Kursuskatalog Course program Forår Spring

Transcription

1 Kursuskatalog Course program 14 Forår Spring

2 Content Certification Programmes Certificeret Finansiel Supporter Certified Financial Supporter Certified Fixed Income Manager Derivatives Introduktion til derivater Introduction to Derivatives Pricing and Trading Swaps Fixed Income Derivatives Risk Management Risikostyring og kontrol Risk Management and Control Aktiv gældspleje med derivater Counterparty Risk - CVA and CCP Value at Risk Risk Management in the Life and Pension Industry Bond Analysis Det Danske Obligationsmarked The Swedish Bond Market Corporate Bonds and Credit Trading Danske realkreditobligationer Financial Markets Introduktion til de finansielle markeder Introduction to the Financial Markets Introduction to Back-office Portfolio Management Asset Allocation Fixed Income Portfolio Management Performance Measurement Financial Applications Excel in Finance (I) using the Built-in Functionality Excel in Finance (II) introduction to VBA Programming Instructors Course Calendar

3 CERTIFICATION PROGRAMMES Certificeret Finansiel Supporter København Modul 1: februar Modul 2: marts Modul 3: april, 2014 Uddannelsen er relevant for folk der arbejder eller understøtter front office funktioner i en finansiel institution eller en finansafdeling i en virksomhed. Modul 1: De finansielle markeder (aktier, obligationer, penge- og valutamarkedet) Modul 2: Derivater (futures, optioner, repo er, swaps, FRA er, caps/ floors, swaptioner, kreditderivater) Modul 3: Risikostyring og kontrol (markeds-, kredit-, likviditets- og operationel risiko, lovgivning, controlling) Opgaver Eksamen Sprog: Dansk Formateriale: Diverse artikler og e-learning moduler Niveau: Introducerende Pris: DKK

4 CERTIFICATION PROGRAMMES Certified Financial Supporter Stockholm Module 1: March Module 2: April Module 3: May 14-15, 2014 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. Module 1: The Financial Markets (the money, the FX, the bond and the stock markets) Module 2: Derivatives (futures, options, repo s, swaps, FRA s, caps/ floors, swaptions, credit derivatives) Module 3: Risk Management and Control (market, credit, liquidity and operational risk, BIS III, controlling) Exercises Exam Pre course material: Articles and e-learning modules Introductory SEK CERTIFICATION PROGRAMMES Certified Financial Supporter Oslo Module 1: March 5-6 Module 2: April 2-3 Module 3: May 8-9, 2014 NEW CERTIFICATION PROGRAMME IN OSLO 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. Module 1: The Financial Markets (the money, the FX, the bond and the stock markets) Module 2: Derivatives (futures, options, repo s, swaps, FRA s, caps/ floors, swaptions, credit derivatives) Module 3: Risk Management and Control (market, credit, liquidity and operational risk, BIS III, controlling) Exercises Exam Pre course material: Articles and e-learning modules Introductory NOK

5 CERTIFICATION PROGRAMMES Certified Fixed Income Manager Stockholm Module 1: January Module 2: February Module 3: March 18-19, 2014 NEW CERTIFICATION PROGRAMME The education is relevant for people who work with or support fixed income products. Module 1: The Bond Markets (bond types, market conventions, pricing, duration, convexity, yield-to-maturity, zero coupon rates) Module 2: Fixed Income Derivatives (swaps, repo s, FRA s, caps/ floors/collars, swaptions, Bund futures and options, risk measures, pricing) Module 3: Fixed Income Portfolio Management (asset allocation, risk measures, tracking error, risk budgeting, currency overlay, attribution) Exercises Exam Pre course material: Articles and e-learning modules Intermediary SEK 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,

6 DERIVATIVES Introduktion til derivater marts, 2014, København Markedspladser, OTC, central clearing Futures, forwards og CFD er Repo er Optioner FRAs Swaps Renteoptioner Kredit derivater Handel og konventioner Strukturerede produkter Sprog: Dansk Niveau: Introducerende Pris: DKK DERIVATIVES Introduction to Derivatives April 28-29, 2014, Stockholm April 2-3, 2014, Oslo NEW IN OSLO The market places, OTC, central clearing Futures, forwards and CFDs Repos Options FRAs Swaps Interest rate options Credit derivatives Trading and conventions Structured products Introductory SEK NOK

