www.ftpcourses.com Kursuskatalog Course program 14 Efterår Autumn
Content Certification Programs Certificeret Finansiel Supporter Certified Financial Supporter / Oslo and Stockholm Certified Fixed Income Manager Certificeret Fixed Income Manager / New Certification Program Derivatives Introduktion til derivater Introduction to Derivatives / Oslo and Stockholm Pricing and Trading Swaps Fixed Income Derivatives Rentederivater / New Course Regulation New Regulation in the Financial Markets an Update / New Course Risk Management Risikostyring og kontrol Risk Management and Control / Oslo and Stockholm Counterparty Risk - CVA and CCP Advanced IRB Approach / New Course 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 / Oslo and Stockholm Introduction to Back-office Understanding Economic Indicators / New Course Portfolio Management Porteføljestyring med renteprodukter / New Course 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 4 5 5 6 6 7 7 8 8 9 9 10 10 11 12 1 2 13 14 14 15 15 16 16 17 18 18 19 20 2
CERTIFICATION PROGRAMS Certificeret Finansiel Supporter København Module 1: 4. - 5. september Module 2: 6. 7.oktober Module 3: 3. 4. november, 2014 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, 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 29.500 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, 2012 3
CERTIFICATION PROGRAMS Certified Financial Supporter Stockholm Module 1: November 10-11, 2014 Module 2: December 8-9, 2014 Module 3: January 19 20, 2015 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 Swedish Financial Markets (the Money-, FX-, Bondand Stock Market) 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 35.500 CERTIFICATION PROGRAMS Certified Financial Supporter Oslo Module 1: November 12-13, 2014 Module 2: December 10-11, 2014 Module 3: January 21 22, 2015 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 Norwegian Financial Markets (the Money-, FX-, Bond- and Stock Market) 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 NOK 29.500 4
CERTIFICATION PROGRAMS Certified Fixed Income Manager Stockholm Module 1: September 17 18 Module 2: October 8-9 Module 3: November 24-25, 2014 The education is relevant for people who work with or support fixed income products. Module 1: The Swedish Bond Market (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 Analysis) Exercises Exam Pre course material: Articles and e-learning modules Intermediary SEK 35.500 CERTIFICATION PROGRAMS Certificeret Fixed Income Manager København Modul 1: 15. 16. september Modul 2: 21. 22. oktober Modul 3: 13. 14. november, 2014 NYT CERTIFICERINGS- PROGRAM Uddannelsen er relevant for personer, der arbejder med renteprodukter. Modul 1: Obligationsmarkedet (obligationstyper,konventioner, prisfastsættelse, varighed, konveksitet, nulkuponrenter, realkreditmarkedet) Modul 2: Rentederivater (swaps, repo s, FRA s, caps/floors/collars, swaptioner, bund futures og optioner, risikonøgletal og prissætning) Modul 3: Porteføljestyring med renteprodukter (asset allocation, tracking error, risk budgeting, currency overlay og attribution analyse) Exercises Exam Sprog: Dansk Pre-course materiale: Artikler og e-learning moduler Niveau: Middel Pris: DKK 29.500 5
DERIVATIVES Introduktion til derivater 6. 7. oktober, 2014, 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 Formateriale: E-learning Niveau: Introducerende Pris: DERIVATIVES Introduction to Derivatives December 8-9, 2014, Stockholm December 10-11, 2014, Oslo OSLO AND STOCKHOLM Exchange Traded- versus OTC-derivatives Central Clearing Futures, Forwards and CFDs Repos Options FRAs Swaps Interest Rate Options Credit Derivatives Trading and Conventions Pre-course: E-learning Introductory SEK 13.500 NOK 11.500 6
DERIVATIVES Pricing and Trading Swaps - Multiple Curves and Collateral Consistent Pricing November 5-6, 2014, 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 DKK 11,500 DERIVATIVES Fixed Income Derivatives October 8-9, 2014, Stockholm Interest Rate Swaps Repos Bund Futures and Options The Cheapest-to-Deliver principle (CTD) Forward Rate Agreements (FRA s) Swaptions Interest Rate Guarantees (IRGs) Caps, Floors and Collars Risk Measurement and Management Pricing Models for Fixed Income Derivatives Trading and Hedging Techniques Intermediate SEK 13,500 7
DERIVATIVES Rentederivater 21. 22. oktober, 2014, København NYT KURSUS Renteswaps Repo er Bund futures og optioner Cheapest-to-Deliver princippet (CTD) Forward Rate Agreements (FRA s) Swaptioner Interest Rate Guarantees (IRGs) Caps, floors og collars Risikomåling og -styring Prisfastsættelse af rentederivater Trading og hedging teknikker Sprog: Dansk Niveau: Middel Pris: REGULATION New Regulations in the Financial Markets an Update December 5, 2014, Copenhagen NEW COURSE 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 Solvency II Intermediary DKK 11,500 8
RISK MANAGEMENT Risikostyring og kontrol 3. 4. november, 2014, København Måling og styring af: Markedsrisiko Kreditrisiko Likviditetsrisiko Operationel risiko Seneste regulering (CRD/CRR IV, EMIR) Økonomisk kapital RAROC Controlling Limits Sprog: Dansk Niveau: Middel Pris: RISK MANAGEMENT Risk Management and Control January 19-20, 2015, Stockholm January 21-22, 2015, Oslo OSLO AND 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 SEK13,500 NOK 11,500 9
