Page 15 - MONECO Financial Training Catalogue

FIXED INCOME – PRICING, TRADING AND INVESTING

• Relative value strategies – How are swaps priced? What drives – Mechanics and conventions of the
– Credit plays – capturing excess the swap rates? CDS
risk premium – Swap spreads – what drives the – Theoretical CDS pricing
– Curve roll – capturing excess carry spread? – CDS trading strategies
– On-the-run versus off-the-run – – Creating asset swaps – synthetic – CDSs versus asset swaps – the CDS-
convexity plays and capturing the fl oating rate notes cash basis
‘new bond premium’ – Asset swap trading opportunities – Using CDS to create synthetic
– Cross-currency swaps corporate bonds
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12 –13 15 – Using cross-currency swaps to – Trading the basis – does a non-zero
Lunch Break currency hedge a bond and create basis imply arbitrage?
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13 –17 00 synthetic assets – CDS indices – iTraxx and CDX
Bond Derivatives – How to truly compare bonds across – Credit index trading
• Bond futures different currencies – Tranched credit indices – the
– Mechanics of bond futures • Bond options importance of correlation
– How are bond futures priced? – How do bond options work?
– Determining the cheapest to – Pricing the bond option Conclusion of the Seminar
deliver bond – Understanding the importance of
– Implied repo and net basis volatility
– Cash versus futures arbitrage – Using bond options to express
• Interest rate swaps directional and volatility views
– Mechanics and quoting • Credit default swaps (CDS)
conventions of swaps

Lecturer: Mark Taylor

Mark has been a trainer and consultant in fi nance 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 profi table businesses across the derivatives product spectrum.
Mark graduated from the University of Bristol with a fi rst-class degree in
Aeronautical Engineering. He had a brief stint as an aerodynamicist working on
military aircraft design for BAe Systems, before moving into fi nance, fi rst with
Deutsche Bank and then RBS.
After leaving fi nance Mark bought, ran and subsequently sold a retail business;
in the process developing a fi rst-hand understanding of company valuation,
accounting, as well as company fi nancing and risk management.
Mark uses his experience in fi nancial markets and the corporate world to run engaging training courses
across all fi nancial market subjects.

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