Swaps Overview
Swaps Overview.

Background:
Swaps have increased both in variety and use over the last few years. They underpin many trading strategies and numerous investment products. While simple to those in detailed daily contact with Swaps, they appear confusing to those with less experience or to those without formal training.

This course provides a fairly detailed overview of Swaps, what they are, how they are used and the major varieties. No prior knowledge is assumed of Swaps but a good general knowledge of securities is assumed.

Delegates:
- Fund Managers new to Swaps
- Dealers new to Swaps
- Accountants and Internal and External Auditors
- Compliance Officers
- Back Office Managers and Staff
- Institutional Salesmen
- Lawyers (CPD credit available)
- IT & Systems Executives developing Systems for Swaps

Content:
Market Overview
- Development of the Swap Market
- Key Users and Uses
- ISDA
- Interaction with Related Markets

Interest Rate Swaps
- Definition of an Interest Rate Swap
- Floating versus Fixed Rate Asset/Liability
- Cash Flows over time
- Quoting a Swap Price
- Coupon, Basis, Asset, Term, Money Market Swaps

Uses of IR Swaps
- Converting Floating to Fixed and Vice Versa
- Arbitrage using Swaps
- Gaining Access to Markets
- Increasing Lending and Reducing Borrowing Rates
- Role of Broker and Intermediary

Currency Swaps
- Definition of a Currency Swap
- Types of Currency Swaps
- Quoting a Price
- Use of Currency Swaps

Asset, Diff, Circus, Cocktail Swaps

Credit Default Swaps
- Definition, Structure, Use

Swaptions
- Definition, Structure, Use

Pricing and Valuation Overview
- Review of Time Value of Money
- Discount Functions
- Defining Price and Value of a Swap
- NPV of Fixed versus Floating Cash Flows
- Amortising, Accreting, Roller Coaster Swaps
- Valuing a Swap Set by Futures Prices





 
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London Wed 04 Mar 09 1£480      CLICK TO ENQUIRE
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Key Details
Provided by:
Investment Education Plc


 
Duration1 day
 
£480
per delegate