PRLog (Press Release) - Aug 08, 2011 - A 2-day intermediate financial training course on Inflation Linked Securities & Derivatives designed to familiarise delegates with the full range of inflation-linked products, using real case studies and PC-based exercises:
- Analysis of full range of inflation-linked structures
- Governmental linker bond markets
- Estimating forward inflation
- Generic inflation-linked swap markets
Special purpose inflation-linked products:
-Non-governmental structured securities
-ALM applications
-Structured swaps
Modelling inflation-linked structured securities & swaps
Course Background
In recent years, many of the major economies have adopted inflation-constraining policies. As part of these policies, they have issued inflation-linked securities which will act as penalties if inflation gets out of control. Because of the resulting decline of inflation, these securities have been attractive to investors as a safeguard against a subsequent rise in inflation. Increasingly, non-governmental organisations have also been issuing linkers.
Not unnaturally, a rapidly growing derivative market has developed on the back of these securities. These enable counterparties either to hedge or to take on inflation risk in a structured fashion.
Course Objectives
This 2-day course on Inflation Linked Securities & Derivatives is designed to familiarise delegates with the full range of inflation-linked products. It starts by analysing the generic linker bonds issued by governments, and then shows how an inflation curve can be implied from them. Generic inflation swaps are then covered, and the link between swaps and bonds examined. The course finishes by explaining non-generic structures in some detail, and how they may be constructed from both a theoretical and a practical perspective.
Who Should Attend?
The Inflation Linked Securities & Derivatives course is pitched at an intermediate level. Participants should have a reasonable, but not advanced, knowledge of derivative structures and valuation, and also of Excel for the computer-based exercises. The emphasis of the course is on the broad structuring and modelling concepts, and not on advanced derivative mathematics.
- Experienced members of derivative desks and other structuring teams
- Derivative and fixed-income sales
- Financial engineers
- Risk managers
- Product controllers
- Fund managers and other participants from the buy-side
- Software engineers and people with responsibility for supporting or building derivative systems
- Teaching Methods
Traditional teaching, reinforced by:
A range of real case-studies which will be analysed in detail
Computer simulations to assess, in particular, the risk profiles of structures
Realistic computer-based exercises, which participants will be able to take away with them, and use back in their institutions
Get more information and register for the Inflation Linked Securities & Derivatives Course at http://investcourses.com/inflation-linked-securities-der ...
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