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Introduction to Investment Banking
In-house
Description
This practical 2 day course run by a former City banker is designed to give delegates who have little or no existing financial banking background an insight into the structure of investment banking and to provide them with an understanding of the different operations and market practices.
The course will explain the role and structure of an investment bank and its various departments and functions including debt and equity financing, proprietary trading, broking services, syndicated lending, structured products, M&As and wealth management and others.
Delegates will learn about front, middle and back office functions and different types of risks which banks have to manage. The second part of the course will analyse financial instruments including equities, bonds, derivatives and OTC markets.
Main Topics Covered During This Training
- The structure and role of an investment bank
- Analysing bank's clients including corporations, pension funds, hedge funds, and prime brokers
- The meaning of Basel II and capital adequacy
- Banks departments and services including debt and equity financing, proprietary trading, broking services, wealth management, analysis, syndicated lending and others
- The function of front, back and middle office
- Types of risks: market, legal, systematic, operation al etc.
- Main types of markets and their function
- Analysis of financial products: bonds, equities, derivatives, structured products
- Money markets
- Value at Risk and its meaning
What Will You Learn By The End Of This Training
By the end of this course you will have a solid understanding of the structure and role of investment banks, their function in the market, types of clients and services.
You will also understand different types of financial instruments and risks that investment banks are facing and what they have to do to manage them.
Who Should Attend
Anyone who begins their career in the investment banking or financial sector in general and wants to understand basic functions and role of banks as well as main financial instruments they use.
Teaching Method
This is a very practical course with some real life case studies and exercises. A short test will be conducted at the end of the course in order to consolidate participants' knowledge.
No previous financial knowledge is required in order to take part in this course.
This is one of our most popular courses and places are reserved on the first come, first accepted basis. We advise to book in advance to avoid disappointment.
Part I: THE STRUCTURE AND ROLE OF AN INVESTMENT BANK
This section provides an explanation of the role and structure of an investment bank. It looks at the various departments within a bank and shows how they operate to meet client’s needs or the banks own needs.
Investment banking in context
- What is an investment bank?
- Comparisons with clearing, custodian and private banks
- How is an investment bank capitalised?
- What is the significance of Basel 11 accord?
- Capital adequacy requirements
Who are the investment banks clients, what are their needs?
- Buy side - corporations, traditional pension and insurance funds
- Governments, governmental agencies, high net worth individuals
- Hedge fund and prime brokerage
- Sell side – sales, trading, research, structuring
Bank departments and services
- Debt financing
- Equity financing
- Propriety trading
- Broking services
- Research and analysis
- Wealth management
- Syndicated lending
- Mergers and acquisitions
- Leveraged buys outs
- Structured products
Front, middle, back office operations
- Types of risk – market, legal, systemic, operational
- Liquidity
- Chinese walls
PART II: MARKETS, FINANCIAL INSTRUMENTS, USES AND APPLCATIONS
This section provides an insight into the structure of the different capital markets, the products their uses and applications
Why do clients or investors use the markets?
- Borrowing or lending
- Raising capital
- Risk maanagement
- Speculatation/arbitrage
What are the main markets and products?
- Comparisons, advantages and disadvantages
- OTC markets v exchange based markets
- The role of the clearing house
Financial products
- Bonds – debit
- Fixed coupon, floating, zero coupon
- Importance of the yield curve
- Credit rating agencies
Equities
- Types of equities
- IPO, primary market and secondary market
- Underwriting, hybrid products, listings
Money market
- Interbank market, LIBOR/LIBID – credit spreads
- Near cash instruments
- CPs, CDs, Bills
- Derivatives: futures, options, swaps
- Using derivatives and other instruments in structured products
- Investment bank use of structured products
- CDO market – CLO, CMO, CBO and CDS
VAR – Value at risk
- What is VAR and how is it monitored?
Paul has over 20 years experience of working and teaching in the financial and derivatives industry. Paul joined the London International Financial Futures and Options Exchange (LIFFE) in 1988, spending several years on the exchange trading floor before transferring to LIFFE’s Business Development Department.
During his time at LIFFE, Paul worked in the fields of broker relations, product research and development, marketing, market automation and education. Paul was Head of Education at LIFFE, before leaving in Dec 1998 to pursue a freelance career in financial education and consultancy.
Paul is also a qualified teacher and has extensive speaking experience both in the UK and abroad, covering all the major aspects of financial markets. Paul has taught delegates from virtually all of the worlds leading investment banks, funds and trading houses. The list of clients includes JP Morgan, Goldman Sachs, Deutsche Bank, Barclays Capital, Morgan Stanley and Merrill Lynch among others.
In-house Training
If you have a team of 5 or more this course can be customised and organised in-house at your convenience in any of your offices worldwide. Contact one of our advisors to find out more.
Call us now on +44 (0) 207 993 8597
or send an e-mail to: enquiry@eurekafinancial.com
You may be also interested in our Introduction to Capital Markets course.
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