Telephone: +44 (0)20 7920 9128
A foundation course that explains how banks work, why they are involved in money markets, the main products and how and why liquidity is managed.
It is suitable for those working in or around financial markets who need to know more.
There are simple examples with time for questions and answers.
This course is only available in-house and is suitable for up to 12 people.
This is what is covered:
Learn about the following: Why managing liquidity is important. The products used. Loans and deposits. Libor and Euribor. Simple interest calculations. Certificates of deposit. Discounting. Commercial paper. Credit and interest rate risk.
31st March 2014
Money Markets • Pre and post 2007 • Maturity transformation • Regulatory response • Real money • Loans, deposits, CDs, CP, T-bills, reserve accounts • How markets changed
13th September 2009
If you borrow or save money at your local bank I expect the sums involved are normally small but when banks deal with each other the amounts are much larger. This market between banks for borrowing and lending cash is known as the interbank or money market. It allows banks with shortfalls to borrow and those with surpluses to lend. Imbalances like this occur everyday and every major currency has its own interbank market. It's at the core of the world's financial system and any disruption to it is potentially disastrous. Let's find out a little more.
7th February 2012
Should a long dated mortgage asset be priced off the long dated cost of money? Or should it be priced off a shorter rate reflecting the fact that firms finance by borrowing short term and rolling this over?