Open Courses Calendar

Recently Given Open Courses

Start Date	Topic	Category	Duration	Details
July 12, 2010	Securities Lending and Borrowing	Securities	1 day(s)
	Market for securities lending and borrowing Players in securities lending and their roles Different variations on securities lending and borrowing Repurchase agreements and the different approaches to them Market procedures for lending and borrowing securities Collateral for securities lending and borrowing Use of securities borrowing in short sales Legal, regulatory and tax issues that impact securities lending and borrowing Securities lending and repos in central securities depositories New trends impacting securities lending
July 1, 2010	Life Insurance and Pension Products Part 2 (Mini Course: 17:30-21:00)	General	0.5 day(s)
	Development of the international life insurance and pension industry Types of life insurance and pension products Actuaries Structure and parties of a life insurance policy Lifecycle of a life insurance policy Investment management for life insurance and pensions Investment risk and compliance Regulatory and fiscal issues impacting life insurance and pension products in Europe Trends impacting the future of life insurance and pension products
June 29, 2010	Life Insurance and Pension Products Part 1 (Mini Course: 17:30-21:00)	General	0.5 day(s)
	Development of the international life insurance and pension industry Types of life insurance and pension products Actuaries Structure and parties of a life insurance policy Lifecycle of a life insurance policy Investment management for life insurance and pensions Investment risk and compliance Regulatory and fiscal issues impacting life insurance and pension products in Europe Trends impacting the future of life insurance and pension products
June 24, 2010	International Financial Markets	General	2 day(s)
	Purpose and characteristics of financial markets Differences between market types: Primary vs. secondary markets; exchanges vs. over-the-counter markets Characteristics of the instruments traded in different financial markets The different activities in financial markets Trading methods Approaches to clearing and settlement Custody functions Players in financial markets Legal frameworks for financial markets Technology used in financial markets Standards in different markets Trends that will shape financial markets in the future
June 18, 2010	Private Equity Funds	Investment Funds	1 day(s)
	Development of private equity funds The market for private equity funds Characteristics of private equity investment Shareholder administration Legal structures for private equity funds Managing illiquid investments Alternative methods used for managing private equity funds Performance fees and equalisation Pricing of private equity funds Trends that will shape the future of private equity funds
June 12, 2010	Introduction to Risk Management Part 2 (Mini Course: 9:30-12:30)	Compliance and Risk Management	0.5 day(s)
	Activities belonging to risk management in financial services Credit risk Market risk Operational risk Other secondary types of risk Quantitative and qualitative methods of risk management Value at risk (VaR) Enterprise Risk Management (ERM) Communication issues in risk management Risk events and their consequences National and international recommendations and legislation regarding risk management Role and responsibilities of a risk manager
June 8, 2010	Introduction to Risk Management Part 1 (Mini Course: 17:30-21:00)	Compliance and Risk Management	0.5 day(s)
	Activities belonging to risk management in financial services Credit risk Market risk Operational risk Other secondary types of risk Quantitative and qualitative methods of risk management Value at risk (VaR) Enterprise Risk Management (ERM) Communication issues in risk management Risk events and their consequences National and international recommendations and legislation regarding risk management Role and responsibilities of a risk manager
May 31, 2010	Transfer Agency (Shareholder Services)	Investment Funds	1 day(s)
	The transfer agency function and its importance Activities belonging to the transfer agency function Services provided to fund managers Account opening and management (“Know your customer”) Prevention of money laundering and terrorist financing in the transfer agency Fund distribution Order processing Types of fund orders Settling fund orders Fees and commissions Corporate actions for funds Shareholder communication and fulfilment
May 12, 2010	Securities Clearing and Settlement	Securities	1 day(s)
	Attributes of securities according to the ISO standard 10962 Life cycle of a securities transaction What clearing and settlement are and how they function Differences between clearing and settlement Approaches to clearing and settlement How instrument characteristics impact clearing and settlement Settlement criteria Characteristics of central securities depositories (CSDs), both domestic and international Central counterparties and how they are used Differences in market practice in diverse markets Straight-through processing and initiatives to standardise information flows in the market Principal risk and regulatory issues affecting clearing and settlement
