COURSE OBJECTIVES: This is a one-day highly interactive programme for those wishing to develop a better understanding of Securities Markets
We will look at Equity markets, how a Stock Exchange works in both raising capital (primary market) and trading securities (secondary market).
Fixed income alternatives are explored, with the various bond market products available, including basic securitisation.
No previous knowledge is assumed, and we will try to explain the terminology and products clearly and concisely.
COURSE CONTENT
Session One
Equity Markets
- Types of Equity
- Common Stock vs Preferred Stock
- The London Stock Exchange
- Primary Markets - capital raising
- Secondary Markets – trading
- Electronic systems (SETS, SEAQ)
- Settlement, Clearing and Custody
- Equity indices – FTSE, S&P, NASDAQ, STOXX
Session Two
Equity Analysis and Valuation
- Asset Valuations
- Market Valuations
- Intangibles
Exercise – brand values
Session Three
Bond Markets
- London and the Eurobond Market
- Key Features of Debt products
- Domestic, International and Eurobonds
- The roles of Issuers, Investors and Intermediaries
- Securitisation – asset backed securities (ABS)
Session Four
Bond Dynamics
- Fixed/Floating bonds and hybrids
- Bond Pricing – par, premium, discount
- Risks- market, credit and liquidity risk
- Ratings Agencies – credit spreads
- High Yield /emerging market debt
- Yield Curves- the Term Structure of Interest Rates
- Normal, inverse, flat and segmented curves
Course conclusion
WHO SHOULD ATTEND?
Anyone who needs to develop a better understanding of Securities Markets
This course is designed to be run either as an in-house course or as a training pool title only. For more information on how the training pool works please click on the Quorum Training Pool item in the menu on the left of this page.
To enquire about this course please complete the enquiry form or call our in-house course bookings team on 0207 566 8207.