Description

For our current public Derivatives course click here. 

This 2-day programme run by a former senior City banker is designed primarily for banking professionals or those who either consult companies on how to manage their FX and interest rate exposures or are involved in corporate treasury and risk management functions. 

You will learn about risk management products including FRAs, swaps, futures and options. You will also explore the fundamentals of mark-to-market, cash flow and arbitrage-free approaches and gain tools to derive consistent valuation methodology for linear and non-linear derivatives.

 This very hands-on course includes many practical exercises and computer-based demonstrations where you will have a chance to learn the latest strategies to manage FX and interest rate exposures.

Course Level: General to Intermediate

Main Topics Covered During This Training

• Overview of the current derivatives market 
• Defining derivatives and their function
• Explaining forwards and forward rate agreements FRAs
• Short-term interest rate futures
• Credit derivatives
• Pricing swaps
• Uses of interest rate and currency swaps
• Futures of government bonds
• Defining and pricing options
• Interest rate and currency options
• Equity options

What Will You Learn By The End Of This Training

 By the end of this training you will:

• Gain a sound practical understanding of derivatives instruments
• Know the fundamental applications of swaps, forwards, futures and options as well as credit derivatives and equity options
• Be able to use relevant pricing strategy 
• Estimate risk and return measures in fixed income portfolios
• Construct a pay/off profile of different options
• Understand trading and hedging techniques for options

Who Should Attend

From Investment Banks, Corporates and other financial institutions - Managers and Professionals from the following departments:

• Risk Management
• Interest Rate Analysts, Sales and Traders
• Currency Analysts, Sales and Traders
• Auditors
• Financial Analysts
• Portfolio Managers
• Treasury Managers

And anyone who has an exposure to derivatives or FX and interest rates. 

Teaching Method

This is a very interactive course with many exercises, classroom discussions and case studies. You will benefit from comprehensive take away course documentation.

 

Case Study: Applying derivatives structures onto a risk grid

 

 

 

Case Study: Delegates will hedge a position using FRAs

 

 

 

Video: Chicago Board of Trade (CBOT)

 

 

 

Case Study: Using Credit Derivatives to improve risk returns

 

 

• Market overview
• Comparative advantage and the classic swap
• Swap price quote conventions
• Converting from one price quoting basis to another

• Background to the plain vanilla swap
• Rationale for cross currency swaps
• Cross currency basis swaps
• Practical considerations

• The contract specification
• Conversion/price factors
• Finding the cheapest to deliver bond – implied repo rates
• Risk and return measures in fixed income portfolios
• Understanding the basis

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 December 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. His list of clients includes JP Morgan, Goldman Sachs, Credit Suisse, Societe Generale, Deutsche Bank, Merrill Lynch, Morgan Stanley, Barclays Capital among others.

Early Bird £1795 + VAT. Save £200!

Regular price £ 1950 + VAT

2 people - 5% discount, 3 people - 10%. Delegates have to be from the same company and book at the same time. 

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If you have a team of 4 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.