Kursuskatalog Course program Efterår Autumn

Transcription

1 Kursuskatalog Course program 15 Efterår Autumn

2 Content Certification Programs Certificeret Finansiel Supporter Certified Financial Supporter (Stockholm) Derivatives Introduktion til derivater Introduction to Derivatives (Stockholm) Pricing and Trading Swaps Regulation New Regulation in the Financial Markets an Update Risk Management Risikostyring og kontrol Risk Management and Control (Stockholm) Counterparty Risk - CVA and CCP Value at Risk Liquidity Risk Management / New Course Financial Applications Excel in Finance Bond Analysis Det danske obligationsmarked Corporate Bonds and Credit Trading Financial Markets Introduktion til de finansielle markeder Introduction to the Financial Markets (Stockholm) The FX and Money Market Danske pengeinstitutter Introduction to Back Office Portfolio Management Asset Allocation new challenges / New Course Performance Measurement Financial Math Introduction to Quantitative Methods in Finance Instructors Course Calendar

3 CERTIFICATION PROGRAMS Certificeret Finansiel Supporter København Modul 1: september Modul 2: oktober Modul 3: november, 2015 Uddannelsen er relevant for folk, der arbejder i eller understøtter front office funktioner i en finansiel institution eller en finansafdeling i en virksomhed. Modul 1: De finansielle markeder (aktier, obligationer, pengeog valutamarkedet) Modul 2: Derivater (futures, optioner, repo er, swaps, FRA er, caps/floors, swaptioner, kreditderivater) Modul 3: Risikostyring og kontrol (markeds-, kredit-, likviditetsog operationel risiko, lovgivning, controlling) Opgaver Eksamen Sprog: Dansk Formateriale: Diverse artikler og e-learning moduler Niveau: Introducerende Pris: DKK The Certified Financial Supporter program combines an up to date introduction to the financial markets and financial derivatives with a risk management perspective. An ideal combination if you work in an environment where a general understanding of either one or all of the subjects is needed. Altogether the program lived up to my high expectations which were only made possible by the instructor s professional and userfriendly way to pass on their knowledge. Mikkel Brix Jensen, Certified Financial Supporter graduate,

4 CERTIFICATION PROGRAMS Certified Financial Supporter Stockholm Module 1: September 14-15, Module 2: October 12-13, Module 3: November 10-11, 2015 The education is relevant for people who works with or supports front office in a financial institution or a finance department in a corporate company. Module 1: The Financial Markets (the money, the FX, the bond and the stocks markets) Module 2: Derivatives (futures, options, repo s, swaps, FRA s, caps/ floors, swaptions, credit derivatives) Module 3: Risk and Control (market, credit, liquidity and operational risk, BIS III, controlling) Exercises Exam Pre course material: Articles and e-learning modules Introductory SEK

5 DERIVATIVES Introduktion til derivater oktober, 2015, København Markedspladser, OTC, central clearing OTC-derivater Børsnoterede derivater Futures, forwards og CFD er Repo er Optioner FRAs Swaps Renteoptioner Kredit derivater Handel og konventioner Strukturerede produkter Sprog: Dansk Niveau: Introducerende Pris: 5

6 DERIVATIVES Introduction to Derivatives October 12-13, 2015, Stockholm Exchange Traded- versus OTC-derivatives Central Clearing Futures, Forwards and CFDs Repos Options FRAs Swaps Interest Rate Options Credit Derivatives Trading Market conventions Introductory SEK DERIVATIVES Pricing and Trading Swaps - Multiple Curves and Collateral Consistent Pricing November 26-27, 2015, Copenhagen New Zero Coupon Pricing Methodologies Calculating the Par Swap Rate How to Incorporate the Basis Standard and Non-Standard Swaps The Swap Curve and Zero Coupon Yields Bootstrapping Zero Coupon Yield Curves Mark-to-market Valuation of Swaps Valuation taking Collateral into Account Swaps with an Up-front Payment Asset Swaps Measuring and Managing the Risks of a Swap Book Advanced Swap Structures Intermediate 6

