Page 15 - MONECO Financial Training Catalogue

INTEREST RATE PRUDUCTS WORDSHOP FROM BONDS THROUGH SWAPS TO INTEREST RATE OPTIONS

• Tenor basis swaps − Understanding the interest rate Interest Rate Exotics and Structured
− Bank asset and liability hedging volatility surface and why it matters Products
using tenor basis swaps • Hedging interest rate options • The world of interest rate structured
• Cross currency swaps − What risk measures do interest rate products?
− Mechanics of the cross currency option traders use? − Who invests in structured products
swap − How do you risk manage an option and why?
− Popular client uses portfolio? − What are the driving forces behind
− Creating synthetic assets if the popularity of certain interest rate
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different currencies 12 −13 15 investment ideas?
Lunch Break • Simple interest rate structured products
Exercises: 13 −17 00 − Capped FRNs, Callable Bonds,
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• Interest rate swap applications
Interest Rate Options (cont.) Reverse FRNs
• Introduction to more complex option − How do the above work and what is
Interest Rate Options types the investment idea?
• What are the types of options that − Bermudan options − the right to • More complex products
exist in the interest rate world?
switch the decision date
− Caps, floors and swaptions − how − Spread options − taking a position − Range accruals, CMS-linked notes,
Autocallables, TARNs
do they each work?
on yield curve shape
− Understanding the exercise − Digital options − binary outcomes − How do these products work and why
are they so popular?
decision
− Who uses interest rate options and − CMS swaps − not really options, but Exercises:
option-like
why?
• Developing a pricing approach for Exercises: • Analysis of common structured products
• Callable range accruals
interest rate options
− Using the standard Black-Scholes • Option pricing Termination and Evaluation of the
• Simple option risk management
approach − what adjustments do Course
we need to make?
Hybrid course – both classroom and online training available.

Lekturer: Mark Taylor

Mark has been a trainer and consultant in finance for 12 years have previously
spent 10 years as an FX and interest rate derivatives trader in London, Hong
Kong and New York. His trading experience spans vanilla and exotic products
having run profitable businesses across the derivatives product spectrum.
Mark graduated from the University of Bristol with a first-class degree in
Aeronautical Engineering. He had a brief stint as an aerodynamicist working on
military aircraft design for BAe Systems, before moving into finance, first with
Deutsche Bank and then RBS.
After leaving finance Mark bought, ran and subsequently sold a retail business;
in the process developing a first-hand understanding of company valuation,
accounting, as well as company financing and risk management.
Mark uses his experience in financial markets and the corporate world to run engaging training courses
across all financial market subjects.

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