SEMINARS AND WORKSHOPS
MAIN THEMES
Duration for each theme: 1 or 2 days
Language: French and English
Public :
Relationships managers, RM juniors, Assistants (es) de gestion, Advisory investment, Services des opérations
Fonctions transverales IT, Controlleurs...
1- EQUITY AND FINANCIAL MARKETS- 1 day
Overview of the Stock Market role in the actual economy.
Participants,
pricing methodology (orders and execution),
equity market products,
hedging tools
and new trading platforms.
2- CORPORATE ACTION – 1 day
Key players.
Regulation driven vs voluntary Corporate Events.
IPO, Stock split, spin off, dividend payments in stocks or in cash, Capital Increase, Take-over bids, etc.
3- DELIVERY AND SETTLEMENT SYSTEMS – 1 day
Cash systems
Settlement modes
Safekeeping, Custody
International vs domestic infrastructures (SWIFT, IBAN, SEPA, etc)
4- FUNDAMENTAL AND MACROECONOMIC EVENTS -1 or 2 days with screens and applications
Economic concepts (Growth cycles, productivity, prices, inflation, trade and debt balance)
Monetary policy and Interest Rate Mechanisms (Central Banks, Yield curve and impacts on the financial markets)
Global economic indicators and their influence
Current macroeconomic environment and impact of the financial Crisis
5- FOREIGN EXCHANGE MARKET – 1 or 2 days with screens and applications
Characteristics and market conventions of the FX Markets
Standard FX instruments : Spot, Forward, FX Swaps
Hedging a commercial FX exposure
6- FORWARD CONTRACTS – 1 day
OTC Markets vs Exchanges
Forward Prices mechanism : discount and premium
Forward/forward and FRA
Hedging with forward instruments
7- FUTURES AND E-MINI – 1 or 2 days with screens and applications
Exchanges mechanism and infrastructure
Risk and protection systems (Deposit, Margin call, Open position, limit Up-down)
Rationale for E-mini
Hedging and Positioning
8- INTEREST RATE FORWARD AND FUTURES – 1 day
Pricing mechanism
Main uses : hedging and Speculative positioning
Risk and protection systems applied to Interest Rate products (Deposit, Margin call, Open position, limit Up-down)
Delivery mechanisms for futures contracts : Convergence and Cheapest to deliver
9- INDEX FUTURES - 1 or 2 days with screens and applications
Pricing mechanism
Main uses : hedging and Speculative positioning
Risk and protection systems applied to Interest Rate products (Deposit, Margin call, Open position, limit Up-down)
Hedging Ratios
10- INTRODUCTION TO VANILLA OPTIONS - 1 or 2 days with screens and applications
Options mechanisms and basic positions
Risks/Returns analysis
Introductions to pricing models
11- OPTIONS and FUTURES- 2 days
Pricing mechanism
Main uses : hedging and Speculative positioning
Risk and protection systems applied to Options (Deposit, Margin call, Open position, limit Up-down)
Hedging Ratios
12- COMPLEX AND EXOTIC OPTIONS – 1 day
Cap, Floor and Collar Options : difference vs IR options
Characteristics of Exotics options
Main uses of the most popular Exotics Options
13- OPTION STRATEGIES AND RISK ANALYSIS FROM CLIENTS POINT OF VIEW - 1 or 2 days with screens and applications
Single Option strategies case studies
Spread Strategies
Static vs dynamic Hedging (roll over, calendar spreads, etc)
14- INTEREST RATE SWAPS – 1 day
Interest Rate Derivatives mechanism and how to use them
Various case studies to analyse and understand risks attached
15- BOND PORTFOLIO MANAGEMENT – 2 days
Fundamentals for managing a bond portfolio
Bond asset classes and pricing using Yield curves, Zero-coupon rates and forward rates
Measure of the performance
Book management strategies
16- STOCKS MARKET – 1 day
Shareholders and the rights attached
Deep analysis of the various equity market products from common stocks to hybrid products
IPO, increase of Capital and dividend payments
Take-over
17- EQUITY PORTFOLIO MANAGEMENT – 2 days
Fundamentals for managing a equity portfolio
Equity asset classes and characteristics
Measure of the performance
Book management strategies: dynamic, index tracking and alternatives
18- FUNDS AND ASSET MANAGEMENT: CHARACTERISTICS – 1 day
Regulatory environment
Detailed analysis of the fund organisation (sponsor, AMC, custodian, etc)
Types of Funds (open-end, closed end, unit investment trusts, exchanged traded funds)
Issue Price, NAV, Fees and Taxation
19- FUNDS AND ASSET MANAGEMENT: ANALYSIS AND CRITERIA FOR SELECTION – 1 or 2 days with screens and applications
Funds categories from Money Market Funds to Absolute Return Funds
Management styles
Risk Indicators
Performance measure
Selection based on ratios
20- FUNDS AND ASSET MANAGEMENT: ALTERNATIVE STRATEGIES – 1 day
Hedge Fund Industry
Hedge funds vs Traditional Asset Management
Hedge Fund various strategies
Risks analysis
21- STRUCTURED PRODUCTS – 1 day
Rationale for Structured Products
From prototypes to commoditised instruments
Structured Products categories
Detailed analysis of the most common used Structured Products
22- FUNDS AND ASSET MANAGEMENT: READING AND UNDERSTANDING A FACT- SHEET – 1 day
Detailed Analysis of all the information included in funds documentation
Revew of the terms and concepts when reading a fact-sheet
23- STRUCTURED PRODUCTS: READING AND UNDERSTANDING A TERM-SHEET – 1 day
Detailed Analysis of all the information included in the documentation
Review of the terms and concepts when reading a term-sheet
24- RATING AGENCIES – 1 day
Rationale for Rating Agencies
Methodologies and Rating criteria
Default Risk and Recovery Value
25- CHARTS AND TECHNICAL ANALYSIS INTRODUCTION – 1 day
Charts analysis and interpretation : support, resistance, trend, channel, gap
Identifying the main chart patterns
Technical Analysis from simple moving average to complex indicators for overbought/oversold situations and divergence
26- HIGH FREQUENCY TRADING: INTRODUCTION – 1 day
What is High Frequency Trading ?
Difference with traditional trading
Actual market share
Analysis of the most used strategies
Misusing and abuse : Flash crash
Regulators response
27- SECURITISATION – 1 day
Objectives and basic principles for a securitisation
Mechanisms and Structures
Detailed analysis from ABS to synthetic CDO structures
Risks analysis : financial and legal
Role and impact on the financial crisis
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