FOREX Management Audit 9 & 10, March 2009 By Tommy Seah FCPA, ACIB, CFE,CSI, Member IBBM,MSID OVERVIEW How a French Bank could missed a 5 Billion Euro FRAUD in FOREX and FUTURES Trading? This course is aimed at those who wish to gain an understanding of the management techniques, concepts and practices in Foreign Exchange Management and control. This course is for you who are auditing the bank or somehow have an interest in the management and control of forex activities. It will also appeal to Backroom staff whose nature of work necessitates a good grasp of FOREX and Money Market activities. This is not a general course. It is specially tailored to suit the needs of the Bank Internal Auditors. It provides the Auditor with the necessary concepts, practice and program to conduct an FX Audit. The immediate benefit in attending this coaching session is that you get a complete Audit Programme on FOREX. Understanding the strategies for improving and managing the risk/return profile and performance of forex position is crucial for successful Treasury Management. This coaching session includes a conceptual overview of Treasury Management concepts, such as line distribution, dealer correlation and valuation of position. Key forex inputs and outputs are defined using hands-on exercises with the CFE-In-Practice™ Case Studies. This informative program covers a wide range from product knowledge, elements of risk, return and optimization, control and forex risk management. In other words, learn everything you need to know about managing a Forex department so that profit can be optimized and loss can be recognized. Too many organisation make too much profit to be lost in Forex too quickly too. That is why you need to manage your Forex department actively. OBJECTIVES AND BENEFITS IN ATTENDING On completion of the Coaching Session participants will be able to: • Understand and assess the risk and return of a Forex portfolio • Determine the most attractive exposures from a risk/return perspective • Determine the range and likelihood of future forex portfolio values; given this range and likelihood, determine how much equity or capital is required • Identify the major sources of concentration and diversification in a Forex portfolio • Assess strategies for improving performance of treasury portfolios Day One - (PRODUCT KNOWLEDGE) Is there a fundamental difference between Money Market & Foreign Exchange Market? What is a POSITION? Who controls the position in the bank? What is the best practice in the management of TREASURY LINES? How does Interest Rate Swaps and Currency Swaps work? Should your banks be involved in any of these? Case Studies and discussions. Day Two (Forex AUDIT) What is the correct audit approach? Why use the Systems based approach for forex audit? Where lies the auditor’s safety in a forex audit? What must be the FOREX audit focus? DETAIL COACHING OUTLINE • Data requirements and sources for active Forex management • Default quantification for each obligor and utilization and recovery in the event of default; and an overview of the different sources for this data • Understanding the distinction between MDDR line and FX line • Components of Forex risk • Methods of obtaining default probabilities • Requirements for internal monitoring systems • Determining quantum of loss given default in a Forex portfolio • Criteria for which Forex position will be held in a portfolio or, alternatively, sold to other investors i.e. closing out • An organization's required rate of return and its risk appetite • Policy setting and implementation; investing guidelines, monitoring performance investment tactics, position control and management • Quantification of Forex concentrations (Note: This program will describe and use the widely discussed CFE-In-Practice™ FOREX Case Studies) METHODOLOGY This coaching by a Certified Fraud Examiner consists of

1. CFE-In-Practice
111Tampines Road
Unit No. 07-01
Singapore 535133
SINGAPORE
24 Hours FRAUD Reporting (65) 9106 9872
Website: http://www.cfe-in-practice.com
CFE-In-Practice
Financial Institution Trainer • Certified Fraud Examiner • Corporate Advisory
FOREX Management Audit
9 & 10, March 2009
By
Tommy Seah
FCPA, ACIB, CFE,CSI, Member IBBM,MSID
OVERVIEW
How a French Bank could missed a 5 Billion Euro FRAUD in FOREX and FUTURES
Trading?
This course is aimed at those who wish to gain an understanding of the management
techniques, concepts and practices in Foreign Exchange Management and control. This
course is for you who are auditing the bank or somehow have an interest in the management
and control of forex activities. It will also appeal to Backroom staff whose nature of work
necessitates a good grasp of FOREX and Money Market activities. This is not a general
course. It is specially tailored to suit the needs of the Bank Internal Auditors. It provides the
Auditor with the necessary concepts, practice and program to conduct an FX Audit. The
immediate benefit in attending this coaching session is that you get a complete Audit
Programme on FOREX.
