|Investment Education PLC|
This 2 day seminar provides a stimulating and coherent briefing explaining all the major Investment Banking Operations and products, assuming no prior knowledge of Investment Banks. A basic awareness of Equities and Bonds is assumed.
The course objective is to give a broad understanding of all the areas and activities and instruments without obfuscating detail. Seminar numbers are kept at 16 or less to ensure maximum interactivity. The course is eligible for Law Society and Bar Council CPD of 13 hours.
Investment Banking Overview
-What is a Bank v an Investment Bank ?
-Main services/products and Departments
-Capital Markets: Equity and Debt (Flotations/IPO, Debt Issuance),
-Corporate Finance, Mergers & Acquisitions. Advisory work. Fund Management.
-Role of Back and Mid Office
-Industry influences and the future
Equity Research and Dealing
-Sell side v Buy side
-Meaning of Stock and sector selection
-Research process and objectives
-Equity Market Making
-Equity Issuance: what and why
-Primary & Secondary market Activities
-IPOs, Flotations, Rights Issues, Placings
-Mergers & Acquisitions: Rationale, Methods, Process and Timing (UK example)
-Venture & Development Capital
-What is Treasury
-Asset Liability Management
-Trading explained: Long and Short positions
-Own Account/Proprietory v Agency
-Exchange Traded v OTC
-Meaning of Clearing and Settlement
-Securities Lending and Borrowing
-Prime Brokerage and Repo operations outlined
-Why have a Funding mismatch ?
Fund Management & Hedge Funds
-Main classes of Funds. Retail v Institutional markets
-Who are the Fund Managers and who are the clients
-Basic approaches and styles: Balanced, Index, Value, Growth etc
-Portfolio construction. Top Down v Bottom Up
-What is a Hedge Fund
-Types of Hedge Fund.
-Risks and returns of a Hedge Fund.
-Prime Brokerage Activities
Debt / Fixed Income Markets & Products
-What is a Bond ? Basic Terminology.
-Main types of Bonds
-Who issues Bonds. Who buys
-Issuing Debt : the markets and the process
-Bond Prospectus and players.
-Pricing and an explanation of Yield
-Yield curve importance and how to take a position
-Outline what influences the Bond Market
-Bond Rating or Grading and its importance
-Specialist Fixed Income products outlined:
-Securitisation & Asset Backed Securities (ABS)
-Mortgage Backed Securities and CDOs
Foreign Exchange Operations
-Major markets, Currencies and players
-Meaning of Spot
-Cross Rate meaning and how arrived at - outline only
-Outline what determines a Forward Rate
-Forward rates and how calculated
What are Futures?
Derivatives : Futures, Options, Swaps and FRAs explained
What are Options?
Background, Terminology. Types. Main Markets
Exchange Traded v OTC explained
Calls and Puts explained
Writing (Selling) v Buying
Contrast Futures v Options
What are the main factors in determining the value of an Option
Time and Intrinsic values
What is a Swap? Terminology. Examples
Diagrams of Cash flows etc.
Interest Rate Swaps explained
Currency Swaps explained
Credit Default Swaps explained
Role of ISDA
Swap relationship with other markets
What are the dangers in a swap.
Meaning of FRA