Introduction

For several years, with the technical expertise of ICMA Luxembourg region, IFBL organizes a high standard one-week residential training seminar in Luxembourg about capital markets and financial instruments. The primary objective of this practically orientated programme is to enable participants to thoroughly deepen their knowledge of the international financial markets, instruments and implications. All of the different training units are held by experts in the respective fields of activity and networking with both trainers and co-participants is considered to be a highly important added-value.

Structure and Content

A basic knowledge of financial mathematics is an absolute prerequisite for the participation to this seminar. Participants are invited to consolidate their knowledge in this field by preparing through the relevant pre-reading documentation which they will receive at least one month prior to the beginning of the seminar. In order to be well prepared in the field of the financial mathematics it may be advisable to attend to the full day presential course “M’ Revision of Applied Financial Mathematics” which is proposed in the IFBL standard catalogue offer.
The actual seminar is divided in 4- or 8-hour training units covering the following subjects:

Applied Mathematics on Fixed Income Products, Bonds and Futures on Bonds

Pricing of bonds

Term structure of interest rates

Bond Futures and hedging techniques

Practical Applications and Bond Portfolio Management

Return expectations

Management Strategies

Diversification

Currency as asset class

Performance contributors and measurement

Financial Analysis

Equities: definitions, different markets, attributes

Stock market quotation and orders

Biggest stock markets, biggest indices, Euronext, Luxembourg

How to create a stock index

Stocks in portfolio management

Stock market aggregates, Sectorial distribution

Stock market and Equity valuation

Technical analysis

Relevant websites

Repos and Swaps

Repos

• – Definition
• – Flow Chart
• – Terms of the agreement
• – Collateral
• – Margins
• – Manufactured dividend
• – Market participants
• – Repo types
• – GC & Special

Swaps

• – Definition & characteristics , types
• – 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

Options

Definitions & terminology

Pricing variables

Pay-off diagrams

Option strategies

Case Study

Structured Products

Introduction, Options, Yield Curves

Capital guaranteed structures

Reverse Convertibles

Other type of products

Securities Clearing, Settlement and Custody

Securities

Clearing, Settlement & Custody

Future Issues

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

Audience and objectives

The educational programme has been designed for both front-office and back-office personnel having a good basic knowledge of the markets and products as well as a practical experience of several years in the banking and financial sector. The ICMA Foundation Course Certificate offered in collaboration with ICMA Centre, University of Reading, or equivalent knowledge is a highly recommended prerequisite. Furthermore, the candidates must have basic knowledge in Financial Mathematics. A revision course is proposed either in a presential form or as pre-reading material.

Examinations

The knowledge acquired in the seminar will be validated through an examination. The examination is based on a Multiple Choice questionnaire of approximately 80 questions. The passing rate is at 50 %. Successful candidates will be granted a certificate.

Language

The CAMFIN Training is exclusively offered in English.

Dates and registration fees

 

CAMFIN - Spring session	Dates	Fees (+3% VAT)
Seminar	11-15 June 2012	EUR 3,100
Examination	18 June 2012 (am)	(included)
CAMFIN  - Autumn session
Seminar	8-12 October 2012	EUR 3,100
Examination	16 October 2012 (am)	(included)

 

The registration fees include :

• training participation
• course material
• coffee breaks
• residential stay at the hotel
• examination fees 

Venue

The seminar takes place in residence at the Kikuoka Mercure Golf Club, Canach (see the website Kikuoka-Mercure.eurobookings.com). The participants’ rooms are booked by the IFBL upon registration. They are required to check in the first morning of the course. Individual rooms and full board are included in the price. A number of wellness facilities (fitness room, swimming pool, sauna…) are at the disposal of the participants for relaxation at the end of the day.
The examination session is held at the Training Centre LSC/IFBL, 7, rue Alcide de Gasperi, Luxembourg.

Registration and contacts

Registration
To register for this training, please take the following steps:
1) download the flyer including the registration form below and fill it in

Registrations on a private basis:
If your registration is accepted, IFBL will send the invoice to your address. Your registration will be final upon receipt of the registration fees by IFBL.

Registrations on a professional basis (via your employer):
The IFBL will send the invoice to your employer

2) send the form back to IFBL

•by fax: (+352) 46 50 19
•by mail: B.P. 13, L-2010 Luxembourg
•by e-mail: scan form and send it to customer@ifbl.lu


Registration deadline
Applications for the complete programme have to be submitted at the latest 2 weeks prior to the beginning of the course.

Conditions for cancellation
Regarding our cancellation policy, please read our General Conditions or refer to the FAQ.

Contact the Institute
For further questions related to this training programme, please contact our Customer Service by e-mail (customer@ifbl.lu) or by phone (+352 46 50 16-1).