Programme in preparation

Capital Markets and Financial Instruments: CAMFIN Certificate

Capital Markets and Financial Instruments Certificate (CAMFIN)

In cooperation with ICMA (International Capital Market Association) Luxembourg Region.

Objectives

The primary objective of this practice-driven seminar is to enable participants to deepen their knowledge of the international financial markets, the financial instruments such as bonds, equities, repos, swaps, options and structured products. Both technical and operational aspects as well as risk considerations and the impact of regulation on day-to-day activities are covered.

Methodology

The blended methodology used in CAMFIN is based on an optimal combination of theory and practice. Theoretical aspects are based on the latest market standards, while examples, case studies and exercises are used to present and reinforce the practical application of the material.

In order to help the course attendants to refresh the required level of fundamental knowledge in financial markets and financial mathematics, two distinctive e-learning programmes will be put at their disposal about one month before the start of the online seminar.

Target audience

The programme has been designed for both front and back-office personnel having a good basic knowledge of the markets, products and financial mathematics, and with less than 4 years of practical experience in the industry.

A good level of English is required.

Exam

The knowledge acquired in the seminar will be validated through an online examination (MCQ questionnaire of around 80 questions). The required passing rate is 50%. Successful candidates will be granted a certificate.

Technical requirements

The seminar will be organized in Webex. In order to join the course participants are requested to have:

  • A stable internet connection
  • A device (preferably a PC) with wellfunctioning microphone and webcam, which is mandatory to get the most from the course and to participate in the online exam.

Duration

  • Elearning courses
    • International Financial Markets – estimated duration: 2 hours
    • Financial Mathematics – estimated duration: 8 hours
  • Principal online seminar – 10 sessions of 4 hours each
  • Online exam – 3 hours

Detailed programme Explode

E-LEARNING COURSES

In order to help the course attendants to refresh the required level of fundamental knowledge in financial markets and financial mathematics 2 distinctive e-learning/distance learning programmes will be put at their disposal around one month before the start of the online seminar.

International financial markets (estimated total duration: 2 hours)

  • Financial Markets
  • Financial Instruments: Securities
  • Financial Instruments: Derivatives and Investment Funds
  • Market Activities
  • Market Players
  • Future Trends

Financial Mathematics (estimated total duration: 8 hours)

  • General financial calculations
  • Time value and discount factors
  • Term structure of interest rates
  • Financial returns
  • Statistics
  • Variance and covariance, standard deviation, market model
  • The variance components of assets in a linear regression model and some performance ratios

PRINCIPAL ONLINE SEMINAR

Applied Mathematics on fixed income products, bonds and futures on bonds (duration: 4 hours)

  • Pricing of bonds
  • ICMA Bond Principles
  • Term structure of interest rates
  • Identifying and measuring financial risk
  • Bond futures and hedging techniques

Practical applications and bond portfolio management (duration: 4 hours)

  • Return expectations
  • Management strategies
  • Diversification
  • Currency as asset class
  • Performance contributors and measurement

Options & Structured products (duration: 4 hours)

  • Introduction, options, yield curves
  • Pricing variables
  • 4 basic strategies & their risk and reward
  • Exercises – using options in Portfolio Management
  • Capital guaranteed structures
  • Reverse convertibles
  • More exotic structured products
  • Pricing and Documentation –
  • Beware of the dangers!
  • Exercises – understanding real life products

Sustainable Finance (duration: 4 hours)

  • Introduction to Sustainable Finance
  • Green Social and Sustainability Bond Trends
  • Market Standards
  • Taxonomy and Accounting

Repos and swaps (duration: 8 hours)

  • Repos : Flow chart; Terms of the agreement; Collateral; Margins; Manufactured dividend; Market participants; Repo types; GC & special
  • Swaps : Definition & characteristics; Types of swaps; Market share; Currency swaps; CDS; example; IRS characteristics; IRS cash flows; IRS quotation; Curves; Swap pricing mechanics; Constructing the short end; Constructing the long end; Zero curve examples; Curve adjustments; Interpolating the curve; Intermaturity spreads; Bond hedging; Forward starting swaps; Pricer example; Currency interest rate swaps; Beyond plain vanilla swaps

Financial analysis, cross-asset (duration: 8 hours)

  • Methods, tools and instruments for asset selection
  • Bonds and Equities: definitions, different markets, attributes
  • Stock market quotation and orders in MiFID regulated markets
  • Investment Funds: overview and fund selection methods / criteria
  • Relevant websites

Risk Management (duration: 4 hours)

  • The current market turmoil: origin of the crisis and features
  • Choosing a risk management strategy
  • The risk management framework and lessons learned during the crisis
  • Organisational and operational aspects for the risk management unit
  • Market risk, credit risk, operational risk and liquidity risk from the bank’s perspective
  • Risk systems and lessons learned during the crisis

Securities clearing, settlement and custody (duration: 4 hours)

  • Debt instruments; Equities; Entitlements
  • Matching; Clearing; Settlement; Custody
  • Future Issues

 

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