This two-day course will give participants a thorough background and understanding of the main derivative products, both exchange traded and over the counter (OTC). These are futures, options and swaps with a step-by-step guide to the products, applications, risks and documentation. We also introduce participants to credit derivatives and focus on how the market is structured and the various participants.
We review market developments such as EMIR and the importance of timely and efficient settlement of trades and management of collateral. No prior knowledge required.
Delegates will gain
An understanding of interest rates both short and long term, and the interplay between floating (bank loan) and fixed (bond) products
A clear understanding of the impact that currency and interest rate movements can have on a company
A practical introduction to the major risk management instruments and techniques
How derivatives and why derivatives are used to effectively manage risk
How to evaluate, monitor and control risks, and formulate an appropriate hedging policy