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Swaps - Fundamentals - On-site Course
The Introduction to Swaps seminar provides participants with a broad introduction to each of the major types of swap contracts and their applications. The presentation will explore contract features, pricing and markets as well as how swaps are used by market participants in a variety of trading and hedging strategies.
The session will begin with a brief overview of the evolution of the swap market and the general characteristics of swap contracts. The balance of the session will split approximately 2/3 and 1/3 between forward commitment swaps (interest rate, cross-currency, equity and commodity) and credit default swaps. The segment devoted to each different type of swap will begin with a discussion of the typical features encountered with the contract under consideration (basic structures, common variations, unique characteristics) followed by an examination of the cash flows on swap positions (settlement value of the legs, daily settlement of cleared swaps) as well as an introduction to swap pricing and valuation.
After discussing the economic characteristics of each type of swap, the presentation will move on to an investigation of the commonly employed risk management and trading applications for each. In context, the presentation will also address a variety of trading related factors (OTC clearinghouses and Swap Execution Facilities – SEFs) and regulatory issues (SEC/CFTC regulation, Dodd-Frank).
Who should attend?
This course is suitable for Derivatives Investment, Compliance, Operations and IT Staff.
- Introduction to swaps
- Forward commitment swaps
- Interest rate swaps
- Cross-currency swaps
- Equity swaps
- Commodity swaps
- Credit default swaps
Participants of this program will receive 7 CPE credits.
Financial Markets World - Leading Financial Training
Financial Markets World (FMW) is a leading provider of financial training to the global financial community. FMW offers cutting-edge training courses that cover the breadth of the global financial services industry, and address current industry requirements. All of FMW's training...