• Collateral Markets Fundamentals

    Course description

    Why attend this class?

    • Secured loans have long existed as an effective financing solution for corporations, financial institutions and individuals. Have you ever heard about other variations such as collateral swaps and total return swaps and wondered what the motivations for these other structures are? Then this class is for you 
    • A key component in the financing market is a bank. Learn in this class how banks capture the risk mitigation effect of collateralization depending on whether the exposure is a banking book or trading book exposure and whether the collateral is liquid or illiquid 
    • Learn in this class the key collateralized financing structures, who use them and their impact on the balance sheets of banks acting as intermediaries in these trades 
    • Learn in this class the essential considerations in the assessment of the liquidity of the collateral and the determination of the haircut on the collateral in the pricing of such structures 
    In Person
    Online
  • Derivatives Fundamentals

    Course description

    Why attend this class?

    • Do you know how a forward or futures contract is priced? Is the pricing dependent on the view about what the underlying price will be in the future? A probability distribution of the returns of the underlying is usually used in the pricing of an option; doesn’t that mean that the pricing is dependent on a view about the probable outcomes of the underlying price at expiration of the option? Traders often say “if you know how to hedge, you know how to price”; what does that mean? You will learn in this class it is possible to answer these fundamental technical questions about derivatives without the need of “rocket science” 
    • Also learn in this class the construction and pricing of various option strategies, how to draw their breakeven payoff graphs, and how traders and investors use these strategies 
    • Learn in this class the all-important option risk measures, the so-called option greeks; and understand them as P/L drivers of option positions 
    In Person
    Online
  • Derivatives Primer

    Course description

    Why attend this class?

    • Have you ever heard about forwards, futures, swaps and options and wondered what they are, why they exist and how they are used? Then this class is for you 
    • Learn in this class the mechanics of forwards and futures, the mark to market and the final settlement processes and how market participants use these products in the equity, fixed income, FX and commodity markets  
    • Learn in this class the cash flow, risk and reward, and uses of swaps in the equity, interest rate, credit and FX markets 
    • Learn in this class the essential terminologies associated with options such as strike price, expiration and volatility, the key value drivers of options and the corresponding risk measures (option greeks) and the value propositions of option trades 
    In Person
    Online
  • Equity Market Fundamentals

    Course description

    Why attend this class?

    • You likely have heard of stocks and stock markets; but do you know where stocks trade? What drives stock markets and what are the value propositions of various market participants? Are stocks the only instrument used in the equity market? Have you heard people claim to be able to predict the stock market using information from the futures or option markets? How is that possible? Also, in today’s world, you must get to know what an exchange traded fund (ETF) is. This class provides answers to these fundamental questions about the equity markets from an overview perspective 
    • Learn in this class about how trade orders are filled, the various trading venues such as public exchanges and private markets, what best execution means and the fundamental idea of algorithmic trading 
    • Learn in this class the basics of equity derivatives such as index futures, stock options, VIX index and ETFs and get an idea how the derivative markets are related to the cash market 
    • Learn in this class the common value drivers of stocks market participants look at, the metrics they often use to measure price and value, such as price-earnings ratio, and the value propositions of investors and traders, including smart betas 
    In Person
    Online
  • Financial Statement Analysis

    Course description

    Why attend this class?

    • While this class works with the financial statements of companies, it is not an accounting class. Instead, it is a class about how to understand the business performance of companies. What are the value drivers of a company? How do we organized the many numbers in the statements to extract information about the performance of the company relative to these drivers? What are the common adjustments to the numbers analysts make so that their results are more comparable across different companies or different time periods for the same company? This class provides answers to these interesting questions by looking at the fundamental principles and the techniques for company analysis 
    • Learn in the class how to identify the value drivers of companies using some interesting examples 
    • Learn in this class the various ratios calculated from the financial statements for the measurement of the efficiency of the investing, operating and financing activities of a company 
    In Person
    Online
  • Fixed Income Fundamentals

    Course description

    Why attend this class?

    • While stock investment is termed a capital gain strategy, bond investment is termed an income strategy. How are they different? What drive fixed income returns and what are the risks? There are multitudes of fixed income instruments; how can we linked them to the value objectives of fixed income investment? What about fixed income derivatives? How are they used in relation to various fixed income value propositions? This class provides answers to these fundamental questions about fixed income from a broad overview perspective 
    • Go through in this class a revision of the essential interest rate and bond mechanics using a practical and intuitive approach 
    • Learn in this class various fixed income instruments and how they are used in different investment funds to achieve the desired value objectives 
    • Learn in this class the basics of fixed income derivatives, such as forward rate agreement, interest rate futures, interest rate swap, basis swaps, credit default swaps and bond futures; and how they are used 
    In Person
    Online
  • Fundamentals of Risk Control in Banks

    Course description

    Why attend this class?

