The seminar consists of the “Investigation into foreign exchange losses at the National Australia Bank, 12 March 2004.”

 

At the end of Intrinsic Value's training seminar on National Australia Bank – FX options the participant should be able to:

􀂅  Describe  the  sequence  of  events  and  trading  activities  that  led  to  the

     losses.

􀂅  Describe the  analysis  of  the  losses  and how they occurred, with an initial

     focus on  foreign  currency  option  transactions  entered  into  on  or after 1

     October 2003.

􀂅  Describe  the  key   policies,   procedures,   systems   and  control   failures 

     within  the  foreign currency  options trading  business  responsible  for  the

     losses.

􀂅  Describe the Impacts on customers and third parties.

􀂅  Discuss the  events  leading  up  to  the  losses,  the  risks  incurred and the

     mitigation processes described.