- This course begins with an overview of the foreign exchange market and proceeds to discuss the key players, major currency pairs and how exchange rates and trading currencies work.
- Overview of FX market
- Currency pairs
- Key players
- Advantages of FX market
- Major currency pairs
- Floating vs. fixed exchange rates
- Currency quotations
- FX movements
- Trading currencies
Participants will use a systematic approach to evaluate the credit standing of a company and assess the relative attractiveness of the risk-return profile of the investing / lending proposition.
- Define corporate credit analysis and contrast with equity analysis
- List the benefits of corporate credit analysis
- Types of risk: business vs. financial
- Define the stages of the industry/product life cycle
- Recognize industry metrics used to analyze performance and trends
- Define and calculate the different types of ratios used for credit analysis
- Explain what the different ratios tell us from a credit analysis perspective
- Recognize the factors that go into determining a company’s optimal capital structure
- Recognize the limitations of financial information in credit analysis
- Define the five forces in the Porter model
- Identify the different corporate structure issues and their implications for credit analysis
- Describe SWOT analysis
- Describe the role of rating agencies in credit analysis
- Identify the process that rating agencies use to rate companies
This course examines securitization, pros and cons as well as types of securitized assets.
- What is securitization
- Pros and cons
- Types of securitized assets
- Securitization vs. other debt
- Cost of debt
- Credit ratings
- This course covers the pros and cons of issuing convertible securities compared to other types of financing alternatives, types of convertible offerings, mechanics of how converts work and ultimately convertible debt accounting.
- Introduction to convertibles
- Pros and cons
- Issuer characteristics and rationale
- Convertibles compared to other financing alternatives
- Types of convertible offerings
- Key structuring considerations
- Covenants
- Credit ratings
- Conversion impact
- Convertible debt accounting
- This fixed income course takes a deep dive into various fixed income concepts such as bootstrapping, PVBP, duration, convexity, yield curve analysis and conversion of interest rates.
- Capital markets review
- Financial math review
- Price-yield relationship
- Spot and forward rates
- Bootstrapping and spot & par curves
- Price value of basis point and yield value of 32nd
- Duration
- Convexity
- Yield curve analysis
- Money market securities
- Converting interest rates