Thank you for sending your enquiry! One of our team members will contact you shortly.
Thank you for sending your booking! One of our team members will contact you shortly.
Course Outline
The Global Capital Markets
- Defining the 'financial market place'
- The historical evolution of modern global financial markets
- The influence of financial media
- Structure of major capital markets:
- Exchanges, Clearing houses, and Regulators
- The contemporary rise in global investment
- Variations in 'Stock Exchange' types
- The position of Stock Exchanges in current markets
- Stock Exchanges in the US, Europe, the Middle East, and Asia
Financial Markets Regulation:
- Capital Adequacy Requirements
- Basel I
- Basel II
- Basel III and its implications
- Sources for New Product Development
Diverse Asset Classes and Their Markets
- Current trading activities on Stock Exchanges
- Equities: Common and Preferred
- Bonds: Corporate and Government
- Bonds: Fixed, Floating, and Zero coupon, along with the Yield Curve
- Money Market instruments
- Currency markets
- Motivations for investors to buy and sell
- Income vs. Capital Gain
- Interconnections among various asset classes
- The relationship between Exchange-traded and Over-The-Counter markets
Short Term Money Market
- Certificates of deposit
- T Bills
- Commercial paper
- Trade paper & BAs
- Standard market norms and practices
- Key market participants
Types of Stock Exchange Investors
- Individual and institutional Investors
- Fund managers
- Hedge funds
- Stock Exchange participants
- Investment banks, Stockbrokers, Hedge Funds, and Prime Brokers
- Intra-market dynamics: the buy and sell sides of the industry
The Role of the Stock Exchange
- Trading venues for these products
- The significance of the OTC market
- The historical development of Stock Exchanges
- Leading Stock Exchanges in today's landscape
- Architectural differences in US, European, and Asian Markets
- Asset classes traded on Stock Exchanges globally
- Major Primary and Secondary markets
- New York, Euronext, London, Shanghai, and Hong Kong
- The appeal of 'listed' companies to investors
- Leveraging Stock Exchanges to pool liquidity and raise capital
- Methods of Capital Raising
- 'Floating' a company: various methods
Clearing & Settlement
- Settlement processes and settlement risk
- Settlement Conventions in major markets
- Equities, Bonds, and derivatives
- The Derivatives Clearing process
- The Central Counterparty (CCP)
- CCP services for Stock Exchanges
- Margin requirements
- The security trade settlement workflow
- Pre-settlement stages
- Final Settlement
- Potential issues: unmatched trades, delayed settlement, and failed deliveries
- Stock Exchange Settlement Discipline
- The 'life cycle of a trade': connecting the process from execution to settlement
- The function of International Central Securities Depositories (ICSDs) and Central Securities Depositories (CSDs) – such as LCH.Clearnet, Euroclear, Crest, Clearstream International, and the DTC
Custody
- The role of Custodians in Stock markets
- Settlement and safe keeping
- Income collection and Corporate Actions
- Cash management and funding transactions
- Additional services
- Accounting
- Stock Lending and collateral management
- Trustee services
- Valuation reports
Alternative Investments
- Definition of Alternative Investments
- Structured products: Risks and returns
- Hedge funds: Risks and Control
- Venture Capital: Valuation issues, Risk, and Control
- Private Equity and Angel Finance
- The application of derivatives in Asset Management
- OTC vs ETD
- Types of Derivatives in Asset Management
- Futures
- Options
- Risks and controls related to derivatives, including documentation, valuation, and reporting
Managing Quoted Equity Investment
- Risks related to acquiring securities
- Risks related to managing securities
- Risks arising from corporate actions
- Pricing of quoted equity investments
- Major sources of risk
- General controls within equity investment
- Risks associated with international equity markets
Managing Quoted Fixed Income Investment
- Risks in acquiring and disposing of fixed income securities
- The use of ratings and associated risk factors
- Risks in pricing fixed income securities
- Risk and controls in corporate fixed income processing
- Risks associated with Government Securities
- Sovereign risk ratings
- Valuation of government securities
- Risk and controls in sovereign bond processing
Market and Credit Risks in Global Market Investing
- Market risks
- VAR calculations
- Market risk modelling
- Credit Risks
- Measuring Credit risks
- Global Market Risks
- Money Market Risks
- OTC Risks
- Exchange risks
14 Hours
Testimonials (1)
The lecturer is very knowledgeable and can substantiate theories with his own personal experiences.