FINANCIAL MARKETS ENVIRONMENT
- Introduction to Financial Markets
- Importance of financial markets.
- Financial System and Economy
- Global Financial Markets
- Understanding financial markets
- The Participants in the financial markets
- Cash and spot markets VS Forwards and Derivatives markets
- Primary VS Secondary markets
- Regulated markets and OTC markets
- Financial markets Efficiency
- The function of the financial markets
- The Global Code of precious metals.
- The Global Code of UK Money Market.
- European Market Infrastructure Regulation (EMIR)
FOREIGN EXCHANGE
- The Foreign Exchange Market
- Foreign Exchange Quotations
- Direct Quotations and Indirect Quotations
- Spot Foreign Exchange
- Forward Outright Exchange Rates
- Forward Swap Exchange Rates
- Forward Cross Currency Outright
- Explain the relationship between the outright forward rate and the spot rate.
- The forward points and interest rates.
- The structure and mechanics of FX forward-forward swaps.
- Market Terminology
- The Metals Markets
- ISO codes for currencies of the G20 countries.
RATES
- Time Value of Money
- Simple Interest and Compound Interest
- Interest Rate and Discount Instruments
- Benchmarks – LIBOR, EURIBOR and EONIA
- Cash and Forward Rates
- Money Market Instruments
- Islamic money market instruments
(Mudharabah and Murabahah).
FICC DERIVATIVES
- Forward-Forward Interest Rates
- Forward Rate Agreements
- Interest Market Futures
- Interest Rate Swaps
- Option Pricing
- Option Payoff Profiles
- Trading Strategies
- Foreign Exchange Options
- Greeks: Delta, Gamma, Vega, Theta, and Rho
- Interest Rate Guarantees, Caps and Floors
FINANCIAL MARKETS APPLICATIONS
- Risk Management
- Market Risk
- Credit Risk
- Settlement Risk
- Liquidity Risk
- Operational Risk
- Legal Risk
- Regulatory and Reputational Risk
- Risk Capital
- Key concepts of Value at Risk VAR
- VAR quantitative techniques
- The Model Code
- Assets & Liabilities Management (ALM)
MOCK EXAMINATION
- Comprehensive Summary.
- Mock Examination
- Marking & Revision
