Swaps Overview


Background

 

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

  • Fund Managers new to Swaps
  • Dealers and Brokers new to Swaps 
  • Accountants and Internal and External Auditors (CPD credit)
  • Compliance Officers & Lawyers
  • Back Office Managers and Staff 
  • Institutional Salesmen 
  • IT & Systems Executives developing Systems for Swaps
  • Pension Fund Trustees considering the use of 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


Collateralisation & settlement overview

 


 

 

 

 

 

 

 

 

 




Todays Date:


Duration 1 day
Dublin
Fee Euro 550

London
Fee  480 +VAT







Investment Education PLC
45 Old Hall Road, Manchester M7 4JF, United Kingdom
Tel:+44 (0)161 832 3800
Email: mail@investmentEducation.net
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