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Swaps OverviewBackground 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. The course includes all the new changes in Collateral and Settlement.
Delegates
Content
Market Overview -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 -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
Investment Education PLC |