This workshop explains how selected derivatives work, how they can be used and the risks they can present.

Who is this course for?

The course is particularly relevant for those who work with derivatives on a regular basis in the areas of operations, finance, trade support, risk, valuations, accounting and audit.

What is the level?

The course is called an introduction and assumes no prior knowledge of derivatives. There will be a mixture of presentation material, case studies, questions and answers.

This is what you will learn:

• The differences between exchange traded and OTC products;
• How these products work;
• What they are used for;
• The main market and operational risks that arise;
• Valuations and credit exposures;
• The operational issues involved.

Course date 24th April 2012.

Course fee £595 + VAT per person.

Cancellations may be made up to 20 days before the event. A £50 administrative charge will apply. Refunds cannot be made for later cancellations but substitution can be made at any time.

If you prefer an invoice please contact us.

Also available as an in-house course

This course has expired

Venue
London

Course Director
William Webster

Questions
Any questions about this course?

Course Summary

Morning

Introduction

• What a derivative is
• Why derivatives are used
• Why the market has grown
• Exchange traded derivatives
• Over the counter derivatives
• Derivative terminology

Interest rate futures

• What is being traded
• What prices show
• Margins, profits and losses

Forward rate agreements

• What they are
• How they work

Interest rate swaps & currency swaps:

• What they are
• How they can be used
• Hedging:
• New issues & debt
• Asset swaps
• Trading: rates & spreads
• How swaps are valued
• How they are documented
• Importance of the confirmation

Afternoon

Interest rate options

• Caps / floors /swaptions
• How they work

Practical application

• Credit default swaps, (CDS)
• How a CDS trade works
• What the premium is
• What happens if there is a credit event
• How CDS are used

Derivatives & credit risk

• How credit risk occurs
• Mitigation by collateral management

Operational issues

• Trade Lifecycle
• Trade capture
• Accuracy
• Confirmations
• How derivatives have caused problems
• How financial institutions have experienced losses as a result of weak controls surrounding derivatives

End of workshop & review

What do people think about this course?

 "I found the course very beneficial and very informative".

NT, Operations Department

"I found this course excellent and beneficial to my derivative knowledge".

NB, Corporate Operations

"Very well presented and I found it very informative. Having had minimal knowledge I feel I have gained a lot of very relevant information".

FC, Compliance Manager

"I found the course very beneficial & William was very willing to explain the material & examples".

RD, Accounting Department

"Excellent course and very relevant".

NB, Treasury Finance

"Just the right opportunity to cover topics".

JC, Relationship Manager

“It was clear & concise.”

DH, Derivatives Project Team

Course Director

William Webster has 27 years of practical financial markets experience. He has worked for Barclays, First Chicago, BNP and ANZ. From 1994 to 1999 he was Head of Treasury at Nacional Financiera, London branch. He has first hand experience of trading foreign exchange, money market, fixed income and derivative products in both mainstream and emerging markets.

William established Barbican Consulting Limited in 1991 in response to the need for practical financial training.  He now runs this business on a full time basis undertaking training & consultancy for an established client base of financial institutions in Europe. He holds a degree in Banking and Finance, together with an MBA from City University, is an Associate of the Chartered Institute of Bankers and a member of The Institute of Directors.

In the words of one client "William knows his stuff".