Interest Rate Derivatives are an essential part of the financial marketplace. This comprehensive programme will equip you to use, price, manage, market and evaluate standard interest rate derivatives, currency and asset swaps.

The course starts with the building blocks and uses plenty of practical exercises covering hedging, valuation and risk management to ensure delegates gain a thorough grounding in these instruments.

More than half of the programme is devoted to intensive, practical workshops, including a number of simulations using Microsoft Excel functions and macros, which participants can take away for immediate implementation.

Course Objectives

• Explore the relationship between futures, forwards and FRAs
• Build a zero coupon yield curve
• Construct hedges
• Price and revalue swaps
• Structure asset and debt swaps
• Design, price and use caps, floors, collars and swaptions
• Structure and market combinations of derivative products
• Use these instruments for taking positions or hedging exposures

This course is designed for anyone who wishes to be able to price, use, market, manage or evaluate interest rate derivatives and currency swaps including:

• Directors, treasurers, dealers and trainees
• Corporate finance and investment managers
• Accountants, auditors and IT personnel
• Derivatives marketing executives, consultants, advisors and brokers

Basic knowledge of Microsoft Excel and some general understanding of financial markets is assumed, but the basics are covered in detail at the start making the course accessible to a wide audience.