you an undergrad or graduate student looking to upgrade your business skills and grow your network? You are invited to apply for this opportunity! Windy City Webinars is a remote learning platform designed to safely serve the professional development and networking needs of the Chicago business community by sharing business best practices and industry insights with students and professionals. Students work with a corporate sponsor on creating a highly engaging and educational webinar project.

Our portfolio projects aim to connect you to internship and employment opportunities by showcasing your learning abilities, skill sets, and work ethic to the Chicago business community. If accepted, you'll be a part of a robust community of diverse students and produce high quality projects. To help to identify and plan out your potential project, submit your application online at https://www.windycitywebinars.org/students.html or request a copy of our Student Opportunities guide by emailing info@windycitywebinars.org.

Serving Corporate Sponsors

FX Initiative is pleased to present our 2020 Sponsorship Guide for WindyCityWebinars.org, a student supported remote learning platform that makes it simple to promote your brand and showcase your expertise with continuing professional education (CPE) webinars. We are excited for you to participate and enjoy the recognition our sponsors receive as we facilitate collaborative projects to create engaging educational webinars between corporate sponsors and student leaders to realize synergies and foster community. 

Our dynamic Sponsorship Opportunities help to showcase your firm even better in 2020. Each sponsorship level has been tailored to offer significant value based on the frequency of webinars you would like to offer, with Platinum (monthly), Gold (quarterly), and Silver (individual) levels of Sponsor Commitment. The logo of each sponsor is promoted on the WindyCityWebinars.org website, email invitations, and promotional materials to ensure your organization’s brand is positioned prominently in front of clients and prospects.

By sponsoring WindyCityWebinars.org, you are helping fulfill our mission is to keep learning alive and accessible to all during the COVID-19 pandemic and beyond. Your contribution helps us provide students with unique opportunities to assist with webinar projects to gain work experience, explore career paths, develop and refine skills, network with professionals, and acquire knowledge and confidence as they transition into the workforce. To request your 2020 Sponsorship Guide, please email info@windycitywebinars.org.

WindyCityWebinars.org Walkthrough

Welcome to this walkthrough of WindyCityWebinars.org! FX Initiative is pleased to announce the launch our student supported remote learning platform that makes it simple to promote your brand and showcase your expertise with continuing professional education (CPE) webinars. To get the most out of the website, we invite you to explore three key sections:

Students (https://www.windycitywebinars.org/students.html)

Students are invited to join our team and build a better resume by working with a corporate sponsor on creating a webinar “portfolio project” for Windy City Webinars. Each webinar is enhanced by students using knowledge from their academic major, and our goal is to help students gain work experience, explore career paths, develop skills, network with professionals, and acquire knowledge and confidence as they transition into the workforce. If you are a student looking to upgrade your business skills and grow your network, click here to join our team >

Sponsors (https://www.windycitywebinars.org/sponsors.html)

Corporations and business leaders are invited to sponsor CPE credit eligible webinars on business topics that complement your firm’s products & services and support your training & marketing objectives. Our remote learning platform allows you to collaborate with our student team to offer CPE credit webinars that comply with NASBA licensing regulations to meet the ongoing professional development needs of your employees, clients, and prospects. If you are interested in branding, recognition, and visibility for your organization's services, click here to be a sponsor >

Sessions (https://www.windycitywebinars.org/sessions.html)

Professionals are invited to learn business best practices and earn CPE credits to maintain credentials by attending sponsored webinars. We cover several fields of study including accounting, finance, economics, and more. As a member of the National Association of State Boards of Accountancy (NASBA) National Registry of CPE Sponsors, we issue CPE credits in all 50 states to allow our audience to safely and remotely attend learning sessions anywhere and anytime. If you are a business professional seeking to refine and sharpen your skills, click here to attend a session >

Windy City Webinars mission is to keep learning alive and accessible to all during the COVID-19 pandemic and beyond. We are a community of corporate sponsors and business students focused on educating peers and maximizing exposure to sell professional services. Students, sponsors, and professionals are invited to join us at WindyCityWebinars.org >

Student & Sponsor Synergies

In only 3 months, the COVID-19 pandemic has shifted the majority of in-person classrooms and conference rooms to online learning platforms and video based communications. While we are grateful for the technology innovations that have made this transition possible, we are mindful progress remains. In listening to our community, sentiment among students and professionals shows that engagement with classmates and colleagues feels distant. WindyCityWebinars.org is providing a solution.

We facilitate collaborative projects to create continuing professional education (CPE) webinars between corporate sponsors and student leaders to realize synergies and foster community. From real world and case study examples to academic theory, we work with sponsors to create CPE credit eligible webinars on business topics that complement products & services and support training & marketing objectives. Each webinar is enhanced by students using knowledge from their academic major.

During this period of isolation, it is clear that students and professionals alike are seeking creative ways to keep learning alive and communities thriving. WindyCityWebinars.org believes that investing in people is paramount to success. To that end, we warmly invite business leaders to invest in a CPE webinar project. As Napoleon Hill famously stated, “Within every adversity is the seed to an equal or greater benefit.” To learn about sponsor benefits, contact info@windycitywebinars.org.

