Capital Markets Immersion: A Financial Markets Introduction

Capital Markets | Financial Markets | Financial Risk | Financial Math | Yield Curves | Derivatives | Swaps | Options

What you'll learn

Apply key skill of financial math, including NPV, IRR, PV, FV, to real business problems.

Discuss the players, products, markets and applications of capital markets instruments.

Interpret the meaning of yield curves and how financial markets and instruments drive pricing.

Explain the full range of fixed income instruments, their issuers and investors, and the ways these instruments are structured.

Detail equity markets products, players and market dynamics.

Determine uses and applications of futures and options.

Become a well-rounded financial markets and capital markets professional

Requirements

Knowledge of the english language.

Basic math knowledge (a calculator is recommended for some of the lectures).

Description

The "Capital Markets Immersion: A Financial Markets Introduction" program provides a solid and deep introduction to the global financial markets and capital markets. This course is designed to deliver a comprehensive, deep dive into the functions and roles played by modern financial institutions and their key lines of business. The program is intended for professionals (or those about to enter the business) with a foundational knowledge of the industry’s basic products and services, and how each function.You need not understand what a commercial or investment bank is, or how interest rates function to determine the price of bonds (fixed income) products. But, once you complete this course you will be able to speak comfortably about the industry and its products and services both from a bird's eye view, as well as the ground level.This program is the most comprehensive course on the capital markets on Udemy.The program's framework consists of lectures covering 7 separate topics:1. The Capital Markets Road Map - Highlights the primary participants, issuers, investors, intermediaries in capital markets, what they trade there, and the applications to which market participants make use of the instruments and the roles they play.2. Fundamental Financial Math - Introduces you to a wide variety of calculations and related concepts that are used by financial market participants in a plethora of applications - calculating prices, rates of return, and yields for example.3. Yield Curve Dynamics - Covers a variety of issues relating to yield curves, their construction, and their use in a variety of analytical applications to assess risk and return.4. Fixed Income Securities - Introduces you to the market for fixed income securities, provides you with a lot of details on the characteristics of fixed income securities in general, as well as discuss specific characteristics of specific sectors of the fixed income market - insurers, investors, and a wide variety of concepts relating to the analysis and validation of those securities.5. Equity Products - Introduces equities by providing an overview of the types of products, including both direct and indirect products; and demonstrating types of shares and exchanges, investors, diversification and volatility.6. Futures & Options - Introduces derivatives in general, to demonstrate the common features of derivatives and how they differ from other sorts of financial instruments. Futures and options contracts' key characteristics will be identified, and contract features, pricing, applications, risk management, and hedging will be discussed.7. Interest Rate Swaps - A look at interest rate swaps in detail. First, swaps, in general, are introduced, then the structure of the most common type of interest rate swap - the fixed or floating interest rate swap - will be addressed. A variety of different structures, pricing and valuation, and applications - both risk management and speculative - will be discussed.In all, there are 142 total lectures (video clips) and over 24 hours of total view-able content. This program also includes supplemental PDFs as downloadable attachments that you can use to follow along with each lecture's instructor. More about this course and StarweaverThis course is led by a seasoned capital markets industry practitioner and executive with many years of hands-on, in-the-trenches financial markets sales, trading and analysis work. It has been designed, produced and delivered by Starweaver. Starweaver is one of the most highly regarded, well-established training providers in the world, providing training courses to many of the leading financial institutions and technology companies, including:Ahli United Bank; Mashreqbank; American Express; ANZ Bank; ATT; Banco Votorantim; Bank of America; Bank of America Global Markets; Bank of America Private Bank; Barclay Bank; BMO Financial Group; BMO Financial Services; BNP Paribas; Boeing; Cigna; Citibank; Cognizant; Commerzbank; Credit Lyonnais/Calyon; Electrosonic; Farm Credit Administration; Fifth Third Bank; GENPACT; GEP Software; GLG Group; Hartford; HCL; HCL; Helaba; HSBC; HSBC Corporate Bank; HSBC India; HSBC Private Bank; Legal & General; National Australia Bank; Nomura Securities; PNC Financial Services Group; Quintiles; RAK Bank; Regions Bank; Royal Bank of Canada; Royal Bank of Scotland; Santander Corporate Bank; Tata Consultancy Services; Union Bank; ValueMomentum; Wells Fargo; Wells Fargo India Solutions; Westpac Corporate Bank; Wipro; and, many others.Starweaver has and continues to deliver 1000s of live in-person and online education for organizational training programs for new hires and induction, as well as mid-career and senior-level immersion and leadership courses.If you are looking for live streaming education or want to understand what courses might be best for you in technology or business, just google:starweaver journey builder starweaver[dot]comHappy learning.