    • How are the risks faced by a bank different from the risks faced by other types of companies? More intriguingly, both a bank and an investor face market risk and credit risk; so, is a bank like an investor? Is the business of a bank taking large bets about the markets? These questions highlight the need to understand the business of a bank in order to understand the nature of the risks it faces. Risk control starts with the construction of a control framework which is aligned to the risk concerned; so how do the frameworks for the various risks look like? What are their commonalities and differences? What are the regulatory capital treatments for these risks? By answering these questions, this class provides a holistic view of risk control in a bank and at the same time overviews of the various risk disciplines 
    • This class aims to foster an understanding of the risks a bank faces and the importance of protecting the capital of the bank by applying the appropriate risk control frameworks to align the bank’s risk-taking activity with its capacity to take risk 
    • Learn in this class the control frameworks for credit, market, operational, funding and liquidity risks, especially the measurement of these risks 
    • Learn in this class how these risks contribute to risk weighted assets in regulatory capital treatment 
    In Person
    Online
  • FX Fundamentals

    Course description

    Why attend this class?

    • What is a currency? What is it for? What makes it cheap or expensive? What is the benefit holding it? Is it an asset class? Is bitcoin a currency? Besides these macro questions about FX, people are also often confused with the language used in the FX market: “bid for one yard of Dollar-Yen”; “Euro-Dollar front end risk reversals have been the main movers today”; what do they mean? This class provides answers to these fundamental questions about FX from a broad overview perspective 
    • Learn in this class the drivers of FX, such as trade flows, capital flows, interest rates, central bank actions and trading activities in the FX market; and how to interpret their effects 
    • Learn in this class how FX spots, forwards and swaps are quoted and traded, how these instruments are related, especially with respect to their pricing, and how they are used in hedging and implementing views 
    • Learn in this class the basics of FX options, how they are quoted and used, their value drivers and how the FX volatility market trades, including the meaning of volatility skew and term structure 
    In Person
    Online
  • FX Hedging and Derivative Strategies

    Course description

    Why attend this class?

    • Foreign investments are exposed to FX risk. How can we hedge the FX exposure? If we hedge, does it mean we are able to preserve the return of the assets? In other words, how will the value of the combined positions react to changes in the value of the underlying assets and liabilities, foreign exchange rates and interest rates? Is it better to hedge or not to hedge? What is the difference between hedging using forwards and hedging using options? How are exotic options useful, for example, in corporate hedging? What about embedding FX derivative strategies in structured products? Attend this class to find out the answers to these important questions 
    • Learn in this class an intuitive way to understand the P/L of an FX hedged investment by thinking about the pricing of an FX forward based on carries, the so-called interest rate parity 
    • Learn in this class the importance of managing the cash flow in corporate hedging and the use of exotic options 
    • Learn in this class the basic FX structured products and their exotic variations catering to varying value objectives 
    In Person
    Online
  • Introduction to Financial Markets

    Course description

    Why attend this class?

    • What is the function of a financial market? Who are the participants in the markets? What are their objectives? What are the businesses of the “middlemen”: the banks, brokers and market makers? What is a stock, a bond, a loan and a currency? How are these instruments quoted and traded? How to think about their value and risk? What are derivatives? This class provides answers to these basic but important questions about the financial markets from an overview perspective
    • Learn in this class the financing activities of corporations, different types of funds and their investment propositions, and the roles of financial intermediaries with respect to liquidity in the financial markets
    • Learn in this class the typical products in the equity, fixed income and FX markets, how these markets trade and how investments are positioned with respect to risk and return
    • Get a brief overview in this class what derivatives are and how they are related to the cash instruments or physical underlying
    In Person
    Online
  • Linear Interest Rate Strategies

    Course description

    Why attend this class?

