New York Institute of Finance

Overview of Capital Markets

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About the course

Gain a broad overview of the marketplaces, exploring a wide array of capital markets' products from equities to interest rate and credit default swaps.

CURRICULUM

Day 1

MODULE 1: BASICS OF CAPITAL MARKETS

  • Functions of Financial Markets and Financial Intermediaries
  • Primary vs. Secondary Markets
  • Secondary Market Structure
  • Investment Banking Businesses
  • Industry-specific Risks

MODULE 2: EQUITY SECURITIES AND MARKETS

  • Issuer vs. Investor Perspectives
  • Equity Underwriting Process
  • Public versus Private Sectors

MODULE 3: FIXED INCOME SECURITIES AND MARKETS

  • Debt instruments
  • The Underwriting Process
  • Fixed Income Pricing and Cash Flows

Day 2

MODULE 1: FIXED INCOME SECURITIES AND MARKETS - CONTINUED

  • Debt Risks
  • Rating Agencies and their Role

MODULE 2: MORTGAGE- AND ASSET-BACKED MARKETS

  • Mortgage-backed Securities
  • Asset-backed Securities

MODULE 3: DERIVATIVES

  • Forwards vs. Futures
  • Options
  • Interest Rate Swaps
  • Credit Default Swaps

WHAT YOU'LL LEARN

KEY SECURITIES AND THEIR DIFFERENTIATED ROLE/RISKS IN A GLOBAL MARKET

  • Gain a greater understanding of the key securities in US capital markets
  • Differentiate among capital markets' players
  • Define equities and fixed income as distinct asset classes
  • Distinguish among types of debt instruments
  • Identify basic derivative instruments, including interest rate swaps, forwards, futures and options
  • Explain the purpose and importance of each type of security
  • Describe the risks associated with each product

Who should attend

  • Sales people
  • back-office professionals
  • staff assistants and auditors

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