Virtual Learning & Networking

WindyCityWebinars.org makes it simple to promote your brand and showcase your expertise with continuing professional education (CPE) webinars. We are a community of Chicago professionals and business students focused on educating peers and maximizing exposure to sell professional services. Our remote learning platform allows you to offer CPE credit webinars that comply with NASBA licensing regulations to meet the ongoing professional development needs of your employees, clients, and prospects.

Windy City Webinars was created in collaboration with DePaul University’s ICS 394 strategic entrepreneurship class during the spring of 2020. Our mission is to keep learning alive and accessible to all during the COVID-19 pandemic and beyond. We provide students unique opportunities to assist with webinar projects to gain work experience, explore a variety of career paths, develop and refine skills, network with professionals, and acquire knowledge and confidence as they transition into the workforce.

As a member of the National Association of State Boards of Accountancy (NASBA) National Registry of CPE Sponsors, we are authorized to issue CPE credits in all 50 states. This allows our audience to safely and remotely attend learning sessions from anywhere in the United States. Windy City Webinars is an unparalleled resource to support you in creating and promoting CPE programs that share thought leadership and raise brand awareness. To get started, contact info@windycitywebinars.org.

Involving Student Interns

FX Initiative is pleased to welcome and support student interns in summer 2020. Internships are designed to help students add substantive and unique experience to their resumes. Our goal is to provide students with opportunities to gain work experience, explore career paths, develop and refine skills, network with professionals, and build confidence as they earn compensation and transition into the workforce.

To facilitate our internship program this summer, we are participating in DePaul’s Coleman Entrepreneurship Center's Startup Internship Program, which gives undergraduate students hands-on experience working closely with founders on specific projects at a local Chicago startup. The 2020 summer internship program is a remote opportunity to help stay engaged in meaningful work during the COVID-19 pandemic.

These internships are designed to be experiential learning opportunities for students and a chance to see first-hand the challenges that startups face. Interns will be working on significant tasks that contribute to the success of the organization. Areas of involvement include performing market research, creating educational content, developing marketing and sales strategies, and enhancing website functionality.

FX Initiative remains committed to keep learning alive and accessible to all with continuing professional education (CPE) programs that promote business best practices. With a focus on the Chicago community, we welcome business leaders and corporate sponsors to contact us about working with our student interns on innovative CPE training and marketing initiatives. To learn more, contact support@fxinitiative.com.

Windy City Summit Webinar

With the cancellation of the 2020 Windy City Summit, our originally planned live learning session will be held remotely. Registration for this program is open to the public. If you are a Windy City Summit sponsor or attendee and would like to learn more about remote learning opportunities, please contact us at support@fxinitiative.com.

Please join us for this educational webinar on Mastering Currency Risk Management, which addresses best practices on how to identify, analyze, execute, and optimize a foreign exchange (FX) risk management program. This informational session covers the fundamental concepts of corporate foreign exchange (FX) risk management, including how to assess a firm’s FX risk profile using a step-by-step analysis framework, the four approaches for managing FX risk, the impact FX risk has on the financial statements, and key terminology and takeaways for building a world class FX risk management program.

LEARNING OBJECTIVES

1. Discover how leading multinational corporations identify foreign exchange (FX) risk, including transaction, translation, and economic risk.
2. Explore how to analyze FX risk management strategies, including balance sheet hedging, cash flow hedging, and net investment hedging.
3. Identify key considerations when executing FX risk management plans, including the importance of strategy, policy, and financial reporting.
4. Recognize approaches to optimizing FX risk management plans by investing in personnel, resources, and operations to improve results.

We are a Chicago based organization, and similar to the Chicago Fire of 1871, we are committed to offering a rewarding “silver lining” experience by salvaging the summit’s valuable learning opportunities. Please join our webinar on Wednesday, May 20th 2020 on Mastering Currency Risk Management by registering here.

Supporting Student Portfolio Projects

WindyCityWebinars.org, a remote learning project in development with FX Initiative and DePaul’s Coleman Entrepreneurship Center, is pleased to share our Student Application to complete a webinar portfolio project related to their academic major. Portfolio projects are designed to connect students with internship and employment opportunities by showcasing their learning abilities, skillsets, and work ethic to create educational programs presented to the Chicago business community.

Webinar portfolio projects are designed for ambitious students looking for a structured experience to help add something substantive and unique to their resumes and portfolios in summer 2020. With more and more internships cancelled, jobs on hold, and a summer in flux, this opportunity is meant to provide an approach for students to effectively use their summer and participate meaningfully in a community of professionals to gain experience and unlock potential opportunities in the future.

Students will be part of a robust and diverse community producing high quality continuing professional education (CPE) programs in business fields of study. WindyCityWebinars.org is focused on creating win-win-win outcomes that benefit our student contributors, corporate sponsors, and community of professionals as we fulfill our mission to keep learning alive and accessible to all during the COVID-19 pandemic.

All college students are welcome to apply. This interest form is designed to provide background information on student applicants to help identify and plan out each webinar project. Students should expect to spend 10-15 minutes answering the 10 questions. To get started, complete the application using the link below to be considered for this unique opportunity with WindyCityWebinars.org.

Student Application - Webinar Portfolio Project: https://forms.gle/NiQ1RAiTS3tKE6M69