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.
Duration 14 hours
Course Outline
The Global Capital Markets
- Defining the 'financial market place'
- Historical evolution of the contemporary global financial system
- The influence of financial media
- Architecture of major capital markets:
- Exchanges, clearinghouses, and regulatory bodies
- The recent surge in global investment activity
- Variations in 'Stock Exchange' structures
- The position of Stock Exchanges within modern markets
- Stock Exchanges in the US, Europe, the Middle East, and Asia
Financial Markets Regulation:
- Capital adequacy standards
- Basel I framework
- Basel II framework
- Basel III and its practical implications
- Innovation as a source for new product development
The Different Asset Classes and Their Markets
- Current tradable instruments on Stock Exchanges
- Equities: Common and Preferred shares
- Bonds: Corporate and Government issues
- Bond varieties: Fixed, floating, and zero-coupon rates, along with the Yield Curve
- Money Market instruments
- Currency markets
- Investor motivations for buying and selling
- Distinguishing Income generation from Capital Gains
- Interconnections among various asset classes
- The synergy between Exchange-traded and Over-The-Counter markets
Short Term Money Market
- Certificates of Deposit
- Treasury Bills (T Bills)
- Commercial Paper
- Trade paper and Bankers' Acceptances (BAs)
- Standard market norms and practices
- Key market participants
The Different Types of Stock Exchange investor
- Retail and institutional investors
- Fund managers
- Hedge funds
- Direct 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
- Identifying trading venues for various products
- The significance of the OTC market
- Historical development of Stock Exchanges
- Principal Stock Exchanges in the current global landscape
- Structural differences among US, European, and Asian markets
- Asset classes traded on Stock Exchanges worldwide
- Major Primary and Secondary markets
- Key hubs: New York, Euronext, London, Shanghai, and Hong Kong
- The appeal of 'listed' companies to investors
- Leveraging Stock Exchanges for liquidity pooling and capital raising
- Methods of raising capital
- Various methods for 'Floating' a company
Clearing & Settlement
- Settlement processes and associated risks
- Varying Settlement Conventions across major markets
- Handling Equities, Bonds, and derivatives
- The Derivatives Clearing procedure
- The function of the Central Counterparty (CCP)
- Services offered by CCPs to Stock Exchanges
- Margin requirements
- The security trade settlement workflow
- Pre-settlement stages
- Final Settlement
- Managing potential issues: unmatched trades, delays, and delivery failures
- Enforcement of Stock Exchange Settlement Discipline
- The 'life cycle of a trade': connecting execution to settlement
- The role of International Central Securities Depositories (ICSDs) and Central Securities Depositories (CSDs) – including LCH.Clearnet, Euroclear, Crest, Clearstream International, and the DTC
Custody
- The function of Custodians in Stock markets
- Settlement and safekeeping services
- Collection of Income and processing Corporate Actions
- Cash management and funding transactions
- Supplementary services
- Accounting procedures
- Stock Lending and collateral management
- Trustee services
- Valuation reporting
Alternative Investments
- Defining Alternative Investments
- Structured products: Risk and return profiles
- Hedge funds: Risk management and control mechanisms
- Venture Capital: Valuation challenges, risk, and control
- Private Equity and Angel Finance
- Application of derivatives in Asset Management
- Comparing OTC vs ETD
- Derivative types utilized in Asset Management
- Futures contracts
- Options contracts
- Risk and control for derivatives, covering documentation, valuation, and reporting
The Management of Quoted Equity Investment
- Risks in acquiring securities
- Risks in managing securities portfolios
- Risks related to corporate actions
- Pricing methodologies for quoted equity investments
- Primary sources of investment risk
- General control frameworks within equity investment
- Risks specific to international equity markets
The Management of Quoted Fixed Income Investment
- Risks in acquiring and disposing of fixed income securities
- Utilization of credit ratings and related risk considerations
- Risks associated with fixed income pricing
- Risk and control mechanisms in corporate fixed income processing
- Risks specific to Government Securities
- Sovereign risk ratings
- Valuation of government securities
- Risk and control in sovereign bond processing
The Market and Credit Risks of investing in Global Market
- Market risk assessment
- Value at Risk (VaR) calculations
- Market risk modeling techniques
- Identification of Credit Risks
- Measuring credit exposure
- Risks in Global Markets
- Risks in Money Markets
- OTC-specific risks
- Exchange-based risks
Testimonials (1)
The lecturer is very knowledgeable and can substantiate theories with his own personal experiences.