COURSE OBJECTIVES: This is a highly participative two-day programme designed for those who are new to the world of banking and international finance, but who do not necessarily have a financial background. It will look at the market participants - the buy side and the sell side, and explore the various financial instruments and discuss their uses and practical applications.
All terminology will be fully explained, and new financial markets initiatives explored. No prior knowledge is assumed.
COURSE CONTENT
Day One
Global Financial Markets
- Background and development
- Defining our terms - capital market inter-relationships
- International time zones
- Why regulation is critical
- The role of the FSA
Market Participants
- Banks - central, clearing, investment, universal, on-line
- Brokers - voice vs electronic
- Asset managers - pension funds, mutuals, insurance
- Hedge funds, fund of funds
- Information vendors - Reuters, Bloomberg
- Exchanges - LSE, Euronext Liffe, CME, ICE, LME
Money Markets
- Definition and key features of:
- LIBOR vs base rate
- T.Bills, CDs, acceptances, CP, money market funds
Fixed Income Markets
- Role of the issuer, investor, intermediary
- Government vs corporate bonds
- Domestic, foreign and eurobonds
- Bond structures, fixed, floating and hybrids
- The role of the rating agencies
- High yield/emerging market debt
- Yield curves
- Repo/reverse repo
Day Two
Equity Markets
- Types of equity
- Common stock vs preferred stock
- Primary markets - issuance
- Secondary markets - trading
- Using equity indices - FTSE, S&P, NASDAQ, STOXX
- Settlement, clearing and custody
Foreign Exchange Markets
- Market development
- Why exchange rates move - short and long term factors
- Range of currencies - major, minor, cross, EM
- Spot and forward FX transactions
- New developments
Derivatives Markets
- Definition and key features of:
- Exchange traded/OTC markets
- Market volumes
- Futures, swaps, options
- Risk management tools
- Practical uses and applications
WHO SHOULD ATTEND
New entrants to banking and financial services or existing staff who do not necessarily have a financial background but need a good understanding of the major markets and how they interact.
"Very good, interactive and well explained with vivid examples. Excellent handling questions."
Would you like this course run in-house? Call us on 0207 566 8207 to find out more
Not quite what you were looking for? Then please see the following closely related course;