Capital Markets Professional Certificate
This introductory program offers a comprehensive survey of capital markets. Money and banking, the role of central banks and the evolving regulatory landscape are reviewed. The program also provides a thorough grounding in the full range of capital market instruments.
CPE Credits: 35
This Professional Certificate comprises the following courses:
- Capital Markets 101: Market Structure, Products and Regulatory Trends (Days 1 - 2)
- Capital Markets: Products, Risks and Strategies (Days 3 - 5)
Prerequisite knowledge:
- Basic MS Excel skills
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Module 1: Capital Markets and Key Participants
- Introduction to Global Financial Markets
- How Banking and Financial Markets Work Together
- Function of Financial Intermediaries: Indirect Finance
- Types of Financial Intermediaries
- Identifying The Key Participants and Their Impact on the Market
- Four Core Markets: Debt, Equity, Money Markets and Foreign Exchange
- Internationalization of Financial Markets
Module 2: Money Markets
- Interbank Loans and Deposits
- Certificates of Deposit
- Commercial Paper
- Repos
- Treasury Bills
- Bankers Acceptances
Module 3: Foreign Exchange (FX)
- Structure of The FX Market
- How the Market Trades
- Understanding FX Prices - Spot Rates
- Reading Prices and Calculating Simple Values
- Calculating and Understanding Cross Rates
- Introduction to FX Forwards
Module 1: Time Value of Money
- Time Value of Money (TVM)
- Present Value
- Future Value
- Valuing Annuities
- T-Bill Yield
- Bond Equivalent Yield
Module 2: Bond Markets and Risk
- Role of Debt in Capital Structure
- International Bonds
- Plain Vanilla Bonds
- Borrowing Structures
- Price-Yield Relationship
- Yield Curves
- Economy/Business Cycle
- Primary Dealers
- Secondary Markets
- Treasury Auction
- Types Of Bond Risk
- Credit Ratings
- Credit Spreads
Module 3: Equity Markets and Trading
- Common Stock
- Preferred Stock
- Rights/Warrants
- Depository Receipts
- Convertible Bonds
- Primary and Secondary Markets
- Dark Pools
- Quote and Order Driven Markets
- Order Execution
- Short Selling
Module 4: Regulation of the Financial System
- Financial Regulators
- Motivation for Regulation and Oversight
- Asymmetric Information and Financial Regulation
- The 1980s U.S. Banking Crisis
- Banking Crisis Throughout the World
- The Dodd-Frank Bill and Future Regulation
- Basel III
Module 1: Equity Indexes
- Market Segmentation
- Index Construction and Weighting
- Bias, Tracking Error and Rebalancing
- Trading and Hedging Strategies using Index Products
Module 2: Equity Valuation
- Uses and Limitations of Valuation
- Valuation Models
- Model Inputs
- Ratio Analysis
- Intrinsic Valuation
- Relative Valuation
- Equity Risk Premium
- Dividend Discount Models
- Method of Comparables
- Enterprise Value and Economic Value Added (EVA)
- Oracle Valuation Case
Module 3: Equity Investment Vehicles
- Mutual Funds
- Hedge Funds
- Private Equity
- Venture Capital
Module 1: Introduction to Derivatives
- Characteristics of Derivatives
- Hedging and Speculative Uses
- ISDA Framework and Regulation
Module 2: Futures and Forwards
- Futures and Forwards Markets
- Exchanges, Clearinghouses and OTC
- Hedging and speculating with Futures
- Trade Execution
- Settlement and Margining
- Bond Futures
- Index Futures
Module 3: Swaps
- History and Evolution of Swaps
- Characteristics & Features of Swaps
- Fundamentals of Pricing Interest Rate Swaps
- Application of Interest Rate Swaps to Hedging Situations
- FX Swaps
Module 4: Options
- History and Evolution of Options Market.
- Options Terminology
- Evaluate Risk/Reward - Payoff Profiles & Break-Evens
- Identify Basic Characteristics of options, caps & floors and swaptions
- Identify Factors of Options Pricing
Module 1: Credit Derivatives
- Define and Identify Credit Derivatives
- Total Return Swaps And Credit Default Swaps
- Identify Mechanics Of Basket and Portfolio Credit Default Swaps
Module 2: Equity and Bond IPO Participants
- Company Management
- Board of Directors
- Counsel
- Independent Accountants
- Pre-IPO shareholders
- Managing Underwriters
- Underwriter’s Counsel
- Research Analysts
- SEC
- Corporate Bond Issuance
Module 3: Timing and Major Steps in IPO Process
- Pre-Organizational Meeting
- Organizational Meeting
- Post-Organizational Meeting
Module 4: Desk Ready Skills Knowledge Check