Kursuskatalog Course program Forår Spring

Transcription

1 Kursuskatalog Course program Forår Spring 12

2 Content Welcome 3 Certification Programmes Certified Financial Supporter - NEW 4 Derivatives Introduktion til derivater/introduction to Derivatives 5 Aktiv gældspleje med derivater 6 Pricing and Hedging Interest Rate and Cross Currency Swaps 6 Alpha, Beta and Risk Budgeting using Derivatives in Equity Portfolios 7 Bond Analysis Det danske obligationsmarked 8 Corporate Bonds and Credit Trading 9 Danske realkreditobligationer 9 Understanding Inflation Products 10 Risk Management Risikostyring og kontrol 10 Risk Management in the Banking Sector 11 Risk Management i L&P-sektoren 11 Value at Risk Excel Workshops 11 Credit Risk Management 13 Liquidity Risk Management 13 Portfolio Management Performance Measurement 14 Asset Allocation 14 Introduction to Hedge Funds 15 Financial Markets Introduktion til de finansielle markeder 16 FX and the Money Market 16 Introduction to Back-office 17 Financial Applications Excel in Finance (I) using the Built-in Functionality 18 Excel in Finance (II) Introduction to VBA Programming 18 Instructors 19 Course Calendar 20 Welcome Welcome to the spring season of 2012! Above you see a picture of our premises in the very heart of Copenhagen across from Tivoli Gardens and next to hotel The Square. In Stockholm we continue our effort to offer new and exciting courses at the convenience of our Nordic clients. A certification program Certified Financial Supporter is offered this spring in both Copenhagen and Stockholm. The education is relevant for people who work with or support front office in a financial institution or a finance department in a corporate company. The program lasts three times two days over a period of two months and covers: Introduction to the Financial Markets, Derivatives and Risk Management and Control. In between class room sessions the participants will be asked to do small financial exercises and at the last class room session there will be a 1 hour multiple choice exam. As always, we have our cornerstone courses, which we continue to update and which always receive excellent feedback from our course participants. One such course is Pricing and Hedging Interest Rate and Cross Currency Swaps which has undergone a major update to reflect the new pricing paradigm. We look forward to seeing you on our courses in the spring of Best regards, Ulrik Jørgen Carsten 2 3

3 CERTIFICATION PROGRAMMES DERIVATIVES Introduktion til derivater Februar, 2012, København March, 2012, Stockholm Juni, 2012, København Certified Financial Supporter n Futures, Forwards og CFDs n Repos n Optioner n FRAs n Swaps n Renteoptioner n Kredit derivater n Handel og konventioner n Strukturerede produkter København: Dansk Stockholm: Formateriale E-learning på engelsk Niveau/ Introducerende København: januar, februar marts, 2012 Stockholm: January March March, 2012 København: Stockholm: SEK Uddannelsen er relevant for folk der arbejder eller understøtter front office funktioner i en finansiel institution eller en finansafdeling i en virksomhed. The education is relevant for people who work with or support front office in a financial institution or a finance department in a corporate company. n De Finansielle Markeder (s.16) The Financial Markets (p.16) n Derivater (s.5) Derivatives (p.5) n Risikostyring og kontrol (s.10) Bank Risk Management (p.11) n Opgaver Exercises n Eksamen Exam Sprog/ København: Dansk Stockholm: Formateriale /Pre course material: E-learning på engelsk E-learning in english Niveau/ Introducerende/ Introductory Pris/ København: DKK Stockholm: SEK