May 6, 2010	Custody and Corporate Actions	Securities	1 day(s)
	Importance of custody and corporate actions in international financial markets General market practice and the players in the custody area Principal activities of custodian banks Different types of corporate actions and their characteristics for equities, debt instruments and investment funds Information sources for corporate actions Taxation and tax reclamation How corporate actions are calculated, processed and paid Impact of corporate actions Shareholder activism and voting Custody operations in central securities depositories (CSDs) Standards and market conventions in the custody area Trends that will impact the future of custody and corporate actions
April 29, 2010	Swaps	Derivatives	1 day(s)
	Development and size of swap markets Different types of swaps Interest rate swaps: Characteristics, market practice and use Currency swaps: Characteristics, market practice and use Credit default swaps: Characteristics, market practice and use Equity swaps: Characteristics, market practice and use Non-generic swaps (e.g., catastrophe swaps): Characteristics, market practice and use Swaptions Pricing swaps Market standards for swaps Use of swaps in investment funds Risks associated with swaps
April 15, 2010	Hedge Funds	Investment Funds	1 day(s)
	History and development of the hedge fund market Unique characteristics of hedge funds Hedge funds vs. traditional “long only” funds Players in hedge funds Documentation for hedge funds Short selling and leveraging in hedge funds Use of derivatives in hedge funds Performance fees Methods of equalisation “Side pockets” Hedge fund investment strategies Risk management in hedge funds Funds of hedge funds Trends that will shape the future of the hedge fund industry
March 25, 2010	Introduction to Derivatives Part 2 (Mini Course: 17:30-21:00)	Derivatives	0.5 day(s)
	History and development of derivatives markets Characteristics of options, futures, forward contracts and swaps Leveraging with derivatives Hedging with derivatives Market for derivatives How derivatives markets operate Differences between exchange-listed and over-the-counter derivatives Options: Types, use and market practice Futures and forward contracts: Types, use and market practice Swaps: Types, use and market practice Risks associated with derivatives and their use
March 22, 2010	Introduction to Derivatives Part 1 (Mini Course: 17:30-21:00)	Derivatives	0.5 day(s)
	History and development of derivatives markets Characteristics of options, futures, forward contracts and swaps Leveraging with derivatives Hedging with derivatives Market for derivatives How derivatives markets operate Differences between exchange-listed and over-the-counter derivatives Options: Types, use and market practice Futures and forward contracts: Types, use and market practice Swaps: Types, use and market practice Risks associated with derivatives and their use
March 17, 2010	Introduction to Investment Funds	Investment Funds	2 day(s)
	Characteristics of investment funds Legal structures for funds Different types of investment funds Investment fund markets and how they operate International regulatory issues Players in investment fund markets Fund documentation Overview of fund accounting Overview of transfer agency Overview of domiciliary/trustee functions Overview of fund custody Legal and risk issues impacting investment funds Technology and standards used in the fund industry Current trends that are likely to shape the future of investment funds
February 11, 2010	Introduction to Investment Funds	Investment Funds	2 day(s)
	Characteristics of investment funds Legal structures for funds Different types of investment funds Investment fund markets and how they operate International regulatory issues Players in investment fund markets Fund documentation Overview of fund accounting Overview of transfer agency Overview of domiciliary/trustee functions Overview of fund custody Legal and risk issues impacting investment funds Technology and standards used in the fund industry Current trends that are likely to shape the future of investment funds
December 16, 2009	Fund Accounting	Investment Funds	2 day(s)
	Fund accounting vs. company accounting Basic principles of fund accounting How to calculate a NAV Different methods for calculating NAVs Assets and liabilities in a fund; expenses and revenues Accounting for capital transactions Accounting for portfolio transactions Accounting for expenses and revenues  Performance fees and equalisation Valuation of a fund portfolio Impact of corporate actions on a NAV Fund accounting for different types of funds Legal environment surrounding fund accounting Risk issues relating to fund accounting New trends in fund accounting
December 15, 2009	Money Market Instruments	Securities	1 day(s)
	Size and Segmentation Characteristics of money market instruments Primary market and secondary market operations Characteristics and market practice of commercial paper Characteristics and market practice for certificates of deposit Characteristics and market practice for treasury bills Other types of money market instruments Money Market instruments and risk
