Money Markets (A)

Markets and IB

Money Markets (A)

  • LEVEL:Advanced
  • START DATE:23 January 2019

  • END DATE:24 January 2019

  • COURSE DURATION:2
  • PRICE:5000.00
  • DESCRIPTION:

    The course is designed to equip participants with an advanced understanding of short-term interest rate derivative products that are traded in the money markets.

    After this course, participants will be able to:

    • Describe the key features of FRAs and STIR contracts.
    • Construct interest rate hedges using FRAs and STIR contracts.
    • Explain how the traditional ’no-arbitrage’ model fails in the real world and explain how the Tenor Basis Swap resolves apparent contradictions.
    • Justify differential pricing between FRAs and STIR contracts with reference to convexity and correlation arguments.
    • Describe the key features on OIS swaps and explain their advantages versus LIBOR indexed swaps.
  • AUDIENCE:

    Professionals seeking to acquire expert level knowledge of short term interest rate products and the money markets.

  • PRIOR KNOWLEDGE:

    Money Markets (Foundation); or equivalent knowledge.


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