4 DERIVATIVES Aktiv gældspleje - med derivater (for finansrådgivere) DERIVATIVES Alpha, Beta and Risk Budgeting - Using Derivatives in Equity Portfolios marts, 2012, København 14. June, 2012, Copenhagen n Elementer i finansiel rådgivning n Analyse af en kundes gældsportefølje n Risikofaktorer ved en gældsportefølje n Måling og styring af renterisici n Varighed for konverterbare lån n Forward rate agreements (FRA) n Swaptioner, renteloft/-gulv produkter, optionsteori n Renteswap, T/N swap, Constant Maturity Swap (CMS) n Måling og styring af valutakursrisici n Basis swaps, cross currency swaps, asset swaps n Måling og styring af kreditrisici n Valgfri multiple choice eksamen Dansk Niveau: Mellem n Portfolio Optimisation n A Portfolios Return and Risk Components - Alpha and Beta n Managing the Beta Risk n Full or Partial Macro Hedge of a Portfolio n Managing the Alpha Risk n Alpha Bets through Options n Scenario Analysis n Risk Budgeting and Derivatives n Portfolio Break-down on Risk and Return Parameters n Volatility Risk, Stock Risk and Interest Rate Risk n Portfolio Optimisation with Derivatives n Finding Solutions and Making it Work DKK 6,000 DERIVATIVES Pricing and Hedging Interest Rate and Cross Currency Swaps - Multiple Curves and Collateral consistent pricing May, 2012, Copenhagen n Standard and Non-standard Swaps n The Swap Curve and Zero Coupon Yields n Bootstrapping Zero Coupon Yield Curves n New Zero Coupon Pricing Methodologies n Calculating the Par Swap Rate n Mark-to-Market Valuation of Swaps n Valuation Taking Collateral into account n Swaps with an Up-front Payment n Asset Swaps n Measuring and Managing the Risks of a Swap Book n Advanced Swap Structures Pre course: E-learning 6 7

5 BOND ANALYSIS Det danske obligationsmarked BOND ANALYSIS Corporate Bonds and Credit Trading marts, 2012, København April, 2012, Copenhagen n Centrale aktører på det danske obligationsmarked n Markeds konventioner på det danske marked n Obligationstyper på det danske marked n Obligationer fordelt på udsteder n Beregning og analyse af kurs, pris og effektiv rente n Nulkupon rente og nulkupon prisning n Risikomål for obligationer n Varighed og konveksitet Dansk Niveau: Introducerende/ Mellem n Why Trade Credit Risk? n Ratings, Rating Transitions and Transition Matrices n The Corporate Bond Market n Issuers, Market Conventions and Pricing Methodology n Credit Linked Notes n Credit Spread Trading n Other Tools for Credit Risk Trading n Credit Default Swaps n Collateralised Debt Obligations n Swap Futures Introductory/ medium Jeg har fået en bra grund at stå på - verkligen en bred introduktion! Undervisningsformen har varit bra uppskattar verkligen bra slides på powerpoint samt att man får materialet i en samlad perm. Också väldigt glad for att vi har tilgång til e-learning materialet på nättet BOND ANALYSIS Danske realkreditobligationer maj, 2012, København n Realkreditmarkedets opbygning n Ratings og kreditrisiko n Realkreditlovgivningen n Prepayment modeller n Låntageradfærd n Gevinstkrav n Teoretisk pris n Option adjusted spread n Optionsjusteret risiko n SDO-lovgivning n Produkter i kølvandet på SDO-lovgivningen Dansk Niveau/ Mellem Sara Svensson, Nordea om seminaret Introduktion til derivater i København 8 9

6 BOND ANALYSIS Understanding Inflation Products RISK MANAGEMENT Bank Risk Management 7. June, 2012, Copenhagen March, 2012, Stockholm n Inflation-linked Bonds n Return Components n Break-even Inflation n Investment Strategies n Inflation Products and Risk n Inflation Swaps n Other Inflation Derivatives n Inflation Products and Portfolio Management Medium DKK n Regulation today - BIS II - CRD n Credit Risk Management n Market Risk Management n Operational Risk Management n Liquidity Risk Management n Economic Capital n Regulatory Capital n RAROC n Future Regulation - BIS III - CRD II, CRD III and CRD IV RISK MANAGEMENT Risikostyring og kontrol RISK MANAGEMENT Risk Management i L&P-sektoren marts, 2012, København marts, 2012, København n Udviklingstendenser indenfor risikostyring n Basel II og III n Solvens II n Markedsrisiko på enkeltpositioner n Value at Risk (VaR) n Kreditlines og limits n Kreditrisiko på derivater n Likviditetsrisikostyring og operationel risikostyring n Økonomisk kapital n Controlling n Eksamen Dansk Niveau: Introducerende n Fra nuværende solvensdækning til Solvens II n QIS 5 beregninger n Specielle kendetegn for L&P-sektoren n Rentebegreber i L&P-sektoren n Aktiv passiv mismatch n Begrænsninger på aktivsiden n Begrænsninger på passivsiden n Opgørelse af varighed for aktiver og passiver n Afdækning af mismatch ved CMS-floors, swaptioner og swaps n Afdækningsstrategier for aktie og valutakurs risici Dansk Niveau: Mellem 10 11