December 7, 2009	Securities Lending and Borrowing	Securities	1 day(s)
	Market for securities lending and borrowing Players in securities lending and their roles Different variations on securities lending and borrowing Repurchase agreements and the different approaches to them Market procedures for lending and borrowing securities Collateral for securities lending and borrowing Use of securities borrowing in short sales Legal, regulatory and tax issues that impact securities lending and borrowing Securities lending and repos in central securities depositories New trends impacting securities lending
December 2, 2009	International Financial Markets	General	2 day(s)
	Purpose and characteristics of financial markets Differences between market types: Primary vs. secondary markets; exchanges vs. over-the-counter markets Characteristics of the instruments traded in different financial markets The different activities in financial markets Trading methods Approaches to clearing and settlement Custody functions Players in financial markets Legal frameworks for financial markets Technology used in financial markets Standards in different markets Trends that will shape financial markets in the future
November 30, 2009	Hedge Funds	Investment Funds	1 day(s)
	History and development of the hedge fund market Unique characteristics of hedge funds Hedge funds vs. traditional “long only” funds Players in hedge funds Documentation for hedge funds Short selling and leveraging in hedge funds Use of derivatives in hedge funds Performance fees Methods of equalisation “Side pockets” Hedge fund investment strategies Risk management in hedge funds Funds of hedge funds Trends that will shape the future of the hedge fund industry
November 9, 2009	Introduction to Risk Management	Compliance and Risk Management	1 day(s)
	Activities belonging to risk management in financial services Credit risk Market risk Operational risk Other secondary types of risk Quantitative and qualitative methods of risk management Value at risk (VaR) Enterprise Risk Management (ERM) Communication issues in risk management Risk events and their consequences National and international recommendations and legislation regarding risk management Role and responsibilities of a risk manager
October 5, 2009	Swaps	Derivatives	1 day(s)
	Development and size of swap markets Different types of swaps Interest rate swaps: Characteristics, market practice and use Currency swaps: Characteristics, market practice and use Credit default swaps: Characteristics, market practice and use Equity swaps: Characteristics, market practice and use Non-generic swaps (e.g., catastrophe swaps): Characteristics, market practice and use Swaptions Pricing swaps Market standards for swaps Use of swaps in investment funds Risks associated with swaps
September 14, 2009	Private Equity Funds	Investment Funds	1 day(s)
	Development of private equity funds The market for private equity funds Characteristics of private equity investment Shareholder administration Legal structures for private equity funds Managing illiquid investments Alternative methods used for managing private equity funds Performance fees and equalisation Pricing of private equity funds Trends that will shape the future of private equity funds
September 9, 2009	Introduction to Derivatives	Derivatives	1 day(s)
	History and development of derivatives markets Characteristics of options, futures, forward contracts and swaps Leveraging with derivatives Hedging with derivatives Market for derivatives How derivatives markets operate Differences between exchange-listed and over-the-counter derivatives Options: Types, use and market practice Futures and forward contracts: Types, use and market practice Swaps: Types, use and market practice Risks associated with derivatives and their use
June 12, 2009	Custody and Corporate Actions	Securities	1 day(s)
	Importance of custody and corporate actions in international financial markets General market practice and the players in the custody area Principal activities of custodian banks Different types of corporate actions and their characteristics for equities, debt instruments and investment funds Information sources for corporate actions Taxation and tax reclamation How corporate actions are calculated, processed and paid Impact of corporate actions Shareholder activism and voting Custody operations in central securities depositories (CSDs) Standards and market conventions in the custody area Trends that will impact the future of custody and corporate actions
March 27, 2009	Operational Risk Management	Compliance and Risk Management	1 day(s)
	Definition of operational risk Basel II and operational risk Identifying and managing operational risk Reducing operational risk Analyse operational procedures relative to risk Quantitative and qualitative approaches to managing operational risk Evaluating and managing IT risk Managing people risk Effective controls for operational risk Profile of an operational risk manager Operational risk in fund administration