Interest Rate Derivatives

This one day Interest Rate Derivatives introductory course to this complex area, covers basic concepts and the key interest rate derivative types and using hands-on examples to illustrate theoretical concepts and practical issues. Provides a deep understanding of the structure of interest rate markets and the role of derivatives within it.

ABOUT THE COURSE

In addition to a thorough review of Forward Rate Agreements (FRAs), Swaps, Caps, Floors and Collars, the course covers the key uses of each instrument and the risks associated with them. Practical exercises in fair market valuation of interest rate derivatives give delegates an opportunity to develop practical skills in pricing and risk sensitivity analysis.

WHO SHOULD ATTEND?

  • Financial analysts
  • Risk managers
  • Quantitative analysts
  • Corporate treasurers
  • Pension fund managers
  • Bond fund managers
  • Bond dealers and traders
  • Investors
  • New financial markets employees
  • Other roles working in and around the global bond markets.

Duration

One day

Learning Objectives

At the end of the course delegates should have a broad understanding of the following subject areas:

  • Recap of fundamental concepts surrounding interest rate markets
    • Spot and forward rates
    • Present and future values of cash flows
    • Yield curves for different interest rate markets
  • Main types of interest rate derivatives
    • Forward Rate Agreements (FRAs)
    • Swaps: plain vanilla, currency swaps
    • Caps, Collars and Floors
    • Interest Rate Futures
    • Swaptions
  • Purpose and practical use of interest rate derivatives
    • Analysing underlying cash flow risk
    • Creating an appropriate hedging strategy
  • Valuation techniques: marking interest rate derivatives to market
  • Risk analysis: sensitivity to underlying factors and counterparty risk exposure

Prerequisites

The course assumes a working knowledge of bond and money markets and financial mathematics.

Quartic Support

Quartic is here to support you at every stage of your studying. Tutors are available by phone, e-mail or Skype, or in person if you are coming to face-to-face classes. Our Support team can assist with every aspect of administration.

Please contact us on +44 (0) 20 7776 7500 or email us at info@quartic.co with any questions you may have and we will be happy to help you.

Registration for : Interest Rate Derivatives

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