Understanding the strategies for improving and managing the risk/return profile and
performance of forex position is crucial for successful Treasury Management. This coaching
session includes a conceptual overview of Treasury Management concepts, such as line
distribution, dealer correlation and valuation of position. Key forex inputs and outputs are
defined using hands-on exercises with the CFE-In-Practice™ Case Studies. This informative
program covers a wide range from product knowledge, elements of risk, return and
optimization, control and forex risk management. In other words, learn everything you need
to know about managing a Forex department so that profit can be optimized and loss can be
recognized. Too many organisation make too much profit to be lost in Forex too quickly too.
That is why you need to manage your Forex department actively.
OBJECTIVES AND BENEFITS IN ATTENDING
On completion of the Coaching Session participants will be able to:
• Understand and assess the risk and return of a Forex portfolio
• Determine the most attractive exposures from a risk/return perspective
• Determine the range and likelihood of future forex portfolio values; given this range
and likelihood, determine how much equity or capital is required
• Identify the major sources of concentration and diversification in a Forex portfolio
• Assess strategies for improving performance of treasury portfolios
Day One - (PRODUCT KNOWLEDGE)
Is there a fundamental difference between Money Market & Foreign Exchange Market? What
is a POSITION? Who controls the position in the bank? What is the best practice in the
management of TREASURY LINES? How does Interest Rate Swaps and Currency Swaps
work? Should your banks be involved in any of these? Case Studies and discussions.

2. CFE-In-Practice
111Tampines Road
Unit No. 07-01
Singapore 535133
SINGAPORE
24 Hours FRAUD Reporting (65) 9106 9872
Website: http://www.cfe-in-practice.com
CFE-In-Practice
Financial Institution Trainer • Certified Fraud Examiner • Corporate Advisory
Day Two (Forex AUDIT)
What is the correct audit approach? Why use the Systems based approach for forex audit?
Where lies the auditor’s safety in a forex audit? What must be the FOREX audit focus?
DETAIL COACHING OUTLINE
• Data requirements and sources for active Forex management
• Default quantification for each obligor and utilization and recovery in the event of
default; and an overview of the different sources for this data
• Understanding the distinction between MDDR line and FX line
• Components of Forex risk
• Methods of obtaining default probabilities
• Requirements for internal monitoring systems
• Determining quantum of loss given default in a Forex portfolio
• Criteria for which Forex position will be held in a portfolio or, alternatively, sold to
other investors i.e. closing out
• An organization's required rate of return and its risk appetite
• Policy setting and implementation; investing guidelines, monitoring performance
investment tactics, position control and management
• Quantification of Forex concentrations (Note: This program will describe and use the
widely discussed CFE-In-Practice™ FOREX Case Studies)
METHODOLOGY
This coaching by a Certified Fraud Examiner consists of a lively series of short participative
lectures conveyed using plain uncomplicated explanations. Learning will be facilitated
through discussion and case studies. Ample coaching materials will be given to participants
so that these will be constant source of reference to them. Ample time will be allotted for the
transfer of ideas.
Who Should Attend
This program is designed for Internal Auditors,Bank Operations Manager,
Treasury Managers, Credit Managers, Portfolio Managers, Risk
Managers, Accountants, Compliance Officers, Islamic Operations Managers, Training
Managers, Relationship Managers, Fraud Control Officers, Research and Ratings personnel,
Internal Control Officers, All Bank Internal Auditors.
Who have we trained?
CPAs, CFAs, PhDs, ACCAs, LLBs., LLMs, Risk Managers, Compliance Officers, Operations
Managers, Treasury Managers, Training Managers, Relationship Managers, HR Managers,
Internal Control Officers and most Bank Internal Auditors.

