STRUCTURED PRODUCTS ADVANCED
PROGRAM OUTLINE
We will look at typical equity-linked note offerings. What are the? How are they constructed? Who uses (should use) them? What are the benefits and risks? What are there in rates, credit and FX world? What are the most frequently asked questions by investors?
PRE-REQUISTES
An awareness of options pricing, preferably via a course like Option Pricing 1, part of this series or classes.
CONTENT
• Basic building blocks; stocks and bonds
• Convertible bonds as structured products
• Risk-management products; calls and puts
• Greedy, cheap and scared investors
COURSE DURATION
1 Day
WHO SHOULD TAKE THIS COURSE?
Should appeal to staff and clients from all asset classes and in particular private client advisors
MODULES
These courses are included in this module
OPTION PRICING 2
Students will understand how to use a binomial risk-neutral option valuation model This will lead directly to the Cox-Ross-Rubenstein version. Students will then be able to use this model to initially call European options, but will quickly be able to move on to using this model to call American options and many exotic options. Students will understand the principles and assumptions underlying Black-Scholes, and will master the pricing formula.
LEARN MOREEXOTIC DERIVATIVES
To understand the reasons for using exotic over standard options and gain insight into why exotics are sometimes more expensive or cheaper.
GET STARTEDINTEREST RATES SWAPS AND SWAPTIONS
Understand items on swap term sheets. Learn what drives value of a swap as the rates market moves. How to use swaps to hedge cashflow, risk or mark-to-market risk. Then look at the swaptions markets as a direct extension of what has already has been done.
LEARN MORECREDIT DERIVATIVES
To understand the basic products and the drivers of value in the credit world.
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