Money Market*Training

Target group
  • Content

    The seminar presents all prevalent money market and fixed income products with a focus on derivatives. In our famous PC simulations, teams of participants run a trading book as traders. Taking into account market movements, legal requirements and risk limits, they improve their trading strategies daily and their decisions become increasingly clever and well-founded. In the end, the share price determines the winning team.

    • Forward rate agreements and money market futures
      Valuation of micro and macro hedges, trading and closed trading positions,
      influence of the yield curve on trading possibilities, yield curve trading with
      forward rate agreements, arbitrage of FRAs and outrights
    • FX swaps
      Pricing, micro and macro hedges, computing and hedging the liquidity
      and/or foreign exchange tail risk of FX swaps, forward forward swaps and
      their use in interest risk management

    • Repos
      Market conventions, use of repos and their potential for the money market
      desk (equity requirements, credit risk and counterparty limits), comparison
      of repo strategies with deposit, FRA, OIS, (EONIA) and interest rate swap
      strategies, arbitrage opportunities
    • Interest rate swaps (IRS) and cross-currency swaps
      Using swaps to reduce financing costs, coupon swaps, basis swaps, crosscurrency interest rate swaps, opportunities for arbitrage between IRS and FRA, counterparty and liquidity risk, partner limits for swaps, valuation of swaps
    • Liquidity management
      Influence of liquidity risk contribution on the result in the money market
    • Basis risks in the money market book
      Measuring, managing and trading basis risks in the money market book
      Consequences of OIS/EONIA swaps for money market dealing strategies
  • Cyber*Preparation

    • Financial mathematics for the money market and capital markets
    • Forward rate agreements and money market futures
    • Fixed income markets – terminology, conventions and pricing
    • Interest rate swaps - terminology, conventions and pricing
    • FX swaps
  • Target group

    • Money market, Fixed Income, FX and derivative dealers
    • Assets & Liabilities managers (ALM)
    • Specialists from other treasury and related departments (back office, midoffice, etc.)
    • Risk management staff, controllers, corporate dealers, treasury auditors

Money Market*Training

€ 3,000 (exkl. VAT)

Vienna, dates on request

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