Indian Institute Of Quantitative Finance

Currency derivatives are contingent claim financial instruments whose value depends on some underlying currency pair exchange rates. Currency derivatives are widely used by many large and medium enterprises with exposure to foreign currencies to hedge their Forex risks.

Econometrics is the application of mathematics and statistics to quantify economic phenomena and give empirical content to economic relationships. The most basic statistical tool used in Econometrics is the multiple linear regression models.

In business people regularly have to deal with situations where they have to make some decisions after analyzing some data. In such cases they often build a spreadsheet model of their problems.

Credit Risk is defined as the risk of financial loss on a debt resulting from a borrower's failure to meet the contractual obligations and make the required payments on time.

International Financial Reporting Standard 9 (IFRS 9), published by the International Accounting Standards Board (IASB), addresses the accounting for financial instruments.