Opleiding: Global Financial Money Markets (banken, obligaties, rente, swaps, opties, derivaten, monetair beleid, valuta, krediet, risico, finance, kapitaal)

This eLearning offers you an in depth explanation about financial market products in 5 sessions, in total 192 summary slides and extensive explanations by notes. In addition you can practice using 136 multiple choice questions.

TOPICS PER SESSION

Session Basic interest rate calculations - Topic Basket: Coupon amount and rate of return; Present and future value; International Day count conventions and conversion; Semi-annual coupons and conversion; Broken periods; True Yield and Pure discount rates and conversion; Yield curve; Implied forward rates.

Session Money Markets - Topic Basket: Benchmarks; Deposits and Loans; Eurodollar; Money Market Securities (CP, CD, Bank bills, T-bills); Repo’s (general, special, sell-buy back, GMRA, tri-party); Forward-forwards; Risk management using FRA’s and STIR Futures, Margins; OIS.

Session Fixed Income securities and Interest Rate Swaps - Topic Basket: Fixed Income definition and loan programs; Bond types; Securitization; Issue of Government Bonds and Corporate Bonds; Special bond types; Bond Valuation and Price Sensitivity; Modified Duration; Interest Rate Swaps Specifications and Valuation; Funding and Asset swaps; Swap Assignment; Duration and IRS.

Session Currency Markets - Topic Basket: Market characteristics; FX positions and valuation; FX spot transactions; Cross rates; FX forwards calculation swap points; Ex ante dates; Non deliverable forwards; Currency swaps; Applications FX forwards (cash management; hedging fx risk); Covered interest rate arbitrage; Basis swaps; Cross Currency Swaps; Translation fx risk; CLS settlement.

Options - Topic Basket: Option types; Terminology; Premium (Black & Scholes); FX options; Interest rate options (Cap / Floor); Sensitivity parameters (the Greeks); Delta hedge; Option combinations; Cylinder; Swaptions; Embedded options (convertible; dual currency deposit).