| Applied Mathematics on Fixed Income Products, Bonds and Futures on Bonds
- Pricing of bonds
- Term structure of interest rates
- Identifying and measuring financial risk
- Bond Futures and hedging techniques
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Practical Applications and Bond Portfolio Management
- Return expectations
- Management Strategies
- Diversification
- Currency as asset class
- Performance contributors and measurement
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Financial Analysis
I. EQUITIES: Definitions, different markets, attributes
II. Stock market quotation and orders
III. Biggest stock markets, biggest indices, Euronext, Luxembourg
IV. How to create a stock index
V. Stocks in portfolio management
VI. Stock market aggregates, Sectorial distribution
VII. Stock market and Equity valuation
VIII. Technical analysis
IX. Relevant websites
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Repos and Swaps
I – REPOS
- Definition
- Flow Chart
- Terms of the agreement
- Collateral
- Margins
- Manufactured dividend
- Market participants
- Repo types
- GC & Special
II – SWAPS
- Definition & characteristics
- Types of swaps
- Market share
- Currency swaps
- CDS example
- IRS characteristics
- IRS cash flows
- IRS quotation
- Curves
- Swap pricing mechanics
- Constructing the short end
- Constructing the long end
- Zero curve examples
- Curve adjustments
- Interpolating the curve
- Intermaturity spreads
- Bond hedging
- Forward starting swaps
- Pricer example
- Currency interest rate swaps
- Beyond plain vanilla swaps
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Options
1. Definitions & terminology
2. Pricing variables
3. Pay-off diagrams
4. Option strategies
5. Case Study
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Structured Products
- Introduction, Options, Yield Curves
- Capital guaranteed structures
- Reverse Convertibles
- Other type of products
- Exercises
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Securities Clearing, Settlement and Custody
- Introduction
- Securities
- Debt Instruments
- Equities
- Entitlements
- Clearing, Settlement & Custody
- Matching
- Clearing
- Settlement
- Custody
- Future Issues
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Risk Management
- The current market turmoil : origin of the crisis and features
- Choosing a risk management strategy
- The Risk Management framework and lessons learned during the crisis
- Organisational and operational aspects for the Risk Management unit
- Market risk, Credit Risk, Operational risk and liquidity risk from the Bank’s perspective
- Risk systems and lessons learned during the crisis
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