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28 October 2019

Capital markets - introduction

Category: MASTER COURSE

A comprehensive overview of the products and terminology used by issuers, investors and intermediaries in the capital markets, useful for those needing an overview of the bond market, equity and derivative markets.

Who should attend?
Those new to investment banking and investment management, or those who work within specific areas and are looking to gain an overview of the bond, equity and derivative markets.

What you will gain
A comprehensive understanding of the products and terminology used by issuers, investors and intermediaries in the capital markets, including

  •  the workings of the equity markets
  •  the major characteristics of bonds, bond markets and bond mathematics
  •  the distinctive features of derivative instruments
  •  the roles played by the major institutions in the capital markets.

No prior knowledge of capital markets is assumed.

Programme outline
Capital markets: overview

  • The structure of the capital markets
  • Disintermediation versus bank intermediated finance
  • The roles of the participants

Equities

  • Definition of an equity
  • Who issues and who invests?
  • Features of equity
  • Types of equity
  • The issuing process

Bonds

  • What is a bond?
  • Pricing bonds
  • Clean and dirty price
  • Types of bond

Essential bond mathematics

  • Using an HP17B calculator
  • Present value, future value and discounted cash flow (DCF)
  • Yield to maturity
  • Fixed and floating bonds

Credit ratings: the role of ratings

  • The agencies
  • The process

Futures and options

  • Descriptions and definitions
  • Hedging or speculation
  • Applications to the capital markets

Forward rate agreements

  • Distinctive features
  • Pricing FRAs
  • Hedging using FRAs

Swaps

  • Distinctive features
  • Pricing and valuation
  • Tying to underlying securities
  • Applications to the capital markets

The course starts at 9.30am on both days.  Lunch and refreshments are included, but not accommodation.
12 CPD hours (where applicable). 

CIMA work in partnership with BPP Professional Education to offer CPD training courses

Booking Information

Date Location Price
28 October 2019 - 09:30 London - 2 day course Price: GBP 1,290.00
Member price: £1,161. Plus VAT on all prices. Accommodation not included.

Capital markets - introduction

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount.

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In-house training 
We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

Find out more 
If you have any queries please email cima@bpp.com or phone us on: +44 (0)3300 603400.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at: http://www.bpp.com/professional-education/privacy

The information provided to BPP will not be used by BPP for marketing purposes.

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