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.
We will look at market structure, market participants, market mechanics, 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.
Global Financial Markets
Background and development
Defining our terms – capital market inter-relationships, equities, bonds, rates, FX and commodities
Asset Management: Institutional vs Wealth Management
Hedge funds, Fund of Funds, Systemic, HFTs
Insurance – general, life
Information Vendors – Thomson Reuters, Bloomberg,
Exchanges – LSE, NYSE, CME, ICE, LME
Case Study- Asset Allocation
Money Markets – Definition and key features of
LIBOR vs Base Rate – the impact of LIBOR fixing?
Bills, CDs, Acceptances, CP, Money Market Funds
Fixed Income Markets
Government bonds, Corporate bonds, domestic, foreign and Eurobonds
Bond structures, fixed, floating and hybrids
The role of the Rating Agencies
High Yield/Emerging Market Debt
Types of Equity
Primary Markets – Issuance
Secondary Markets – Trading
Using equity indices – FTSE, S&P, NASDAQ, STOXX
Exchange Traded Funds (ETFs)
Settlement, clearing, prime brokers, custodians
Foreign Exchange Markets
Why exchange rates move – short and long term factors
Range of currencies – G10 major, minor, cross, EM
Spot and forward FX transactions
E-FX and the impact of technology
Derivatives Markets – Definition and key features of
Risk management tools – why and how to use derivatives
Exchange traded/OTC markets
Futures, Swaps, Options
Practical uses and applications
Examples- Equity Derivatives in Practice
WHO SHOULD ATTEND
Anyone who requires a good, practical understanding of banking and the global financial markets.
This is a thorough grounding in the markets, products and the management of risk. This would include treasury management and staff, banking personnel, and people who work in the financial services sector.