Outcomes
By the end of this training course, trainees will be able to :
- Distinguish between the various markets trading structures (Over-the-counter and exchange-traded, etc.) and settlement processes.
- Define and describe the Money Market instruments (E.g. T-bills, CDs, CPs, Time deposits etc.) and discuss the current funding rates and the libor transition.
- Identify the main Money Market (MM) players and appreciate the critical role played by money markets in liquidity management.
- Distinguish between the FX markets (spot and forward) and describe the various characteristics of these markets.
- Explain the role of FX in financial economies.
- Explain bonds and the various terms and conditions they usually have.
- Recognize the characteristics of bonds using concepts of duration, convexity and yield.
- Price different types of bonds and apply the concept of time value of money.
- Define the equities and commodities.
- Define derivatives, describe the features and uses of derivatives (Futures, Swaps, Options, Credit Derivatives).
Target Group
- Professionals working in:
- Treasury .
- Risk .
- Capital Management.
- Regulatory Compliance.
- Audit.
Contents
- Overview of Financial Markets Types:
- Difference between exchange-traded and OTC markets and their uses.
- Advantages and disadvantage of exchanges and OTC markets.
- Settlement processes and Central Clearing.
- Money Market and Foreign Exchange Markets and Products:
- Cash instruments and markets.
- Repo markets .
- FX instruments and markets.
- Case study and exercises.
- Bonds :
- Bonds types (by issuer and by coupon payment and other features) .
- Bonds market and trade execution .
- Valuation of bonds.
- Bond sensitivity.
- Practical exercise on bonds valuation and sensitivities.
- Equities and Commodities Markets:
- Types of equities.
- Equity indices .
- Types of commodities.
- Practical exercise on equities valuation and sensitivities .
- Introduction to Derivatives:
- Overview of the products and markets.
- Forward and futures contracts and markets.
- Swaps contracts and markets.
- Options contracts and markets .
- Credit derivatives contracts and markets .
- Cases study.