Recent Workshops | Print |

 June 2015

Consultants of DNA Training & Consulting were hired very recently to provide a valuation opinion for a Lebanese bank regarding a complex FX hedge of that bank’s equity investment in one of its foreign subsidiaries.  Working with quantitative experts from the Lebanese bank, our team needed to model this non-vanilla series of options via Monte Carlo simulation and to determine an appropriate skew for option volatilities at different strikes and tenors, in addition to setting up a model for use on a monthly basis when the position would need to be revalued under IFRS.

The same Lebanese bank returned soon after with a valuation request for certain warrants on the equity of this foreign subsidiary.  This exercise involved another Monte Carlo simulation which centered on the spot prices of the equity and the currency, the volatilities of both, the anticipated dividend yield of the stock, the interest rate of the foreign and Lebanese currencies, the tenor of the warrants and, most problematically, the correlation between the returns on the stock and those on the foreign currency.


June 2011

Banks under Basel 3: Challenges & Changes for Italian FX Dealers Association, Milan

May 2011

Derivatives Workshop for Citigroup, Lagos

February 2011

Derivatives Training for Relationship Managers for Barclays Bank, Dubai

November 2010

Advanced Asset Securitization (in French) for Societe Generale, Paris

June 2010

Derivatives Workshop for Deutsche Bank Europe, London

March 2010

Basle II: Analysis & Implementation for the Institute of Banking Studies, Amman

Jan 2010

Financial Engineering for Citigroup Asia, Shanghai

Jan 2010

Advanced Derivatives Pricing & Hedging for Citigroup Asia, Shanghai

2009 - 2010

Program for Lebanese bankers in association with Ernst & Young, Beirut:

Financial Mathematics & Fixed Income

Pricing & Modeling Treasury Instruments in Excel

Advanced Corporate Finance

Fundamental of Credit Analysis

Advanced Structuring Techniques & Financial Engineering


Feb 2009

Presentation on the Financial Crisis for the CFA Institute, Nicosia


Advanced Credit Derivatives in association with DC Gardner for Société Générale, Paris



Derivatives Insights for the Banco de Crédito e Inversiones, Santiago


Intermediate Credit Analysis for the Institute of Banking Studies, Amman


Asset Securitization, Credit & Equity Derivatives, Forwards, Futures & Options for ABN AMRO London, Singapore, Shanghai, Mumbai


2007 - 2008

Credit Market Crisis, Opportunity Identification for Treasury Sales, Asset Backed Securitization for National Bank of Kuwait, Kuwait


2007 - 2009

Structured Investment Products, Forward, Futures & Options for the Institute of Banking Studies, Amman


2007 - 2008

Structured Investment Products for SAMBA, Riyadh Saudi Arabia

2007 - 2008

Credit Market Crisis for ABN AMRO London, Amsterdam, Singapore, Beijing

2007 - 2008

Derivatives, Credit Derivatives, Advanced Structured Credit & Asset Securitization for bankers, public sectors, insurance bankers, corporate, financial institution bankers, clients for ABN AMRO London, Amsterdam, Frankfurt, Hong Kong, Shanghai, Singapore, Mumbai, Kazakhstan


2007 - 2008

School of FX & Derivatives, Sovereign Debt Management for Citibank Singapore, Istanbul, Gabon


2007 - 2008

Hedge Funds for Risk Managers, Asset Backed Securitization for ABN AMRO Bank, Amsterdam, London, Singapore, Hong Kong



Basle 2 and Structured Credit for Unicredito Bank in association with Calyon Milan Branch, Milan



School of Derivatives for Ceska Sporitelna, Prague



Intermediate Loan Structuring, Bank Audi, Beirut



Asset Backed Securitization, National Commercial Bank, Jeddah


December 2006

Sovereign Debt Management and Arca CD for Calyon, Milan


December 2006

Advanced Structured Credits for Calyon, Milan


November 2006

Capital Markets for Citibank NA, Mumbai


November 2006

Asset Securitization for National Bank of Kuwait, Kuwait


October 2006

Financial Engineering for Citibank NA, Manila


October 2006

Structured Credits for Generali for Calyon, Trieste


September 2006

Analytics Training for ABN AMRO, London


June 2006

Marketing Derivatives for Citibank NA, Kuala Lumpur


June 2006

Advanced Structured Credits for Calyon, Stresa


May 2006

School of FX & Derivatives, Advanced for Citibank SA, Istanbul


April 2006

Advanced Structured Credit Derivatives for ABN AMRO, Amsterdam


February 2006

Derivatives Workshop for Sonatrach for Citigroup, Algeria


April 2005

Real Estate Finance for Cadwalader, Wickersham & Taft, London


March 2005

Private Wealth Management for Emirates Bank, Dubai


February 2005

Contractor Finance for National Commercial Bank, Jeddah


2000 - 2004

Actionable Financial Analysis and Valuation for Investment Decisionmaking, for Goldman Sachs FICC/Equities Division and J.P. Morgan Chase Equities Division, New York