    • As the name suggests, a fixed income investment aims to collect an income from its investments such as bonds. Is holding to maturity the best strategy? If not, what is the price effect to return rolling the positions? If interest rates are expected to rise, should investors shorten the duration of their investments? Is trading based on a view that the yield curve will steepen about income? A linear strategy is based on underlying prices, rates or spreads going higher or lower; one such strategies involves treasury bond futures basis; what is it and how is it related to the yield curve? Attend this class to find out the answers to these important questions related to fixed income 
    • Learn in this class how interest rate risk premium is harvested using the “roll down the curve” strategy and how to decompose investment return into income, price effect due to roll down and rate move 
    • Learn in this class interest rate hedging using swaps and zero duration ETFs 
    • Learn in this class trading strategies for implementing views about the shape of the yield curve 
    • Learn in this class the structure of bond futures and what bond basis trading does 
    In Person
    Online
  • Option Strategies for Trading and Investing

    Course description

    Why attend this class?

    • You may have heard of interesting names related to option trades: cover write, protective put, vertical spread, calendar spread, straddle, strangle, butterfly and condor; what are they? Are they just gimmicks? Otherwise how are they useful? Is a trade for a buyer or seller? Even for a single plain vanilla option, there is the question of what strike and maturity to use; that is a question about strategy. This class helps you understand what these strategies are and how they are used, not as a bag of tricks but as a systematic way to implement value propositions 
    • Learn in this class risk and payoff profiles of various option strategies 
    • Learn in this class how to understand these strategies by relating them to value objectives such as leverage, protection or harvesting risk premium 
    • Learn in this class the important metrics, such as breakeven, option greeks and the breakeven among the greeks, for measuring the effectiveness of a strategy 
    • Learn in this class how volatility smile and volatility term structure affect the construction of option strategies 
    In Person
    Online
  • Client Focus

    Course description

    How can you do the best for your clients whilst doing the best for your firm too? Successful firms should provide their service whilst preventing harm to their clients. After all, what is a firm there for if not to service its clients? Putting your clients front and centre of everything you do is much more than just a regulatory obligation, but poor judgement can sometimes get in the way. Key topics that we deliver on: 

    • Complaint handling 
    • Treating customers fairly 
    • Vulnerable customers 

    Course materials

    In Person
    Online
  • Culture & Conduct

    Course description

    “Culture may not be easily measurable, but it is manageable. Firms can and should take responsibility for ensuring their culture is healthy for both their employees and customers, which can complement and support their business strategy”

     The challenge for your organisation is how you embed this and what leadership behaviours enable you to address culture at all levels. So how does a firm go about this? How can you be successful while having a good corporate culture? Our courses offer you a chance to explore and develop:

    • Leadership Capabilities for Boards & Senior Managers
    • Senior Managers & Certification Regime
    • Transforming Culture in Financial Services
    • Speaking Up

    Course materials

    In Person
    Online
  • Financial Crime

    Course description

    The impact of financial crime goes beyond fines and penalties. Just consider all the negative effects of criminal activities, human trafficking and the impact of drugs on society as a whole. It’s important to society, families, friends, employers and all of us that we seek to keep the launderers out of the financial system. Is it not obvious enough, so why do we prefix with anti in front of these topics? Heard it all before? Let’s us focus your minds on the practical steps you need to take:

    • Anti-bribery and corruption
    • Anti-money laundering
    • Fraud prevention
    • PEP - Politically Exposed Persons
    • Sanctions
    • Tax Evasion

    Course materials

    In Person
    Online
  • Market Conduct

    Course description

    The Financial Conduct Authority (FCA) expects both firms and individuals to exhibit proper standards of market conduct, but what does this really mean? Conduct is a broad and far reaching topic and we’ve continually witnessed widespread failings in financial services. The epicentre of everything that happens within a regulated firm conduct must remain a central focus. Across this topic, we present a programme of key workshops that together cover all your bases, or simply pick and choose the ones you most need. 

    • Conduct counts workshop
    • Conflicts of interest workshop
    • Market abuse workshop
    • MiFID II knowledge & competency workshop

    Course materials

    In Person
    Online
  • I want to improve my communication skills...

    Course description

    • Communicating with style
    • Communicating to get results
    • Persuasive presentations
    • Writing better business communications
    • Using stories in presentations
    • Communicating up, down and across

    Course materials

    In Person
    Online
  • I want to be a more effective manager/leader...

    Course description

    • Career conversations
    • Managing performance
    • Difficult conversations
    • Instilling a feedback culture (or giving and receiving feedback or informal and formal feedback)
    • Coaching for success
    • Managing virtual teams
    • Managing up, down and across

    Course materials

    In Person
    Online
  • I want to understand myself better and plan my career...

    Course description

    • Taking charge of your career
    • Recognizing and using your strengths
    • Coaching mindset
    • Your personality at play

    Course materials

    In Person
    Online