1. Basic Interest Rate Calculations
Objective: To understand the principles of the time value of money. To be able to calculate short-term interest rates and yields, including forward-forward rates, and to use these interest rates and yields to calculate payments and evaluate alternative short-term funding and investment opportunities.

2. Cash Money Markets
Objective: To understand the function of the money market, the differences and similarities between the major types of cash market instruments, and how they satisfy the requirements of different types of borrowers and lenders. To know how each type of instrument is quoted, the quotation, value date, maturity, and payment conventions that apply, and how to perform standard calculations using quoted prices.

3. Foreign Exchange
Objective: To understand and be able to apply spot exchange rate quotations. To understand basic spot FX dealing terminology and the role of specialist types of intermediaries. To recognize the principal risks in spot and forward FX transactions. To calculate and apply forward FX rates, and understand how forward rates are quoted. To understand the relationship between forward rates and interest rates. To be able to recognize and use quotes for precious metals, and demonstrate a basic understanding of the structure and operation of the international market in precious metals.

4. Forward-forwards, FRAs and Money Market Futures & Swaps
Objective: To understand the mechanics of and how to use money market interest rate derivatives to hedge interest rate risk.

5. Options
Objective: To understand the fundamentals of options. To recognize the principal classes and types, and understand the terminology, how they are quoted in the market, how their value changes with the price of the underlying asset and the other principal factors determining the premium, how the risk on an option is measured and how they are delta hedged. To recognize basic option strategies and understand their purpose.

6. Principles of Risk
Objective: To identify and distinguish between the principal types of risk in the markets, and to explain the main policies and procedures used to mitigate these risks. To understand the principles of position-keeping and valuation, use spot FX as an example.

7. The Model Code
Objective: For candidates to have a thorough knowledge of the provisions of the Model Code and market practices, with particular emphasis on high standards of integrity, conduct, and professionalism as well as the monitor and control mechanisms to be introduced to protect individuals and their institutions from undue risks and resultant losses.

To learn more about the course please click here.