Training Courses

Capital Markets Explained

Category: Capital Markets

Course level: Introductory

In house

This two-day course provides an accurate and in-depth understanding of how the international capital markets operate.

No prior knowledge is assumed and all terms will be fully explained. Case studies form an integral part of this course, enabling the delegates to consolidate the information and provide the basis for lively, fast-paced group discussions.

Objectives

By the end of the course, delegates will have an improved understanding of:

  • capital flows between corporates, governments and investment
  • institutions equity markets
  • fixed income markets
  • foreign exchange
  • money markets
  • derivatives
  • the international regulatory environment

Length

2 days

Course Content

Economic fundamentals

How money circulates around the economy

Basics of fixed income

Government bonds
Corporate bonds
Eurobonds
Interest vs redemption yield
Calculating the fair value of a bond
Convertible bonds
Bonds with warrants
Trading and settlement in the fixed income markets
Quiz: Understanding the bond markets

International equity markets

Ordinary shares, preference shares, ADRs, etc.
Stock markets, settlement – custody, nominees, etc.
Comparing equities and fixed income securities
Valuing equities
Trading and settlement in the equity markets

New issues

Offers for sale
Placing
Rights issues
Privatisations and flotations
Quiz: Understanding the equity markets

Money markets

Commercial Paper (CP)
Certificates of deposit (CDs)
Repurchase agreements (repos)
Quiz: Understanding the cash and money markets

Foreign exchange
 
Quote conventions
Calculating cross rates
Spot rates
Forward rates
Case study: Trading currencies

Unravelling the mysteries of derivatives

Futures
Forwards
Options
Swaps and CFDs
Case study: Margining a futures contract
Case study: Hedging using index futures
Case study: Using Treasury bond futures
Worked example of a CFD

Regulating the capital markets

Role of the FSA, SEC, EC and CESR
Insider dealing and market abuse regimes
Money laundering
EU Directives
   UCITS 
   MiFID

This course would be suitable for:

  • Client services and call centres
  • Finance and accounting
  • HR and training
  • Investment administration and operations
  • IT and software developers
  • Legal & Compliance
  • PR and recruitment firms
  • Sales and marketing

This course would be suitable for these exams:

  • IMC
  • SII Certificate - Securities
  • SII IAQ - Introduction to Securities & Investments
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