Advanced Derivatives Applications for Asset Managers

New York Institute of Finance

New York Institute of Finance

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Who should attend

  • Asset managers
  • mutual fund/pension fund managers
  • traders
  • capital markets salespeople
  • portfolio managers and hedge funds

About the course

Develop the ability to research which derivatives strategies best fit your management style - covering all aspects of strategy development and position follow up.

CURRICULUM

Day 1

MODULE 1: ASSET CLASS: EQUITY ISSUERS AND BUYERS

  • Decision making process: Equity & Debt
  • Unleveraged & Leveraged (Buyers of Assets)
  • Capitalization (Small Cap, Mid Cap, Large Cap)
  • Equity Valuation (Fundamental Analysis)
  • Absolute Valuation: Discounted Cash Flows
  • Comparative Analysis: Multiples
  • Equity Trading Points (Technical Analysis)
  • Trend Following Indicators
  • Entry & Exit Indicators
  • Risk Management Points
  • Measuring Performance - Benchmarks
  • Ways Active Managers Beat Benchmarks
  • Leveraged Equity Funds

MODULE 2: ASSET CLASS: INTEREST RATE ISSUERS & INVESTORS

  • Governments & Corporations (Issuers)
  • Decision Making Process: Maturity
  • Unleveraged & Leveraged Buyers of Assets
  • Investment Grade Corporate
  • Cross Over Corporate Credit Rating
  • High Yield Corporate
  • Credit Ratings & Transitions
  • Overview of Bond Pricing
  • Calculating the “credit risky” Bond Spread
  • Measuring Performance – Bond Indices

MODULE 3: ASSET CLASS: COMMODITIES

  • Energy
  • Metals (precious & industrial)

MODULE 4: ASSET CLASS: OTHER ASSETS

  • Non-correlated Asset Classes (i.e., Volatility)
  • Exchange Traded Funds & ETN's

Day 2

MODULE 1: DERIVATIVE TOOLBOX: EQUITIES DERIVATIVE PRODUCTS

  • Equity Swaps
  • Total Return Swaps
  • Replication
  • Equity Index-linked ETF's
  • Importance of Liquidity
  • ETF vs Futures
  • Tracking Error & Volatility Drag
  • Leveraged ETF's

MODULE 2: DERIVATIVE TOOLBOX: INTEREST RATE & CREDIT DEFAULT SWAPS

  • Terms & Conditions
  • Market & quoting conventions
  • Market Participants & Applications
  • Hedging rate risk
  • Creating synthetic assets
  • Speculating on Interest Rates
  • Speculating on Credit Spreads
  • Trading 'basis': Underlying bond versus CDS

Day 3

MODULE 1: DERIVATIVE TOOLBOX: FOREIGN ECHANGE, SPOT & FORWARDS

  • Currency Pairs
  • Quoting Convention & Trade Settlement
  • Overview of Market Participants
  • Overview of Uses & Applications

MODULE 2: DERIVATIVE TOOLBOX: CROSS CURRENCY SWAPS

  • Terms & Conditions
  • Market & Quoting Conventions
  • The Basic Swap
  • The Lynchpin in the Cross Currency Swap
  • Basis Swap: Contract Terms & Conditions
  • Market Participants & Applications
  • Hedging Rate Risk
  • Creating Synthetic Assets
  • Speculating on Rates in other countries
  • Speculating on other countries Credit Spreads
  • Overview of CDS Pricing
  • CDS Pricing using Cash Flow Diagram

MODULE 3: DERIVATIVE TOOLBOX: OPTIONS

  • Terms & Conditions
  • Equity Options
  • Interest Rate Options
  • Trading venues & margin
  • Market Participants & Applications
  • How Each Market Participant Uses Options
  • Overview of Options Pricing
  • Probability & Volatility
  • Risk Management- The Greeks

Day 4

MODULE 1: DERIVATIVE TOOLBOX: DEFINING STRATEGY & RISK MANAGEMENT

  • Dodd Frank Title VII
  • Bilateral Contracts vs. Cleared Contracts
  • Documentation
  • Initial Margin
  • Collateral Management
  • Eligible Collateral
  • Haircut Calculation
  • Credit Valuation Adjustment (CVA)
  • Calculation of Counterparty Risk
  • Single Asset & Multi-Asset Managers
  • Defining appropriate strategies
  • Evaluating Risk
  • Leveraged & Unleveraged Asset Managers
  • Defining appropriate derivative strategies
  • Evaluating Risk

Day 5

MODULE 1: DERIVATIVES TOOLBOX

  • Conclusion

WHAT YOU'LL LEARN

UTILIZE PRICING STRATEGIES IN ORDER TO DEVELOP A PLAN FOR IMPLEMENTATION INTO THE CURRENT MANAGEMENT STYLE

  • Define terms & market convention for interest rate swaps
  • Price & reprise interest rate swaps
  • Define terms & market conventions for credit default swaps
  • Price & reprise a Credit Default Swap
  • Define the derivative strategies most applicable to their style of asset management
  • Develop a game plan for implementing derivative strategies in their business

PREREQUISITES

  • More than 2 years financial markets experience and be versed in all topics covered in Derivative Products I

Advanced Derivatives Applications for Asset Managers at New York Institute of Finance

This course has no confirmed dates in the future. Subscribe to be notified when it is offered.


Something went wrong. We're trying to fix this error.

Thank you

Someone from the Coursalytics team will be in touch with you soon.

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.