IMI Delhi Concludes its Annual Finance Summit, Prahelika 2008

IMI Delhi Concludes its Annual Finance Summit, Prahelika 2008
Post-event Press-release

An important and increasingly indispensable part of complex derivatives market that enables firms to monitor and control their risk exposures viz. derivatives, was taken up by Mr. Patrick Maes, Principal, Investment & Transactional banking, HCL Technologies.

He started off by drawing a parallel with respect to events in the history of derivatives. He focused on two major events: 1993 Bank's Trust - Proctor & Gamble debacle and 2007 Sub-prime induced credit crunch, to bring out the situations in which derivatives are ineffective, i.e., use of derivatives in un-hedged positions, dilution of connection with underlying asset, etc.

The session concluded with Mr. Mann Digvijay Singh encouraging students to live life to the fullest, take risks, be on a look-out for opportunities, and be ready to do different things.

In a nut-shell, IMI Prahelika 2008 acted as a channel to bring forth issues for the young ignited minds of IMI and all associated to spur a broad understanding of the business and management landscape of India.

Concluded.

Contributed by -
Ruchi Dhona, Sumit Aggarwal & Varun S. Pilla,
Media Cell,
IMI, Delhi.

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