What is the aim of this
course?
This course aims to
de-mystify the concept of derivatives and stimulate the thinking of
securities professionals in risk management, treasury management and
corporate finance to deepen the domestic markets with new products.
Who is it for?
Treasury managers,
experienced dealers, and back office personnel aspiring to move into
management positions as well as risk management and corporate
finance and securities professionals.
What will you learn?
•
Forwards
•
Options
•
Swaps
•
Forward rate agreements
•
Interest rate derivatives/contracts
•
Interest rate options
•
Forward-forwards
•
Derivative pricing models:
a. Binomial pricing
b. Martingale pricing
c. Black-Scholes pricing
d. Garman-Kolhagen pricing
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What
is the aim of this course?
The
dominant securities on the Ghanaian financial markets are fixed
income instruments in the form of government treasury bills.
However, a potentially helpful fixed income instrument that can
jumpstart the economic growth by providing the much needed energy to
fuel the so-called engine of growth, i.e. the corporate private
sector, is the bond market. The reason is not difficult to fathom:
it will provide long-term capital which is vital for long term
investments in productive activity.
Thus this course seeks to explore the nature and opportunities
presented by a well-developed corporate fixed income securities
market.
Who is it for?
Treasury
managers, experienced dealers, and back office personnel aspiring to
move into management positions as well as risk management and
corporate finance and securities professionals.
What will you learn?
•
Interest rate concepts
• Determinants of interest rates
• Types of bonds
• Returns indicators: current yield, yield to maturity, realized
compound yield
• Risk indicators: price sensitivity, dedication, convexity
• Fixed income portfolios: immunization, dedication
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