Overview

Section 1: Capital Markets Road Map

Lecture 1 Welcome!

Lecture 2 Major Market Segments and Types of Instruments

Lecture 3 Economic Functions of Capital Markets

Lecture 4 Securities Markets and Important Market Participants

Lecture 5 Commercial Banking and Investment Banking

Lecture 6 Primary and Secondary Markets

Lecture 7 Primary Market Offerings

Lecture 8 Roles of Financial Intermediaries

Lecture 9 Comparing Securities to Derivatives

Lecture 10 Introduction to Fixed Income Securities

Lecture 11 Fixed Income Securities: Sources of Return and Types of Risk

Lecture 12 Government and Government Agency Securities

Lecture 13 Corporate Securities and Structured Securities

Lecture 14 Bond Pricing and Valuation

Lecture 15 Yield Curves, Credit Markets and the Business Cycle

Lecture 16 Yield Curves, Monetary Policy and the Real Economy

Lecture 17 Introduction to Equity Securities

Lecture 18 Investment Characteristics and Valuation of Equity Securities

Lecture 19 Valuation of Equities Using Earnings Multiples (P/E Ratios)

Lecture 20 Currency Markets and Factors Affecting Exchange Rates

Lecture 21 Types of Derivative Contracts and Economic Exposures

Lecture 22 The Real Meaning of "Derivatives" and Their Use in Managing Risk

Section 2: Fundamental Financial Math

Lecture 23 Interest Rates and Yields

Lecture 24 Interest Rates and Rates of Return

Lecture 25 Interest Rate Conventions and Time Value of Money Part 1

Lecture 26 Interest Rate Conventions and Time Value of Money Part 2

Lecture 27 Compound Interest

Lecture 28 Time Value of Money and Bond Pricing

Lecture 29 Pricing Zero Coupon Bonds

Lecture 30 Pricing Coupon Bonds

Lecture 31 Bond Pricing Versus Bond Valuation

Lecture 32 Pricing Discount Securities

Lecture 33 Discount Rates Versus Bond Equivalent Yield

Lecture 34 Bond Yields

Lecture 35 Yield to Maturity

Lecture 36 Yield to Maturity Versus Rate of Return

Lecture 37 Yield to Maturity as an Expression of Current Value

Section 3: Yield Curve Dynamics

Lecture 38 Introduction to Yield Curves

Lecture 39 Types of Yield Curves and Yield Curve Spreads

Lecture 40 Introduction to Duration

Lecture 41 Types of Duration

Lecture 42 Modified Duration

Lecture 43 Duration Illustration

Lecture 44 Duration of Callable Bonds

Lecture 45 Yield Curve Shapes and the Level of Interest Rates

Lecture 46 Yield Curve Theories

Lecture 47 Yield Curves and the Business Cycle

Lecture 48 Spot Rates and Spot Rate Curves

Lecture 49 Calculation of Spot Rates

Lecture 50 Bond Valuation and Rich/Cheap Analysis

Lecture 51 Treasury Strips and the Strip Rate Curve

Lecture 52 Forward Rates

Lecture 53 Calculating Forward Rates

Lecture 54 Forward Rate Applications

Lecture 55 Total Return Analysis

Lecture 56 Total Return Analysis Illustration

Section 4: Fixed Income Securities

Lecture 57 Introduction to Fixed Income Securities and Markets

Lecture 58 The Primary Market: Issuing Bonds to Borrow Funds

Lecture 59 Similarity of Bonds to Loans & Bond Valuation Issues

Lecture 60 Bond Contact Features

Lecture 61 Bond Coupons, Accrued Interest and Bond Pricing Conventions

Lecture 62 Day Count Conventions & Bond Retirement

Lecture 63 Types of Risk

Lecture 64 Sources of Return & Bond Yields

Lecture 65 Bond Yields, Yield to Maturity and Rate of Return

Lecture 66 Yield Curves

Lecture 67 Yield Curves & Government Securities

Lecture 68 Government Bonds & US Treasury Securities

Lecture 69 Corporate Fixed Income Securities

Lecture 70 Credit Risk of Corporate Securities & Trust Indentures

Lecture 71 Secured and Unsecured Bonds

Lecture 72 Convertible Securities

Lecture 73 Preferred Stocks & Introduction to Structured Securities

Lecture 74 Asset Securitization & Introduction to Mortgage Backed Securities

Lecture 75 Mortgage Backed Securities

