Anyone working in the financial markets
12-15 Feb 2019
12-15 Mar 2019
12-15 Mar 2019
8-11 Apr 2019
16-19 Apr 2019
The principal objectives of this intensive four-day seminar are to:
Give delegates a
international financial markets
essential financial products
how each product is used
in the markets
Explain the role of
Consolidate the learning experience by giving delegates
practical hands-on experience
The Credit Crunch – causes and future impact.
After attending this program, delegates will have a clear idea of how the financial market works, and the roles played by the various participants in the market.
Introduction to Financial Markets
This module sets the scene by explaining how each of the major financial markets works, what products are traded, how the markets are inter-related, and the role played by each major participant.
The Development of the Global Markets
Participants in the Markets
Investors, borrowers, and intermediaries
Role of retail, investment and commercial banks
Mutual and hedge funds
Pension funds and insurance companies
Regulation and control
The role of the regulatory authorities
Banking in the 21st century
The Core Businesses
Here we look at the part played by each of the key business units within a financial institution, including the vital support functions. Delegates will be able to see how their role fits within the bank as a whole.
Corporate Finance & Investment Banking
Asset Management and Private Banking
Operations and Compliance
The Trading Function
The Sales Function
Introducing the Cash Markets
An important part of the financial marketplace are the markets for “cash” products – like equities, fixed-income, the money markets, and FX. This module sets-the-scene, and introduces the functioning and purpose of each product.
Capital Markets Overview
The Equities Markets
Research, Valuation, and Sales
The Money Markets
Fixed Income Products
Treasury and corporate bonds
High-yield and emerging market debt
The products in context
Applications for the bank
Applications for clients
Market Dynamics and Trading
This section will feature hands-on practice using our unique
simulator, giving delegates first-hand experience of the dynamics and practicalities of trading, and the roles played by the bank's traders, customers, and the back office.
Quote-driven vs. order-driven markets
Equity Markets and Instruments
The equities markets are an important source of finance for new and established companies. This module explains how the equities markets work, how new issues are brought to the market, and how stocks are traded thereafter.
Review of international equity markets
Type of equity product
Role of the Stock Exchange
The increasing importance of electronic, algo, and high-frequency trading
Auto trades and block trades
Pricing and valuation techniques
Convertibles and warrants
Mergers and acquisitions
Equities trading simulation
Introduction to the Time Value of Money
The time-value-of-money concept is central throughout banking and finance. This module explains TVM concepts, and the principles of discounting and annuities.
Time value of money principles
Present and future values
Interest and discount factors
Simple vs. compound interest
Discounting and compounding
Discounted cash flows
Net present value
Internal rate of return
Understanding the Yield Curve
This module explains what the yield curve is, why it adopts a particular shape, and what are the implications for investors, borrowers, and banks.
Definition of the yield curve
The normal yield curve
Liquidity and expectations hypotheses
Up- and downward sloping yield curves
Yield curve strategies and plays
Analysing the present yield curve
Money Markets and Instruments
This module explains the money markets – the market for short-term debt instruments used by governments, companies, banks, and investors.
Discount vs. coupon securities
Certificates of deposit
LIBOR and the LIBOR scandal
Pricing money market instruments
Discount vs. yield quotations
Comparing short-term investments
Bond Markets and Instruments
The fixed-income markets are one of the most important components of the capital markets, providing long-term finance for governments and corporations. This module explores the issuers, and the types of bond which are issued.
Bonds vs. equities
Bunds, OATs and BTPs
The European sovereign debt crisis
JGBs, UK Gilts
MTNs and Euronotes
FRNs vs. fixed income
The treasury yield curve
Primary vs. secondary market
The Forex market is a global 24 hour $5 trillion-a-day market vital for commerce and trade. This module explains the role and functioning of the FX market, the participants, and the types of transactions which are traded.
Functions and purposes of the FX market
Influences on the market
The future of the Euro
FX spot simulation
Outright forward and swap deals
Relation between spot & forward markets
Impact of interest rates
Quoting forward rates and swap points
Corporate applications for forward and swap transactions
Over the past thirty years, derivatives have revolutionised the management of financial risk, and created huge opportunities for banks and other players in the market. This module explains the types of derivative contract, and how they are used to manage interest rate, currency, equity, and commodity risk.
Interest rate futures
Bond and stock index futures
Using futures to hedge a bond portfolio
Interest rate swaps
Interest rate caps and floors
Hedging risk with derivatives
Credit derivatives have revolutionised the way in which banks and insurance companies manage their exposure to credit risk, and how insurance companies can use these products to diversify and spread their risks.
Credit default swaps
Motivations for using credit derivatives
Using credit derivatives
Overview of Structured Products
This short module provides an insight into structured products, what they offer investors, and how banks can create innovative new structures for their clients.
What is a structured product?
Bonds and notes with fancy payoffs
Guaranteed equity funds
How banks create structured products
Equity-linked principal-protected two-year note
The Role of Risk Management and Compliance
Managing risk is increasingly important. This module analyses the different risks to which banks are exposed, and how these risks are measured and controlled. The role of the regulatory agencies and their relationship to banks is also examined.
What is risk?
Sources of risk in the financial markets
Options for managing risk
The importance of compliance
Money-laundering (how to prevent it)
The role of regulatory authorities
The PRA, BofE, SEC, CFTC, Fed, and BIS
Some financial disasters
Asset and Portfolio Management
An increasingly important function is that of Asset Management and Portfolio Management. In this final session, delegates will learn about balancing risk and return, how performance is measured against industry benchmarks, and about different asset allocation techniques.
Risk and return
Mutual funds, hedge funds, unit trusts
Performance measures and benchmarks
Active vs. passive
Stock picking vs. index tracking
Defining customer objectives
Risk tolerance and risk appetite
Asset allocation techniques
Recent fund performance
NB All practical sessions are highlighted like this:
means a Workshop or Simulation
means a Case study
"This seminar is probably the best professional training in my career. "
– Boris S.
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