Swaps I

This course covers the basic structure of swaps, their characteristics and features and examines the pricing and risks associated with this derivative instrument.

16-Oct-2008 -- 16-Oct-2008New YorkUSD$1475
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ William Addiss; ] Thu Level: Basic
CPE Credits: 7

11-Dec-2008 -- 11-Dec-2008ChicagoUSD$1475
NY Institute of Finance - Chicago9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Ronald T. Slivka; ] Thu Level: Basic
CPE Credits: 7

Traders, sales professionals, back office professionals, financial analysts, cash/money managers, auditors, compliance professionals, financial and bank officers, accountants and regulators.
No advance preparation required.
Students will be able to:
  • Define and discuss characteristics of interest rate swaps
  • Discuss swap specific risks
  • Understand market participants and the use of swaps
  • Determine and quantify credit exposure in swaps
  • Explore the implications of FAS 133 for swaps
  • Define currency swaps and their application
  • Define, price and explore applications of interest rate options, caps, floors and collars
  • Discuss other types of swaps such as asset and amortizing swaps
"The instructor was incredibly knowledgeable and it was a pleasure to take his class!"
"The class materials are very current."
"The course included many examples and real-life events/cases."
"A comprehensive treatment of the topic!"
"The instructor's knowledge, experience & ability to relate to real world situations were a real plus!"
Swaps 1
Introduction - Course Overview

    Interest Rate Swaps

    • Definition of an interest rate swap
    • Plain vanilla swaps
    • Characteristics and features of interest rate swaps
    • Why enter into a swap
    • Interest rate swap pricing

    Risks Specific to Swaps

    • Identify the different risks associated with swaps

    Other types of Swaps

    • Other types of interest rate swaps
    • Credit Default Swaps
    • Asset and amortizing swaps

    Credit Exposure in Swaps

    • How is exposure measured to counterparties
    • What type of limits are used to manage this risk

    FAS 133

    • Explore the implications of FAS 133 for swaps

    Currency Swaps

    • Define a currency swap
    • Terminology
    • Applications of currency swaps
    • Types of Currency Swaps: fixed:fixed, Floating:fixed, floating:floating
    • Pricing and valuation

    Interest Rate Options: Caps, Floors and Collars

    • Definition of interest rate options
    • Pricing and application of caps, floors, and collars

Clients who register for this course will receive a complimentary 6 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process, and are limited to one per client. For questions about your subscriptions call 800-628-8088 or email uscirculation@ft.com. US and Canada enrollees only.

Lunch included for all students taking day classes.