RISK MANAGEMENT Counterparty Risk, CVA and CCP November 17-18, 2014, 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 RISK MANAGEMENT Advanced Internal Rating-Based Approach for Practitioners November 27-28, 2014, Copenhagen NEW COURSE Understanding IRB Models and the IRB Risk Weight Function Dynamics of Internal Rating Systems Building, Validating, and Using PD Models Measuring Market, Workout and Implied LGD Modelling PD and LGD in Low-Default Portfolios (LDP) Measuring EAD of Loans, Credit Lines and OTC Derivatives Backtesting and Validation of PD, LGD and EAD Models Practical Applications of Internal Rating Models Advanced 10
BOND ANALYSIS Det danske obligationsmarked 15. 16. september, 2014, 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/ mellem Pris: 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 11
BOND ANALYSIS The Swedish Bond Market September 17-18, 2014, Stockholm Bonds Traded on 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 The Corporate Bond Market Pre-course: E-learning Introductory/ intermediary SEK 13.500 BOND ANALYSIS Corporate Bonds and Credit Trading December 2-3, 2014, 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 Intermediate 12
BOND ANALYSIS Danske realkreditobligationer 8. 9. september, 2014, København Realkreditmarkedets opbygning Ratings og kreditrisiko Ny lovgivning til eliminering af refinansieringsrisiko Mulige konsekvenser af nye likviditetskrav Prepayment modeller Låntageradfærd Gevinstkrav Teoretisk pris Option adjusted spread Optionsjusteret risiko SDO-lovgivning Produkter i kølvandet på SDO-lovgivningen Sprog: Dansk Niveau: Middel Pris: 13
FINANCIAL MARKETS Introduktion til de finansielle markeder 4. 5. september, 2014, København De finansielle markeders opbygning Aktører på finansmarkederne: Nationalbanken 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 November 10-11, 2014, Stockholm November 12-13, 2014, Oslo OSLO AND STOCKHOLM The Financial Markets The Central Bank (Riksbanken/Norges Bank) The Exchange The Banks Clearing Houses Issuers and Investors The Money Market The FX-Market The Bond Market The Stock Market Trading Conventions Pricing and Risk Introductory SEK 13.500 NOK 11.500 14
FINANCIAL MARKETS Introduction to the Back-office September 10-11, 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 DKK 11,500 FINANCIAL MARKETS Understanding Economic Indicators and their Impacts on Financial Markets November 13-14, 2014, Copenhagen NEW COURSE Introduction to Economic Indicators Macroeconomics and Financial Markets The Importance of Fiscal and Monetary Policy for Financial Markets Leading, Lagging and Coincident Indicators Yield Curves, Stock Prices, VIX, and Inflation Indicators The Impact of Economic Releases on Financial Markets Investing Implications Accounting Intermediate 15
PORTFOLIO MANAGEMENT Porteføljestyring med renteprodukter 13. 14. november, 2014, København NEW COURSE Strategisk og taktisk allokering Optimering med risk budgeting Delta og komponent VaR Expected Tracking Error Attribution analyse for renteprodukter Currency overlay management Sharpe Ratio og Information Ratio Performance-måling for renteprodukter Sprog: Dansk Niveau: Mellem Pris: PORTFOLIO MANAGEMENT Fixed Income Portfolio Management November 24-25, 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 Intermediate SEK 13,500 16
PORTFOLIO MANAGEMENT Performance Measurement October 23-24, 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 Intermediate DKK 11,500 17
FINANCIAL APPLICATIONS Excel in Finance (I) using the Built-in Functionality September 22-23, 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 Introductory DKK 11,500 FINANCIAL APPLICATIONS Excel in Finance (II) introduction to VBA Programming November 20-21, 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 Intermediate DKK 11,500 18
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 1996. 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 2002. He was head of the course department at SimCorp A/S which he joined in 1995. From 1991-1995 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
Courses Autumn 2014/2015 CPH: STO: OSL: Copenhagen Stockholm Oslo September Course Location Page 4-5 Introduktion til de finansielle markeder CPH 14 8-9 Danske realkreditobligationer CPH 13 10-11 15-16 17-18 Introduction to Back-office Det danske obligationsmarked The Swedish Bond Market CPH CPH STO 15 11 12 22-23 Excel in Finance (I) - Using the Built-in Functionality CPH 18 October Course Location Page 6-7 Introduktion til derivater CPH 6 8-9 Fixed Income Derivatives STO 7 21-22 Rentederivater CPH 8 23-24 Performance Measurement CPH 17 November Course Location Page 3-4 Risikostyring og kontrol CPH 9 5-6 Pricing and Trading Swaps CPH 7 10-11 Introduction to the Financial Markets STO 14 12-13 Introduction to the Financial Markets OSL 14 13-14 Understanding Economic Indicators CPH 15 13-14 Porteføljestyring med renteprodukter CPH 16 17-18 Counterparty risk, CVA and CCP s CPH 10 20-21 Excel in Finance (II) - Introduction to VBA Programming CPH 18 24-25 Fixed Income Portfolio Management STO 16 27-28 Advanced IRB-approach CPH 10 December Course Location Page 2-3 Corporate Bonds and Credit Trading CPH 12 5 8-9 10-11 New Regulation in the Financial Markets an Update Introduction to Derivatives Introduction to Derivatives CPH STO OSL 8 6 6 January Course Location Page 19-20 Risk Management and Control STO 9 21-22 Risk Management and Control OSL 9 Lyngby Hovedgade 10, DK-2800 Kgs Lyngby Tlf. +45 70 23 23 10, www.ftpcourses.com, info@ftpcourses.com