Lecture 76 CMOs & Introduction to Asset Backed Securities

Lecture 77 Credit Card and Auto Loan Asset Backed Securities

Lecture 78 Collateralized Debt Obligations

Lecture 79 CDOs and Money Market Instruments

Lecture 80 Agency Securities & Regional/Local Government Debt Securities

Section 5: Equity Products

Lecture 81 Types of Products/Shares

Lecture 82 Buying Shares & Equities

Lecture 83 Tesco Example

Lecture 84 Types of Shares and Exchanges

Lecture 85 Depository Receipts

Lecture 86 Types of Investors, Diversification and Volatility

Lecture 87 Types of Indices Part I

Lecture 88 Types of Indices Part II

Lecture 89 Tracking Funds

Lecture 90 Exchange Traded Funds (ETF's)

Lecture 91 Introduction to Derivatives

Lecture 92 Forward Contracts

Lecture 93 Futures

Lecture 94 Equity Swaps

Lecture 95 Options

Lecture 96 Structured Products (Warrants, Certificates and Notes)

Section 6: Futures & Options

Lecture 97 Types of Derivative Contracts and Their Characteristics

Lecture 98 Derivatives Compared to Securities

Lecture 99 Derivatives Defined

Lecture 100 Futures Terminology and Contract Features

Lecture 101 Physical Delivery to Close a Futures Position

Lecture 102 Cash Settlement, OTC Derivatives

Lecture 103 Futures Clearinghouse and Third Party Contracts

Lecture 104 Futures Margins and Futures Contracts

Lecture 105 Clearinghouse and Futures Trades

Lecture 106 Comparing Futures Versus Underlying Positions

Lecture 107 Futures Positon Cash Flows and Hedging with Futures

Lecture 108 Futures Positions: Risk and the Cost Taking Position

Lecture 109 Cost of Carry/Carrying Charges

Lecture 110 Cost of Carry Pricing and The Forward Pricing Curve

Lecture 111 Option Fundamentals: Contract Features and Terminology

Lecture 112 Option Contract Example: Long Call Positions

Lecture 113 Option Pricing Basics

Lecture 114 Time Value, Instrinsic Value and Moniness

Lecture 115 Short Option Positions

Lecture 116 Investment Characteristic of Options

Lecture 117 Overview of Long Put, Short Call and Short Put Positions

Lecture 118 Option Pricing and Sensitivities (Option "Greeks")

Lecture 119 Option Deltas

Lecture 120 Delta Hedging

Lecture 121 Delta Neutral Hedging Example

Lecture 122 Black-Scholes and Option Volatility (Vega)

Lecture 123 Implied Volatility and Volatility Trading

Section 7: Interest Rate Swaps

Lecture 124 Introduction of Swaps

Lecture 125 Interest Rate Swap Basics

Lecture 126 Interest Rate Swap Contract Features

Lecture 127 Fixed for Floating Interest Rate Swaps

Lecture 128 Periodic Settlement Payments on Interest Rate Swaps

Lecture 129 Hedging Cash Flow Uncertainty with Interest Rate Swaps

Lecture 130 Net Interest Cost of a Synthetic Fixed Coupon Bond

Lecture 131 OTC Clearinghouses

Lecture 132 Cleared Swaps Versus OTC Swaps Ex-Clearinghouse

Lecture 133 Functioning of OTC Clearinghouses

Lecture 134 Terminating a Swap Before Maturity

Lecture 135 Interest Rate Swap Pricing

Lecture 136 Pricing Fixed for Floating Interest Rate Swaps

Lecture 137 Valuing Swaps, Hedging Cash Flow Uncertainty

Lecture 138 Managing the Cash Flow Risk of Fixed and Floating Rate Assets

Lecture 139 Basis Swaps (Fixed Versus Floating Swaps)

Lecture 140 Capital Market Equivalents for the Fixed and Floating Rate Payers

Lecture 141 Value Hedging, Asset Swaps

Lecture 142 Variations in the Structure of Interest Rate Swaps

Lecture 143 Structuring and Pricing Basis Swaps

Section 8: Quizzes and Tests

Lecture 144 Your quizzes will appear here

Section 9: Closing Remarks

Lecture 145 Take-aways

Analysts and associates in commercial, corporate and investment banking.,Relationship managers (0-5 years) in commercial, corporate and investment banking.,Students new to the financial services business and looking for a complete picture of what the capital markets are, and how they function