Executive Short Program
Stratégie financière pour décideurs
- Paris – Jouy-en-Josas Campus
- Mar 31 2026, Nov 17 2026
- 4 days
- French
- 6100 €*
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Executive Certificate
Taux, change et matières premières : gérer les risques financiers Taux, change et matières premières : gérer les risques financiers
Understand the dynamics of capital markets and effectively manage your company’s exposure to foreign exchange, interest rate, and commodity risks. This short program provides the frameworks, methods, and tools needed to identify, assess, and design a robust hedging strategy aligned with your operational challenges.
Place(s):
Paris – Jouy-en-Josas Campus
Duration:
2 days
Format:
In-class
Next start(s):
Jun 01 2026
Language(s):
French
Cost:
3 100 €*
Objectives
- Identify and quantify the main foreign exchange, interest rate, and commodity risks faced by companies.
- Master the key tools and techniques used to hedge these various risks.
Program
Spot, forward, options; contango/backwardation; long/short positions; brokers and traders; bid–ask; volatility; arbitrage; settlement; accounting impacts of risk and hedge accounting; regulatory framework (EMIR/MiFID II/CFTC/ISDA agreements).
- Transaction risk
- Balance sheet risk / intercompany loans
- Hedging FX exposure in cross-border M&A operations
- Building a yield curve
- Hedging instruments
- Identifying interest rate risks within a company
- Managing interest rate exposure
- Accounting impacts under IFRS
- Main commodity and energy futures markets
- Understanding links between physical and futures markets (focus on energy)
- Why hedge and how to structure an effective strategy
Profile
Who is this program for? Is it right for you?
Participant Profile
The program is Tailored for: Professionals in banks and financial institutions; Entrepreneurs and business leaders; CFOs, financial controllers, treasurers; Risk managers, auditors, chartered accountants, legal professionals
Prerequisites and Admission Criteria
- A foundational understanding of accounting and corporate finance (income statement, balance sheet, cash flow statement).
- Knowledge of fundamental financial mechanisms (discounting, compounding, interest rates).
- A good command of English is recommended.
Faculty
Franck CEDDAHA
Affiliate Professor, HEC Paris
Understanding FX, interest rate, and commodity risks is not just about mastering market instruments — it’s about making sound financial decisions in an uncertain environment.
Learning methods & evaluations
Pédagogy : Delivered in person, this short program is built around recent real-world case studies and collaborative team exercises to ensure strong individual and collective progress.
Evaluation: The learning outcomes are assessed through case studies, hands-on workshops, and group discussions. Participants will be required to present their analyses and concrete proposals through group work, thereby encouraging the practical application of concepts and the validation of the skills developed.
Registration
Would you like to register? We invite you to:
1. Complete your registration form on our platform by clicking the button below. It will only take a few minutes.
Registration
2. You will receive a response within 7 days of submitting your application.
This program is accessible for people with disabilities. Please contact us if you have any specific requirements or to obtain the Public Accessibility Register.
Tuition Fees and Funding
The program fee includes tuition and meal costs during training hours (lunch and breaks).
Not included: Dinners (except in specific cases), transportation costs, and accommodation costs (except in specific cases).
Funding Options: Depending on your profile and chosen program, several solutions may be available to you. Visit our funding section for more information.
Download the brochure
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*Net price, as HEC Paris is not subject to VAT. The prices indicated may vary depending on the intake dates. When multiple starting dates are available, the price shown corresponds to the first date listed. Program, faculty and course content are also subject to change.