7 DERIVATIVES Pricing and Trading Swaps Multiple Curves and Collateral Consistent Pricing May 12-13, 2014, Copenhagen OIS discounting Dual curve stripping How to incorporate the basis Standard and non-standard swaps The swap curve and zero coupon yields Bootstrapping zero coupon yield curves Collateral consistent pricing 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 DKK 11,500 DERIVATIVES Fixed Income Derivatives February 18-19, 2014, Stockholm NEW COURSE Interest rate swaps Repos Bund futures and options Forward rate agreements (FRA s) Swaptions Caps and floors Risk measurement and management Pricing models for fixed income derivatives Trading and hedging techniques SEK 13,500 7

8 RISK MANAGEMENT Risikostyring og kontrol april, 2014, København Måling og styring af: Markedsrisiko Kreditrisiko Likviditetsrisiko Operationel risiko Seneste regulering Økonomisk kapital RAROC Controlling Limits Sprog: Dansk Niveau: Videregående Pris: DKK RISK MANAGEMENT Risk Management and Control May 14-15, 2014, Stockholm May 8 9, 2014, Oslo NEW IN OSLO Regulation today Credit risk management Market risk management Operational risk management Liquidity risk management Economic capital Regulatory capital RAROC Controlling Limits SEK 13,500 NOK 11,500 8

9 RISK MANAGEMENT Aktiv gældspleje med derivater januar, 2014, København Elementer i finansiel rådgivning Analyse af en kundes gældsportefølje Risikofaktorer ved en gældsportefølje Måling og styring af renterisici Varighed for konverterbare lån Forward rate agreements (FRA) Swaptioner, renteloft/-gulv produkter, optionsteori Renteswap, T/N swap, Constant Maturity Swap (CMS) Måling og styring af valutakursrisici Basis swaps, cross currency swaps, asset swaps Måling og styring af kreditrisici Sprog: Dansk Niveau: Mellem Pris: DKK Mulighed for at tilkøbe certificeringstest i Røde produkter 9

10 RISK MANAGEMENT Counterparty Risk, CVA and CCP May 20-21, 2014, Copenhagen Rules for clearing OTC products Central clearing parties (CCPs) Counterparty risk management Measuring counterparty risk Credit value adjustment (CVA) Debt value adjustment (DVA) Funding value adjustment (FVA) New approaches for pricing OTC derivatives DKK 11,500 RISK MANAGEMENT Value at Risk May 22-23, 2014, Copenhagen Parametric VaR Delta/Marginal VaR Component VaR Volatility and correlation: SMA, EWMA and GARCH Expected Tail Loss Simulation-based Approaches Back-testing Stress-testing Excel Workshops DKK 11,500 10

11 RISK MANAGEMENT Risk Management in the Life and Pension Sector June 11-12, 2014, Copenhagen The Pension system The Solvency II framework Fair-value and the Risk free rate curve Asset Allocation and the Prudent Person Principle Asset and Liability Risk Factors Internal Models Implementing a liability hedge Liability Driven Investments Equity and FX-strategies Risk Budgeting DKK 11,500 The Value at Risk course gave an excellent perspective on our own VaR measure, and a number of ideas on how to take it one step further. Jonas Hagberg, Volvo Treasury 11

12 BOND ANALYSIS Det danske obligationsmarked marts, 2014, København Centrale aktører på det danske obligationsmarked Markedskonventioner på det danske marked Obligationstyper på det danske marked Obligationer fordelt på udstedere Beregning og analyse af kurs, pris og effektiv rente Nulkupon rente og nulkupon prisning Risikomål for obligationer Varighed og konveksitet Sprog: Dansk Niveau: Introducerende/ mellem Pris: DKK BOND ANALYSIS The Swedish Bond Market January 20-21, 2014, Stockholm Bonds traded in the Swedish market Market conventions Calculating and understanding yield to maturity Clean price, dirty price and accrued interest Understanding bond risk measures Duration and convexity Zero coupon pricing Zero coupon yields Inflation-linked bonds Equity-linked bonds Introductory/ intermediary SEK