7 REGULATION New Regulations in the Financial Markets - an update November 19, 2015, Copenhagen New Capital Requirements for Credit Institutions Systemically Important Financial Institutions Countercyclical Buffer and Conservation Buffer Phasing in the Requirements Bank Recovery and Resolution Directive Centralizing Financial Supervisory Authority Liquidity Requirements Liquidity Coverage Ratio Net Stable Funding Ratio Capital Requirements for Market Risk EMIR Intermediary DKK

8 RISK MANAGEMENT Risikostyring og kontrol november, 2015, København Måling og styring af: Markedsrisiko Kreditrisiko Likviditetsrisiko Operationel risiko Seneste regulering (CRD/CRR IV, EMIR) Økonomisk kapital RAROC Controlling Limits Risikostyring på portefølgeniveau Sprog: Dansk Niveau: Videregående Pris: 8

9 RISK MANAGEMENT Risk Management and Control November 10-11, 2015, Stockholm Regulation Today Credit Risk Management Market Risk Management Operational Risk Management Liquidity Risk Management Portfolio Risk Management (VaR) Economic Capital Regulatory Capital RAROC Controlling Limits Intermediate SEK RISK MANAGEMENT Counterparty Risk, CVA and CCP December 2-3, 2015, Copenhagen Rules for Clearing OTC products Central Clearing Parties (CCPs) Counterparty Risk Management Collateral Management Netting Non-Centrally Cleared Derivatives Measuring Counterparty Risk Credit Value Adjustment (CVA) Debt Value Adjustment (DVA) Funding Value Adjustment (FVA) New Approaches for Pricing OTC-derivatives Intermediate 9

10 RISK MANAGEMENT Value at Risk October 29-30, 2015, Copenhagen The Delta Normal Approach The Historical Simulation-based Approach Monte Carlo Simulation Stresstesting Backtesting Volatility and Correlation Estimation Component VaR Marginal VaR Incremental VaR Shortfall risk Intermediate RISK MANAGEMENT Liquidity Risk Managment October 22, 2015, Copenhagen CRD/CRR IV on Liquidity Risk Management Gap analysis Net Stable Funding Ratio Liquidity Coverage Ratio Funding analysis Stresstesting Liquidity Risk and the Sub Prime Crises Market Liquidity Risk NEW COURSE Intermediate DKK

11 FINANCIAL APPLICATIONS Excel in Finance October 1-2, 2015, Copenhagen The Financial Library Day Count Conventions Goal Seek and Solver Matrix Calculations Regression Analysis Data Analysis Charts Pivot Tables Scenario Analysis Auditing your Spreadsheet Drop-downs, Forms etc Introduction to VBA programming Introductory 11

12 BOND ANALYSIS Det danske obligationsmarked september, 2015, København Centrale aktører på det danske obligationsmarked Markedskonventioner på det danske marked Obligationstyper på det danske marked Beregning og analyse af kurs, pris og vedhængende rente Beregning of fortolkning af den effektive rente Nulkupon rente og nulkupon-prisfastsættelse Risikomål for obligationer Varighedsmål Konveksitet Danske realkreditobligationer Sprog: Dansk Formateriale: E-learning Niveau: Introducerende/ videregående Pris: BOND ANALYSIS Corporate Bonds and Credit Trading November 17-18, 2015, Copenhagen Why Trade Credit Risk? Ratings, Rating Transitions and Transition Matrices The Corporate Bond Market Issuers, Market Conventions and Pricing Methodology Covenants Credit-linked Notes Credit Spread Trading Other Tools for Credit Risk Trading Credit Default Swaps Collateralised Debt Obligations Swap Futures Intermediary 12

13 FINANCIAL MARKETS Introduktion til de finansielle markeder september, 2015, København De finansielle markeders opbygning Aktører på finansmarkederne: Centralbanken Børsen Bankerne VP Securities Emmitenter og investorer Pengemarkedet Valutamarkedet Obligationsmarkedet Aktiemarkedet Handelskonventioner Prissætning og risiko Sprog: Dansk Niveau: Introducerende Pris: FINANCIAL MARKETS Introduction to the Financial Markets September 14 15, 2015, Stockholm The financial markets The Central Bank (Riksbanken/Norges Bank) Exhange The banks Issuers and investors The money market The fx market The bond market The stock market Trading conventions Pricing and risk Introductory SEK

