Swaps

 
  • Price: US$ 150.00
  • Publisher: KESDEE
  • Number of modules: 7
  • Length: 14-21 hours
  • Language: English
  • Subscription: 12 months
whats-included

Learn How to use Swaps to Boost Profits or Hedge Risk

Swaps exchange for one set of cash flows for another and are one of the cornerstones of derivatives trading today.  Since they are an important part of risk and portfolio management, banks and corporate treasurers are using them more and more to balance risk exposures. 

This is an excellent online course for anyone interested in using swaps in asset management - including managers, traders, back office support, accountants or corporate treasurers.  The course will help those with an interest in swaps to understand the variety, complexity and opportunity of the modern swaps market.

You will learn how generic swaps work and the concepts and terminologies used in swaps.  You will also gain exposure to the different types of swaps and when they should be used.  Finally, you will learn how to price and value swaps.

 
Swaps

Swaps: 7 Modules of 2 - 3 hours each, plus references and key formulas


1. Swaps – Fundamentals

  • What are Swaps?
  • Elements of a Swap
  • Participation by Financial Intermediaries
  • Types of Swaps
  • Pricing and Valuation Concepts
  • Risks Associated with Swaps
  • Documentation


2. Interest Rate Swaps

  • What is an Interest Rate Swap?
  • Basic Transaction
  • Plain Vanilla Interest Rate Swaps
  • Interpreting Swap Quotes
  • Pricing and Valuation of Interest Rate Swaps


3. Currency Swaps

  • Introduction to Currency Swaps
  • Mechanism of a Currency Swap
  • Pricing and Valuation of Currency Swaps
  • Currency vs. Foreign Exchange Swaps


4. Commodity Swaps

  • What is a Commodity Swap?
  • Plain Vanilla Commodity Swaps
  • Pricing Commodity Swaps
  • Commodity Swaps vs. Futures Contracts
  • Credit Risk in Commodity Swaps


5. Equity Swaps

  • A Plain Vanilla Equity Swap
  • A Single Currency Equity Swap with a Fixed Notional Principal
  • Cross-Currency Equity Swaps
  • What do Equity Swaps do?
  • Variations in Basic Structure


6. Interest Rate Swap Variants

  • Asset Swaps
  • Zero-Coupon Swaps
  • Basis Swaps
  • Deferred Swaps
  • Delayed Rate Setting and Rate-Capped Swaps
  • Amortizing Swaps
  • Draw Down Swaps
  • Other Variants


7. Swaptions

  • Swaption Variants
  • Pricing Swaptions
  • Uses of Swaptions

 

Bonus: Job Aids and References

 

Measurement Tools

  • Disclosures
  • Regulations
  • Global Best Practices
  • Benchmarking Data


Key Calculations

  1. Amortizing Swaps
  2. Commodity Swaps
  3. Currency Swaps
  4. Drawdown Swaps
  5. Forward Swaps
  6. Pricing Interest Rate Swaps
  7. Daycount Calculator
  8. Currency Swaps Valuation Calculator
  9. Swaptions