Equity Indexes
Market Segmentation, Index Construction and Weighting, Bias, Tracking Error and Rebalancing, Trading and Hedging Strategies using Index Products.
Equity Valuation
Uses and Limitations of Valuation, Valuation Models, Model Inputs, Ratio Analysis, Intrinsic Valuation, Relative Valuation, Equity Risk Premium, Dividend Discount Models, Method of Comparables, Enterprise Value and Economic Value Added (EVA), Oracle Valuation Case.
Equity Investment Vehicles
Mutual Funds, Hedge Funds, Private Equity, Venture Capital.
Introduction to Derivatives
Characteristics of Derivatives, Hedging and Speculative Uses, ISDA Framework and Regulation.
Futures and Forwards
Futures and Forwards Markets, Exchanges, Clearinghouses and OTC, Hedging and speculating with Futures, Trade Execution, Settlement and Margining, Bond Futures, Index Futures.
Swaps
History and Evolution of Swaps, Characteristics & Features of Swaps, Fundamentals of Pricing, Interest Rate Swaps, Application of Interest Rate Swaps to Hedging Situations, FX Swaps.
Options
History and Evolution of Options Market, Options Terminology, Evaluate Risk/Reward - Payoff Profiles & Break-Evens, Identify Basic Characteristics of options, caps & floors and swaptions, Identify Factors of Options Pricing.
Credit Derivatives
Define and Identify Credit Derivatives, Total Return Swaps and Credit Default Swaps, Identify Mechanics of Basket and Portfolio Credit Default Swaps.
Equity and Bond IPO
Participants: Company Management, Board of Directors, Counsel, Independent Accountants, Pre-IPO shareholders, Managing Underwriters, Underwriter’s Counsel, Research Analysts, SEC, Corporate Bond Issuance.
Timing and Major Steps in IPO Process
Pre-Organizational Meeting, Organizational Meeting, Post-Organizational Meeting.