14 FINANCIAL MARKETS The FX and Money Market September 16-17, 2015, Copenhagen Conventions What determines the FX-rate? Exchange rate regimes FX-forwards FX-options FX-swaps Exotic FX-options Monetary policy Deposits FRAs Repos Interest Rate Options T/N swaps The role of central banks Introductory FINANCIAL MARKETS Danske pengeinstitutter oktober, 2015, København Sektoren i forandring Nye lovkrav Kapitaldækning Engrobank Detailbank Bankens regnskab Boligfinansiering Risikostyring Sprog: Dansk Niveau: Introducerende Pris: 14

15 FINANCIAL MARKETS Introduction to the Back-office October 6-7, 2015, Copenhagen The role of back-office in the organization The flow of transactions Clearing houses Central securities depository (CSD) International central securities depository (ICSD) Custodians and accounts Static data for stocks, bonds and derivatives Settlement instructions Continuous linked settlement (CLS) Corporate actions Confirmation and controls Accounting Introductory/ Intermediate Extremely well-prepared course with extensive theoretical focus which was beyond my expectations. Well done! I have lots of use of it in my daily work. Course in Pricing and Trading Swaps Jonas Gidlöf, Handelsbanken, Stockholm 15

16 PORTFOLIO MANAGEMENT Asset Allocation new challenges October 8-9, 2015, Copenhagen Investing in Low Yield Environment Alternative Investments Risk Budgeting Strategic Asset Allocation Tactical Asset Allocation Forecasting Risk and Return Active Asset Allocation Derivatives in Portfolio Management Alternative Investments Benchmarking NEW COURSE Intermediate 16

17 PORTFOLIO MANAGEMENT Performance Measurement November 12-13, 2015, Copenhagen Challenges in Performance Measurement Return Calculation in Practice Benchmark Construction Implementing Risk Adjusted Measures Sharpe, Jensen and Treynor Tracking Error Information Ratio Attribution Analysis Derivatives and Return Measurement GIPS: Global Investment Performance Standards Intermediate 17

18 FINANCIAL MATH Introduction to Quantitative Methods in Finance December 9-10, 2015, Copenhagen Volatility and Correlation Regression Analysis Hypothesis Testing Capital Asset Pricing Model Multi-Factor Models Time Series Analysis GARCH Models Monte Carlo Simulation Intermediate 18

19 Instructors Jørgen Just Andresen Jørgen Just Andresen is partner at Financial Training Partner A/S. Prior to co-founding Financial Training Partner in 2002, he was chief financial consultant at SimCorp s course department where he started in Before joining SimCorp he worked at Danske Bank with fixed income research and fixed income sales. He holds an M.Sc. (international finance) and an HD (accounting). Jørgen Just Andresen is also an external lecturer at Copenhagen Business School and author of the books Finansiel Risikostyring (Financial Risk Management) and Finansielle Derivater (Financial Derivatives). Ulrik Strandgaard Ulrik Strandgaard is partner and managing director at Financial Training Partner A/S, which he co-founded in He was head of the course department at SimCorp A/S which he joined in From he worked for Bikuben Børs as the head of fixed income research. M.Sc. (Econ) from University of Copenhagen and a BA (Business) from University of Melbourne. Ulrik Strandgaard is also an external lecturer on Copenhagen Business School (CBS). On very specialized topics, we use highly reputable external specialists from the financial sector. 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

20 Courses Autumn 2015 CPH: STO: Copenhagen Stockholm September Course Location Page Introduction to the Financial Markets STO The FX and Money Market Introduktion til de finansielle markeder Det danske obligationsmarked CPH CPH CPH October Course Location Page 1-2 Excel in Finance CPH Introduction to Backoffice CPH Asset Allocation new challenges CPH Introduction to Derivates STO Danske pengeinstitutter CPH Liquidity Risk Management Introduktion til derivater CPH CPH Value at Risk CPH 10 November Course Location Page Risk Management and Control STO Performance Measurement CPH Corporate Bonds and Credit Trading CPH New Regulation in the Financial Markets an Update CPH Risikostyring og kontrol Pricing and Trading Swaps CPH CPH 8 6 December Course Location Page 2-3 Counterparty risk, CVA and CCP s CPH Introduction to Quantitative Methods in Finance CPH 18 Lyngby Hovedgade 10, DK-2800 Kgs Lyngby, Denmark Tlf , info@ftpcourses.com