13 BOND ANALYSIS Corporate Bonds and Credit Trading May 6-7, 2014, Copenhagen Why trade credit risk? Ratings, rating transitions and transition matrices The corporate bond market Issuers, market conventions and pricing methodology Credit-linked notes Credit spread trading Other tools for credit risk trading Credit default swaps Collateralised debt obligations Swap futures Introductory/medium DKK BOND ANALYSIS Danske realkreditobligationer januar, 2014, København Realkreditmarkedets opbygning Ratings og kreditrisiko Realkreditlovgivningen Prepayment modeller Låntageradfærd Gevinstkrav Teoretisk pris Option adjusted spread Optionsjusteret risiko SDO-lovgivning Produkter i kølvandet på SDO-lovgivningen Sprog: Dansk Niveau: Videregående DKK

14 FINANCIAL MARKETS Introduktion til de finansielle markeder februar, 2014, København De finansielle markeders opbygning Aktører på finansmarkederne: Centralbanken Børsen Bankerne Emmitenter og investorer Pengemarkedet Valutamarkedet Obligationsmarkedet Aktiemarkedet Handelskonventioner Prissætning og risiko Sprog: Dansk Niveau: Introducerende Pris: DKK FINANCIAL MARKETS Introduction to the Financial Markets March 12-13, 2014, Stockholm March 5-6, 2014, Oslo NEW IN OSLO 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 NOK

15 FINANCIAL MARKETS Introduction to the Back-office January 27-28, 2014, 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/ Medium DKK

16 PORTFOLIO MANAGEMENT Asset Allocation March 10-11, 2014, Copenhagen Risk Budgeting Strategic Asset Allocation Tactical Asset Allocation Forecasting Risk and Return Active Asset Allocation Alternative Investments Benchmarking The Mean-Variance Approach Understanding the Sharpe Ratio DKK 11,500 PORTFOLIO MANAGEMENT Fixed Income Portfolio Management March 18-19, 2014, Stockholm Strategic and tactical allocation for fixed income portfolios Optimisation using risk budgeting Using delta and component VaR Delta and component tracking error Currency overlay management Fixed income attribution analysis Scenario generation Fixed Income performance measurement SEK 13,500 16

17 PORTFOLIO MANAGEMENT Performance Measurement June 11-12, 2014, Copenhagen Problems with 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 DKK 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. Jonas Gidlöf, Handelsbanken, Stockholm 17

18 FINANCIAL APPLICATIONS Excel in Finance (I) Using the Built-in Functionality April 8-9, 2014, 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 DKK 11,500 FINANCIAL APPLICATIONS Excel in Finance (II) Introduction to VBA Programming January 16-17, 2014, Copenhagen The VBA Environment Variables and Naming Objects and Ranges Conditional Actions Loops and Debugging Message and Input boxes Build your own: Macros, Procedures and Functions VBA in Financial Cases DKK 11,500 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 book Finansiel Risikostyring (Financial Risk Management). 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 Spring 2014 CPH: STO: OSL: Copenhagen Stockholm Oslo January Course Location Page Excel in Finance (II) - Introduction to VBA Programming CPH The Swedish Bond Market STO Danske realkreditobligationer Introduction to Back-office Aktiv gældspleje med derivater CPH CPH CPH February Course Location Page Fixed Income Derivatives STO Introduktion til de finansielle markeder CPH 14 March Course Location Page 5-6 Introduction to the Financial Markets OSL Asset Allocation CPH Introduction to the Financial Markets STO Fixed Income Portfolio Management STO Introduktion til derivater CPH Det danske obligationsmarked CPH 12 April Course Location Page Introduction to Derivatives Excel in Finance (I) - Using the Built-in Functionality Risikostyring og kontrol Introduction to Derivatives OSL CPH CPH STO May Course Location Page 6-7 Corporate Bonds and Credit Trading CPH Risk Management and Control OSL Pricing and Trading Swaps CPH Risk Management and Control STO Counterparty Risk, CVA and CCP s Value at Risk CPH CPH June Course Location Page Risk Management in the Life & Pension Sector CPH Performance Measurement CPH Lyngby Hovedgade 10, DK-2800 Kgs Lyngby Tlf , [email protected]