7 RISK MANAGEMENT Value at Risk - Excel workshops RISK MANAGEMENT Credit Risk Management May, 2012, Copenhagen 26. April, 2012, Copenhagen n Volatility and correlation: SMA, EWMA and GARCH n Parametric VaR n Delta/Marginal VaR n Component VaR n Expected Tail Loss n Simulation-based Approaches n Back-testing n Stress-testing n Excel Workshops n BIS Recommendations on Credit Risk Management n Credit Risk and Capital Requirements n Economic Capital n Managing Credit Risk using Credit Derivatives n Credit Risk Models n Stress-testing n Credit Risk and the Sub Prime Crises n Lines and Limits n Collateral Management DKK 6,000 RISK MANAGEMENT Liquidity Risk Management 27. April, 2012, Copenhagen Gode kurser, så det er en fornøjelse at skulle tilmelde sig igen og vide, at det foregår på et højt fagligt og informativt niveau. n BIS Recommendations on Liquidity Risk Management n Gap analysis n Ratio analysis n Funding analysis n Stress-testing n Liquidity Risk and the Sub Prime Crises n Market Liquidity Risk DKK 6,000 Pia Mortensen, PFA Pension om seminaret Introduktion til de finansielle markeder og kurset Hegde Funds i København 12 13

8 PORTFOLIO MANAGEMENT Performance Measurement PORTFOLIO MANAGEMENT Understanding Hedge Funds May, 2012, Copenhagen 14. March, 2012, Copenhagen n Problems with Performance Measurement n Return Calculation in Practice n Benchmark Construction n Implementing Risk Adjusted Measures n Sharpe, Jensen and Treynor n Tracking Error n Information Ratio n Attribution Analysis n Derivatives and Return Measurement n GIPS: Global Investment Performance Standards n Definitions and concepts n Hedge Funds vs Mutual Funds n Hedge Fund Strategies n Risk Factors in Hedge Funds n VaR for Hedge Funds n Performance Measurement for Hedge Fund s DKK 6,000 PORTFOLIO MANAGEMENT Asset Allocation March, 2012, Copenhagen n Risk Budgeting n Strategic Asset Allocation n Tactical Asset Allocation n Forecasting Risk and Return n Active Asset Allocation n Alternative Investments n Benchmarking n The Mean-Variance Approach n Understanding the Sharpe Ratio 14 15

9 FINANCIAL MARKETS Introduktion til de finansielle markeder januar 2012, Stockholm januar, 2012, København juni, 2012, København FINANCIAL MARKETS Introduction to the Back-office March, 2012, Copenhagen n De finansielle markeders opbygning n Aktører på finansmarkederne: - Centralbanken - Børsen - Bankerne - Emmitenter og investorer n Pengemarkedet n Valutamarkedet n Obligationsmarkedet n Aktiemarkedet n Handelskonventioner n Prissætning og risiko København: Dansk Stockholm: Niveau: Introducerende/ Introductory København: Stockholm: SEK n The role of back-office in the organization n The flow of transactions n Clearing Houses n Central Securities Depository (CSD) n International Central Securities Depository (ICSD) n Custodians and Accounts n Static Data for Stocks, Bonds and Derivatives n Settlement instructions n Continuous linked settlement (CLS) n Corporate Actions n Confirmation and controls n Accounting Introductory/ Medium FINANCIAL MARKETS FX and the Money Market April, 2012, Copenhagen n Exchange Rate Determinants n The Role of the Central Bank n FX Products and Market Conventions n FX Swaps, Forwards and Options n Exotic FX Options n The Structure of the Money Market n Money Market Conventions and Products n Spot and Forward Markets n FRAs and Deposit Futures n Interest Rate Swaps and T/N Interest Rate Swaps n Interest Rate Options 16 Financial Training Partner has for years trained our staff with great satisfaction. We have sent colleagues to FTPs open courses at a very basic level as well as more advanced courses. In addition to that we have used FTP for tailored in-house training of our staff in Savings and Asset Management e.g. within specific derivative contracts where we had educational needs Ulrik Modigh, Head of Operations, Savings and Asset, Nordea 17