3. CFE-In-Practice
111Tampines Road
Unit No. 07-01
Singapore 535133
SINGAPORE
24 Hours FRAUD Reporting (65) 9106 9872
Website: http://www.cfe-in-practice.com
CFE-In-Practice
Financial Institution Trainer • Certified Fraud Examiner • Corporate Advisory
Tommy is someone that you would like to meet and to know. Straight talking, sincere, kind, helpful and
without pretences, he is truly a man of strong conviction and blessed with many practical talents. First
and foremost, he is a World Class hands-on accountant He has worked as an Accountant for some of the
largest companies in the world. He is a tried and tested accountant with a very firm grip on financial
products. Because of his grip on the subject matter, his services in providing technical training is much
sought after by numerous banks in the region, including Germany, Singapore, Malaysia, China, Indonesia,
Philippines and Taiwan. Tommy's other professional achievements would have been the objects of envy
for many of his peers. Some of the better known fact is that he is the only Singaporean that sits on the
ACFE Board of Regents in Texas, USA. In the year 2006, his strategic management skills were put to the
test and his contribution was duly acknowledged when he was elected the ACFE Board of Regents, Vice-
Chairman. Based in Austin, Texas, ACFE is the best recognised and largest Fraud Examination Body in
the world. While in Singapore, he also help founded the CSI World Headquarters, a Digital Forensics
Certification body. To this day, he is the Chairperson Emeritus for the CSI World Headquarters. His
previous work experience includes systems based auditing in an American International Bank, where he
was the Senior Regional Auditor responsible for the Bank's audit in the Asia Pacific region. He has also
held the top executive position of Chief of Internal Audit in a prime offshore bank where his audit duties
cover the Singapore and Hong Kong operations of the bank. He covers all areas of the bank's audit of
operations and IT systems. He also has hands-on practical consulting work experience in many different
global AAA financial institutions.
Private Coaching SessionCourse Fees
Closing Date: 10 February 2009
Course Fees: US$2669/- per pax
Discounts are available for group bookings. Second Participants from the same bank
pays US$1969/- only
Registration after 10th Feb, 2009 pays US$3269/- per pax
Please call CFE-In-Practice Hotline for further details
Telephone : (65) 9106 9872
(Please note that accommodation and air-fare is not included in the course fees.)
All T/T payment must be remitted:
DBS Bank, Shenton Way, Singapore
Current A/c No. 022-900202-8
Account Name: CFE-IN-PRACTICE

4. CFE-In-Practice
111Tampines Road
Unit No. 07-01
Singapore 535133
SINGAPORE
24 Hours FRAUD Reporting (65) 9106 9872
Website: http://www.cfe-in-practice.com
CFE-In-Practice
Financial Institution Trainer • Certified Fraud Examiner • Corporate Advisory
RE GIS T RATI O N FO RM
F O RE X M an ag em e n t Au di t
Ber j aya Tim e Sq u ar e
B u si n es s Cen t r e
9 & 10, March 2009
Program Time: 9:30am to 5:00pm
Participant’s Name: Dr/Mr/Mrs/Ms…………………………………………………………………………………………………….
Designation in Organisation:…………………………………………………………………………………………………………..
Organisation’s Name:
Organisation’s Address:……………………………………………………………………………………………………………….
Participant’s Email:………………………………………………………………………………………………………………………
Contact Phone No.:………………………………………………………………………………………………………………………
Fax No.:
Contact Person’s Name:
I have read and understood and agree to all the booking terms and conditions
Signature……………………………………….. Date
Important Notice
Payments are required with registration and must be received prior to the Coaching Session to guarantee
your place. Walk-in delegates will only be admitted on the basis of space availability at the Coaching Session
and with immediate full payment.
Cancellations & Transfers
If you are unable to attend, a substitute delegate is welcome at no extra charge. Please provide the name and
the title of the substitute delegate at least 2 days prior to the program. A refund less 10% administrative charge
will be made cancellation received in writing 10 working days before the program date. A complete set of
program documentation and a 50% refund will be given for cancellation made 3 working days before program
date. Regrettably, no refund can be made for cancellation made on and or after program. A complete set of
documentation will however be post to you.
The organizer reserves the right to make any amendments and/or changes to the programme, venue, speaker
replacements and/or topics if warranted by circumstances beyond its control.