Derivative Products II

Students drill down into the world of derivative products using computer software designed specifically for capital markets and derivatives training.

26-Sep-2008 -- 26-Sep-2008ChicagoUSD$1475register
NY Institute of Finance - Chicago9:00am - 4:30pm Instructional Method:
Group-Live		email course to a friend
Instructor(s): [ Douglas Carroll; ] Fri Level: Basicemail a sales rep
CPE Credits: 7print this course

11-Dec-2008 -- 11-Dec-2008New YorkUSD$1475register
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live		email course to a friend
Instructor(s): [ McCabe Hurley; ] Thu Level: Basicemail a sales rep
CPE Credits: 7print this course

Traders, sales and business development professionals, back office staff, financial analysts, auditors and compliance staff.
No advance preparation required.
Students will be able to:
  • Price a swap rate, build a swap curve and understand forward rates
  • Explain how option pricing models work – and how to use them in practice
  • Apply and use the products of caps, floors, collars & swaptions.
  • Demonstrate how asset managers and the investment community are using the derivative markets today.
Derivatives 1 or equivalent knowledge, 2 - 3 years financial markets experience working for a bank or brokerage firm who is currently in the derivatives business. You will need a financial calculator with the following specific functions: 1.) The e(x) (the Exponent e) function; 2) The Ln (the Natural Logarithm) function
"The instructor was very knowledgeable."
"The instructor used practical examples in class."
YIELD CURVES
  • Different Types Of Yield Curves
  • What is the par swap curve
  • Par Swap Curve
  • The Spot Curve (Term Structure Of Interest Rates)

CALCULATING SPOT RATES & FORWARD RATES

  • Calculating Spot Rates (Bootstrapping Method)
  • Calculating Forward Rates

CALCULATING SWAP RATES

  • The Eurodollar Contract Specifications (Review)
  • Discount Factors (Time Value of Money)
  • Calculating Adjustments for Different Day Count Conventions
  • Calculating Swap Rates Using The Eurodollar Futures
  • Calculating The Net Present Value Of Swap

OPTIONS

  • Basics Of Option Contracts (Review)
  • Inputs Into Option Pricing Model
  • Volatility: Types Of Volatility & Probability
  • Normal & Lognormal Distribution
  • Option Pricing Models: Black-Scholes & Binomial Pricing Models
  • Option Pricing Models & The Real World
  • Managing Options Risk - The “Greeks”

INTEREST RATE OPTIONS

  • Define Caps, Floors, Collars & Swaptions (Review)
  • Pricing Caps, Floors, Collars & Swaptions
  • Applications of Caps, Floors, Collars & Swaptions

SWAP USERS IN TODAYS MARKETS

  • Uses By Corporations (Asset-Liability Management, Bond Issuance)
  • Uses By Asset Managers (Leveraged And Non-Leveraged Uses)
  • How a Corporation Might Use Swaps
  • How an Unleveraged Asset Manager Might Use Swaps
  • How a Hedge Fund Might Use Swaps

Equity Linked Notes

  • Define the structure of an equity linked note
  • Examine a specific structure

Clients who register for this course will receive a complimentary 6 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process, and are limited to one per client. For questions about your subscriptions call 800-628-8088 or email uscirculation@ft.com. US and Canada enrollees only.

Lunch included for all students taking day classes.