Mastering Swap Markets Training Course

IFF Training

How long?

  • 3 days
  • online, in person

What are the topics?

IFF Training

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About the course

Swaps continue to play a fundamental role in the financial markets. Challenges like alternative reference rates, LIBOR rigging, increased collateral requirements and intense competition for clearing business, have not slowed the inexorable growth of this vital financial tool which enables borrowers, investors and banks to hedge their interest rate, currency, credit, equity, commodity, volatility and inflation exposures.

This course will give you the opportunity to integrate a theoretical knowledge of swaps with practical market applications.

How you will learn

You will use practical sessions and exercises so that you will be able to apply your new knowledge immediately. These include:

  • Calculating the risks and rewards of the swaps market
  • Applying and using interest rate derivatives effectively
  • Exploring the full range of swap products
  • Learning about the pricing and arbitrage relationships in the swaps market
  • Applying swaps to risk management

Agenda Summary

MECHANICS OF SWAPS

  • Mastering Swaps Markets
  • Pricing a Corporate Bond
  • CASE STUDY: Calculating Forward/Forward Prices and Zero-Coupon Rates
  • CASE STUDY: Hedging an Equity Portfolio
  • Swap Curves and Government Curves

MEASURING AND MANAGING RISK

  • CASE STUDY: Contract Specifications
  • CASE STUDY: How Hedging Works
  • CASE STUDY: Interest Rate Risk Management
  • CASE STUDY: Hedging Duration Gaps
  • CASE STUDY: Portfolio Management
  • CASE STUDY: Risk Management at Apple
  • CASE STUDY: Asset Swaps
  • CASE STUDY: Asset and Liability Management
  • CASE STUDY: Amortising, Accreting and Roller-Coaster Swaps
  • CASE STUDY: Credit Default Swaps

VALUING SWAPS

  • CASE STUDY: FRAs, Futures and Interest Rate Swaps
  • CASE STUDY: Forward Rate Agreements
  • CASE STUDY: JP Morgan Swaps
  • Valuing Interest Rate Swaps: A Traditional Approach
  • CASE STUDY: Rationale for OIS Discounting

SWAP DRIVEN DEALS

  • CASE STUDY: Nestle’s Swap Driven Bond Issue
  • CASE STUDY: Swap Driven Bond Issues (Multilateral Development Bank)
  • CASE STUDY: Nordic Export Credit’s Currency Swap
  • CASE STUDY: FMC Corporation

MANAGING CURRENCY RISK

  • CASE STUDY: Multi-Currency Debt Management
  • How Global Investors Turn Negative JGB Yields into Big Returns

HEDGING CHALLENGES

  • Hedging Challenges
  • CASE STUDY: Portuguese Train Company Can’t Escape Snowballs

SUMMARY

  • CASE STUDY: The Rules of Risk Management

Experts

Alan McDougall

Alan helps banks and their clients to manage risk. He has designed and delivered over 1600 highly interactive training days in more than 40 countries for the International Faculty of Finance, Goldman Sachs, Morgan Stanley, JP Morgan, HSBC, Deutsche Bank, Rabobank, BNP Paribas, Societe Generale, U...

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Mastering Swap Markets Training Course at IFF Training

From  2879 GBP$3,778

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