_Understanding and using derivatives and structured products
_At eye level with the treasury salesperson
_Extra revenues through derivatives know-how

_Goal

Participants learn the use of derivatives from the point of view of an enterprise. The instruments of FX and interest management are implemented within the framework of a modern risk management, taking into account the factors impacting pricing and their use within the enterprise.

_To acquire and broaden knowledge

Treasury philosophy

• Introduction: risk management, reporting, derivative philosophy, rules of conduct
• Market risk: benchmarking and measurement, limits
• Liquidity and credit risk: balance sheet analysis, rating, securities, Basel II, measurement concepts

Treasury instruments

• Financial mathematics: yield curve, money market and capital market calculations
• Liquidity management: terminology, conventions and functionality of fixed deposits and credit, CPs, T-bills, bonds and repos
• Interest management: terminology, conventions and functionality of FRAs, interest swaps, caps, floors, swaptions
• Currency management: terminology conventions and functionality of FX spots, forward swaps und FX swaps, cross-currency swaps, FX options

Treasury strategies

• Components: forward start swaps, amortising swaps, balloon swaps, rollercoaster swaps, CMS, in-arrears swaps, quanto swaps, exotic options
• Structured products: capped floaters, floored floaters, collared floaters, reverse floaters, callable and puttable bonds, steepeners, straddle, strangle, zero-cost option strategies

Treasury workflow

• MTM valuation by instrument, evaluating interest swaps, forward swaps and cross currency swaps
• Treasury accounting according to IAS
• Treasury documentation: legal framework, treasury contractual framework

_Target Group

• Directors of finance, CFOs, treasury managers, accountants, who are responsible for corporate treasury transactions
• Key account managers in banks wishing to understand the topic from the customer‘s point of view

_Scope

• approx. 500 pages of script
• approx. 100 hours for learning the script and answering all questions