Bond and Money Markets: Mechanics and Main Uses (Cash and Derivatives)

Review of the Mechanics and Main uses of Money Market Products
  • Day count basis and interest rate conventions
  • Money market references: Libor, Eonia and Euribor
  • Interest rate fundamentals
  • Interbank products: deposits and repo
  • Short term notes
  • TBills
  • Certificate of deposit
  • Commercial Paper
  • Market practice and pricing: simple yield
  • Short term yield curve
  • Role of Central Banks
  • Practical workshop
  • Repo pricing
  • Calculating the prices of Negotiable debt securities
Bonds: Characteristics and Uses
  • Pricing and phases of a new issue
  • Syndication techniques
  • Bond characteristics
  • Yield to maturity and spreads
  • Bonds: main categories and uses
  • Fixed coupon bond
  • Floating rate note
  • Zero coupon bond
  • Indexed Bond (Constant maturity and inflation-linked)
  • Convertibles
  • Collaterised Debt Obligations
  • Covered Bonds
  • Yield curve shape
  • New issue pricing
  • Calculate and manage bond risks: duration, modified duration and convexity
  • Practical workshop
  • Build an EXCEL™ pricer to value bonds
  • Calculate the price, duration, modified duration and convexity of a fixed coupon bond
Mechanics and main uses of bond futures
  • Main characteristics of contracts
  • Short term interest rate futures
  • Long term interest rate futures
  • Hedging a bond portfolio using futures and options

  • Know the mechanics and uses of the main fixed-income products
  • Know the key-players and organisation of the bond’s primary market
  • Know the characteristics of issues
  • Know the fundamentals of pricing
  • Understand the concept of sensitivities
  • Familiarise with the concept of convexity
  • Undesrtand yield curve strategies
  • Practical presentation of the mechanics and main uses of bonds (cash and derivatives)
  • Choose between various products in accordance with investment or funding objectives
  • Presentation of the crisis impact on the development of money and debt markets
  • Trading simulation via the First Trading Room®, our virtual trading software
  • Fixed income fund managers / Junior sales and traders
  • Origination executives
  • Fiscal and legal department
  • Support staff: middle office, senior back office, IT
  • Internal controls, audit
  • Institutional investors
  • Corporate treasurers
Close

Send a link to this seminar

You can recommend this seminar to your contact using this form. A link to this page will be included in your message.