Global Markets

MPC Global Markets

MPC provides training in four main focus areas:

  • Global Markets 
  • Capital Markets
  • Investment Management
  • Corporate Finance

Additionally, seminar series are offered to clients looking for training in multiple topic areas.

 

Global Markets

Global markets consist of: interest rate, credit, foreign currency exchange, commodities and stock markets.  These courses cover the tools and techniques relevant to investors, risk managers and corporate financiers in today’s markets. Areas of study include: financial risk management, various derivative strategies and structured products.  MPC offers the following courses: 

Fundamentals of the Securities Industry [2 days] 

This course provides industry newcomers with a useful foundation, covering the major aspects from capital formation to the regulation of the markets.  By the end of the course, the participant should be able to:

  • Understand capital formation
  • Know the different types of securities
  • Understand how securities markets are regulated

 

Developing and Positioning Derivative Strategies for Corporate Clients [3 days]

This course is suitable for relationship managers, product specialists and other financial professionals influential in capital markets financing decisions involving risk management products and policies.  At the end of this seminar, delegates will be able to:

  • Diagnose types and levels of financial risk;
  • Apply swaps, FRAs and options to manage interest rate risk
  • Develop option-based and forward hedging strategies to manage FX risk
  • Develop proposals to clients to help them manage corporate and financial risk

 

Interest Rate Derivatives [3 days]

Delegates will explore applications and strategies involving Interest Rate Derivative Products.  We will look at several recent transactions and develop suitable and appropriate strategies to minimize risk or increase exposure to interest rate movements for various client types.  Topics include:

  • Financial risk management overview
  • Understanding yield curves
  • Interest rate forwards, swaps and options
  • Exotic interest rate derivatives and strategies
  • Interest rate structured products

  

 

Foreign Currency Markets & Products [2 days]

Increasingly, foreign currency exchange plays a larger role in financing and investment decisions.  This course provides a detailed look into some of the most widely used FX applications, including:

  • An overview of the global forex market
  • Pricing FX forwards and applications
  • Cross currency and FX swaps
  • Currency options and advanced forward solutions

 

Options Workshop [3 days]

MPC’s Options Workshop is designed for professionals seeking to know more about the usage, pricing and risk management of options. No prior knowledge is assumed, but delegates should have good numeracy skills as the course has a degree of mathematical content. By the end of the course, delegates will:

  • Know how put and call options are used
  • Know how to apply binomial and Black-Scholes models to price options
  • Be able to calculate and interpret the “Greeks” – widely used in risk management
  • Be familiar with different types of option combinations – and the strategies behind using these combinations for both hedging and investing clients
  • Understand more advanced and exotic options including digitals, barriers and Asian options.

 

 

Swaps Markets & Products [2 days]

This course explores key areas of swaps markets, specifically transactions related to interest rate, foreign currency exchange and credit.  We will address pricing and the risk factors associated with each of the three swap types.  This course is structured for an intermediate to advanced level audience comprised of analysts currently involved with reviewing and assessing the relative riskiness of these products.  During this workshop, delegates will:

  • Diagnose types and levels of financial risk;
  • Develop fundamentals of interest rate curves used to price derivatives
  • Understand how interest rate swaps are priced and placed
  • Explore currency markets and swap applications
  • Understand CDS market and typical pricing conventions

 

 

Exotic Derivatives & Structured Products [3 days]

“Exotic” derivatives can be thought of as derivative products containing some feature or combination of features that make them more complex than ordinary or “vanilla” products.  These products are usually traded over-the-counter (OTC) and are sometimes embedded in structured products, which may be traded OTC or listed on an exchange.  In this course, we will explore the process of creating exotic derivatives, beginning with a primer in the building blocks used to design these complex forwards, swaps and options.  We will then develop a methodology to structure, price and position exotics to maximize investment, financing and risk management activities in interest rate, currency and equity-related markets.  This intermediate level course assumes participants possess a basic knowledge of derivative structures, capital markets transaction mechanics and fundamentals of asset and derivative pricing.  Knowledge of basic financial mathematics of value (net present value methodologies) is also suggested.

 

 

Credit Derivatives & Structured Credit Products [4 days]

As the credit default swap (CDS) market enters its third decade, credit traders, risk managers and portfolio managers are seeking new applications to manage and fine-tune credit exposure.  This course explores the markets for CDS, new innovations and regulations that affect pricing and valuation and emerging trends in global markets involving CDS and structured credit products.  Topics covered include:

  • International credit market conditions today
  • CDS and variations: Basket, index and sovereign CDS
  • Risk and portfolio management using CDS
  • Structured credit products including CDOs and synthetic CDOs