ACF Academy
Markets Training Training
Category:
 Markets Training
Targeted Audience:
 Anyone working in banking and finance
Prerequisites:
 None
CPE Credits:
 14 hours
Course Level:
 Foundation
 
Date  DurationCostVenueRegister
8-9 Aug 2018  2 days£1925.00London

Capital Markets for HR Professionals

This unique two-day seminar is designed to give HR professionals an invaluable insight into the capital and derivatives markets. Each topic will be explained in a clear and helpful way, so that delegates can interpret the jargon, understand how each product works, and appreciate the role their organisation plays within the capital markets as a whole.

The seminar will help delegates to:
 
  Obtain a clear overview of the purposes and functioning of the international capital markets
  Understand the various capital markets products and how they fit together
  Explore the range of derivative products, and why they are used
  Appreciate the relationships between different markets and products
  Obtain first-hand experience of each topic through interactive workshops, case studies, and simulation
 
Hot Topic  The Credit Crunch – causes and future impact.
 
After attending the seminar, delegates will be better able to discuss meaningfully the needs of practitioners in the line, and deliver more effective solutions to their development needs.

 
Course Outline
   
 Understanding Time Value of Money
   
TVM key concepts
Special features of financial calculators
Present and future values
Simple vs. compound interest
Interest and discount factors
Discounted cash flows and NPV
TVM Exercise
   
 Understanding the Yield Curve
   
What is the yield curve?
What gives the yield curve its shape?
The normal yield curve
Upward and downward sloping yield curves
Forward rates
Why the yield curve is important
The yield curve right now
   
 Foreign Exchange and Money Markets
   
Spot and forward FX markets
How FX rates are quoted
What drives the spot market
The future of the Euro
Discount vs. coupon securities
Interbank deposits and CDs
Bills and the CP market
How instruments are quoted
LIBOR and the LIBOR scandal
Recent events in the FX market
   
 The Fixed Income Market
   
Key features of bonds
The US Treasury market
Bunds, JGBs, OATs, BTPs and Gilts
The sovereign debt crisis
Corporate bonds
Bond rating
The high-yield market
Price and yield
What duration and convexity is all about
The money and bond markets right now
   
 
   
 The Equity Market
   
International equity markets
Types of equity product
IPOs, rights, scrip, and convertibles
How equities are valued
Stock indices
Equities trading session
   
 Futures
 
Futures exchanges and futures contracts
Interest rate, bond, and stock-index futures
How margining works
Using futures to hedge risk
What "cash and carry" means
How futures can transform a bond into a share
   
 Swaps
   
Swaps – the workhorse of the derivatives market
How interest rate swaps work
Currency swaps
Equity and commodity swaps
SEFs and central counterparties
Who uses swaps
Vanilla swaps, and other flavours
Using swaps to hedge interest rate risk
Fixing financing costs and investment returns
How borrowers can use an interest rate swap
   
 Options
   
Why options are different
Options jargon
Calls and puts; buying and selling
American vs. European style
Intrinsic and time value
Hockey sticks and payoff profiles
What volatility is all about
Why volatility smiles
The "Greeks"
Using a call option
   

 

NB All practical sessions are highlighted like this:
means a Workshop or Simulation
means a Case study
 
Accreditation


 

"Detailed and thoroughly covered the features of derivatives, and the virtual trading simulation gave me good understanding."

– Shoko K.