Presented in association with

Financial Services

Introduction to Banking and Finance

This is a highly participative programme designed for those who are new to the world of banking and international finance, but who do not necessarily have a financial background.

We 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 market initiatives explored. No prior knowledge is assumed.

Programme

DAY 1
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
  ~ T.Bills, CDs, acceptance, 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 agenices
• High yield/emerging market debt
• Yield curves
• Repo/reverse repo

DAY 2
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
  ~ Market volumes
  ~ Futures, swaps, options
  ~ Risk management tools
  ~ Practical uses and applications

SPEAKER

Derek Taylor
Taylor Associates

8-9 July 2008	£930 + VAT
11-12 November 2008	£930 + VAT

2 day course 09.30-17.00

'Derek has a wealth of knowledge and uses many interesting examples from his banking and finance background'

Introduction to Banking and Finance