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New York Institute of Finance

Products, Risks and Strategies (Capital Markets)

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Next dates

Jun 5—7
3 days
New York, New York, United States
USD 2689
USD 896 per day
Sep 11—13
3 days
New York, New York, United States
USD 2420
USD 806 per day
Dec 11—13
3 days
New York, New York, United States
USD 2151
USD 717 per day

Description

This course surveys the major financial instruments traded in capital markets around the world. Understand how stocks are valued. Learn how stocks and bonds are brought to market. Understand the basic mechanics and risks characteristics of derivatives.

This course is the second component of the Capital Markets Professional Certificate.

Prerequisite knowledge:

  • Basic MS Excel skills
  • Basic knowledge of capital market structure and participants

Recommended Courses:

  • Capital Markets 101: Market Structure, Products and Regulatory Trends

CURRICULUM

Day 1

MODULE 1: EQUITY INDEXES

  • Market Segmentation
  • Index Construction and Weighting
  • Bias, Tracking Error and Rebalancing
  • Trading and Hedging Strategies using Index Products

MODULE 2: EQUITY VALUATION

  • Uses and Limitations of Valuation
  • Valuation Models
  • Model Inputs
  • Ratio Analysis
  • Intrinsic Valuation
  • Relative Valuation
  • Equity Risk Premium
  • Dividend Discount Models
  • Method of Comparables
  • Enterprise Value and Economic Value Added (EVA)
  • Oracle Valuation Case

MODULE 3: EQUITY INVESTMENT VEHICLES

  • Mutual Funds
  • Hedge Funds
  • Private Equity
  • Venture Capital

Day 2

MODULE 4: INTRODUCTION TO DERIVATIVES

  • Characteristics of Derivatives
  • Hedging and Speculative Uses
  • ISDA Framework and Regulation

MODULE 5: FUTURES AND FORWARDS

  • Futures and Forwards Markets
  • Exchanges, Clearinghouses and OTC
  • Hedging and speculating with Futures
  • Trade Execution
  • Settlement and Margining
  • Bond Futures
  • Index Futures

MODULE 6: SWAPS

  • History and Evolution of Swaps
  • Characteristics & Features of Swaps
  • Fundamentals of Pricing Interest Rate Swaps
  • Application of Interest Rate Swaps to Hedging Situations
  • FX Swaps

MODULE 7: OPTIONS

  • History and Evolution of Options Market.
  • Options Terminology
  • Evaluate Risk/Reward - Payoff Profiles & Break-Evens
  • Identify Basic Characteristics of options, caps & floors and swaptions
  • Identify Factors of Options Pricing

Day 3

MODULE 8: CREDIT DERIVATIVES

  • Define and Identify Credit Derivatives
  • Total Return Swaps And Credit Default Swaps
  • Identify Mechanics Of Basket and Portfolio Credit Default Swaps

MODULE 9: EQUITY AND BOND IPO PARTICIPANTS

  • Company Management
  • Board of Directors
  • Counsel
  • Independent Accountants
  • Pre-IPO shareholders
  • Managing Underwriters
  • Underwriter’s Counsel
  • Research Analysts
  • SEC
  • Corporate Bond Issuance

MODULE 10: TIMING AND MAJOR STEPS IN IPO PROCESS

  • Pre-Organizational Meeting
  • Organizational Meeting
  • Post-Organizational Meeting

CASE STUDY:

  • Alibaba Case Study

WHAT YOU'LL LEARN

  • Read bond and equity listings and decide whether the deals worked well for the parties involved
  • Choose the best derivative to hedge against risk in real-life financial situations
  • Calculate the profit or loss on futures trades
  • Construct a swap and calculate the benefit of the swap to each counterparty
  • Invest the money held by a pension fund both geographically and by asset class
  • Describe the role of equity from both the issuer's and investor's perspectives
  • Describe the main methods used in equity valuation
  • Explain the major steps in the IPO process
  • Identify the key participants in the IPO process
  • Apply knowledge to today’s financial situations

Who should attend

Trading and sales support personnel, regulators, compliance staff, financial journalists, anyone seeking a through grounding in capital markets and products

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