Swaps
Description
Swaps are extremely flexible and can be used for a wide variety of purposes. But because swaps are by definition an over-the-counter instrument, they are complex and often difficult to understand. This course provides participants with a good understanding of swaps, their characteristics, the different types of swaps that exist and how swap markets operate.
Course Content
- Characteristics of swaps
- 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
- Equity swaps : Characteristics, market practice and use
- Credit default swaps : Characteristics, market practice and use
- Non-generic swaps (e.g., catastrophe swaps, inflation swaps): Characteristics, market practice and use
- Swaptions
- Pricing swaps
- Market standards for swaps
- Risks associated with swaps
Duration
1 day for up to 12 participants
Target Audience
Financial service professionals with at least 1 year experience in financial services who want to understand swaps.