10 FINANCIAL APPLICATIONS Excel in Finance (I) using the Built-in Functionality Instructors March, 2012, Copenhagen n The Financial Library n Day Count Conventions n Goal Seek and Solver n Matrix Calculations n Regression Analysis n Data Analysis n Charts n Pivot Tables n Scenario Analysis n Auditing your Spreadsheet n Drop-downs, Forms etc Introductory Carsten Mygind Feldt is partner at Financial Training Partner. Carsten has 10 years of experience from market making and sales of fixed income derivatives at Unibank, BG Bank and Morgan Stanley in London. Carsten holds a M.Sc. (Economics and Business Administration) and a BA (Finance) from Copenhagen Business School. Jørgen Just Andresen is partner at Financial Training Partner. He was chief financial consultant at SimCorp s course department where he started in Before 1996 he worked at Danske Bank with fixed income research and fixed income sales. He holds a M.Sc. (International Finance) and a BA (Accounting). FINANCIAL APPLICATIONS Excel in Finance (II) introduction to VBA Programming April, 2012, Copenhagen Ulrik Strandgaard is partner and managing director at Financial Training Partner. He was head of the course department at SimCorp, which he joined in From he worked for Bikuben Børs as the head of fixed income research. Ulrik holds a M.Sc. (Economics) from The University of Copenhagen and a BA (Business) from The University of Melbourne. 18 n The VBA Environment - Variables and Naming - Objects and Ranges - Conditional Actions - Loops and Debugging - Message and Input boxes n Build your own: Macros, Procedures and Functions n VBA in Financial Cases On very specialised topics, we use highly reputable external specialists from the financial sector. Furthermore, on accounting and taxation matters, we have a long-term partnership with KPMG in Denmark and Sweden. The instructors have excellent and teaching skills - they use good examples and have a very down to earth way of explaining everything Leena Runukangas, Nordea Bank AB Risk Management seminar in Stockholm 19

11 Courses Spring 2012 UMLOUD UNTD CPH: Copenhagen STO: Stockholm January Course Location Page Introduction to the Financial Markets STO Introduktion til de finansielle markeder CPH 16 February Course Location Page Introduktion til derivater CPH 5 March Course Location Page 1-2 Asset Allocation CPH Introduction to Derivatives STO Det danske obligationsmarked CPH 8 14 Understanding Hedge Funds CPH Introduction to Back-office CPH Excel in Finance (I) - using the Built-in Functionality CPH Aktiv gældspleje CPH Risikostyring og kontrol CPH Risk Management i L&P-sektoren CPH Bank Risk Management STO 11 April Course Language Page FX- and the Money Market CPH Excel in Finance (II) - introduction to VBA Programming CPH Corporate Bonds and Credit Trading CPH 9 26 Credit Risk Management CPH Liquidity Risk Management CPH 13 May Course Location Page 7-8 Value at Risk Excel Workshops CPH Pricing and Hedging Interest Rate and Cross Currency Swaps CPH Danske Realkreditobligationer CPH Performance Measurement CPH 14 June Course Location Page 4-5 Introduktion til de finansielle markeder CPH 16 7 Introduction to Inflation Products CPH Introduktion til derivater CPH 5 14 Alpha, Beta and Risk Budgeting CPH 7 Rådhuspladsen 16, DK-1550 København V Tlf.: , info@ftpcourses.com