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.
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