Swaps I

This course covers the basic structure of swaps, their characteristics and features and examines the pricing and risks associated with this derivative instrument.

05-Dec-2013 -- 05-Dec-2013New YorkUSD$1575
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ William Addiss; ] Thu Level: Basic

CPE CREDITS
7.0
Traders, sales professionals, back office professionals, financial analysts, cash/money managers, auditors, compliance professionals, financial and bank officers, accountants and regulators.
No advance preparation required.
Students will be able to:
  • Define and discuss characteristics of interest rate swaps
  • Discuss swap specific risks
  • Understand market participants and the use of swaps
  • Determine and quantify credit exposure in swaps
  • Explore the implications of FAS 133 for swaps
  • Define currency swaps and their application
  • Define, price and explore applications of interest rate options, caps, floors and collars
  • Discuss other types of swaps such as asset and amortizing swaps
"The instructor was so engaging his enthusiasm was contagious. Knowledge is impressive!"
"Excellent real world examples using today's market & past instances to illustrate topic."
"From zero knowledge on swaps to a solid basic understanding!"
"Good, real world experience combined with academic knowledge."
"The instructor's knowledge, experience & ability to relate to real world situations were a real plus!"
Swaps 1

    Interest Rate Swaps

    • Definition of an interest rate swap
    • Plain vanilla swaps
    • Characteristics and features of interest rate swaps
    • Why enter into a swap
    • Interest rate swap pricing/Eurodollar Futures, pricing cash flows

    Risks Specific to Swaps

    • Identify the different risks associated with swaps

    Credit Default Swaps

    • Structure
    • Application
    • Credit Default Swaps
    • Asset and amortizing swaps

    Risks

    • How is exposure measured to counterparties
    • What type of limits are used to manage this risk
    • Liquidity
    • Asset

    Regulations

    • Explore the implications of FASB 133 for swaps
    • Dodd Frank
    • --Centralized Clearing
    • --Standardized Contracts

    Other Swaps

    • Define a currency swap
    • Understanding equity Swaps
    • Applications

Clients who register for this course will receive a complimentary 4-month subscription to FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. The move to the electronic version follows an ongoing review of our environmental responsibilities as a global business and as part of the Pearson group. FT.com also has features that are not available in hard copy, such as: Special Reports, Alphaville, editor blogs, education sections and much more! Subscriptions will start within 6-8 weeks of the start of class and are limited to one subscription per client. (Please note: as of May 1, 2011, the electronic subscription replaces the hard-copy 3-month Financial Times subscription.)

Lunch is included for all students taking day classes.