Course list

Inflation Derivatives and Index-Linked Bonds

The market for inflation derivatives and other index-linked products is constantly evolving. This programme covers the mechanics of the instruments, their valuation and how they can be used to take or hedge inflation exposure alone or embedded in other structures. Seasonality and convexity when using these products is also analyzed.

More than half of the programme is devoted to practical small group sessions. These intensive exercises include simulations using Microsoft Excel or other industry standard software. Participants will be able to take away worked examples including a number of Excel functions and macros.

  • Date:
  • 16th - 17th April 2018
  • Venue:
  • Central London and remotely via LFS LiveLFS Live
  • Fee:
  • £1345 per day


  • You might be eligible for preferential rates. Please contact us to check if your company is a member of the LFS Global Client Programme.

This course is also available in New York and Singapore

Who The Course is For

  • Traders
  • Risk managers
  • Fund managers
  • Project finance and structured finance practitioners
  • Accountants, auditors, consultants, and anyone interested in the use and operation of index linked securities and their derivatives

Learning Objectives

  • Understand the mechanics of index-linked bonds and inflation derivatives
  • Gain clarity on the fundamental issues raised when inflation exposure is being managed
  • Analyze relative value in the index-linked and nominal bond markets through asset swaps
  • Understand the impact of seasonality on inflation swaps and related products
  • Learn how to use inflation derivatives for trading and managing risk
  • Understand the similarities and differences between options on interest rates and inflation
  • Gain familiarity with embedded inflation options

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Prior Knowledge

Basic understanding of bonds and interest rate derivatives, intermediate maths and Excel skills.

Preferably, delegates should have taken the LFS Interest Rate Derivatives 1 course or be completely familiar with the details of what is covered in that programme.


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