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  1. Courses
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  3. Capital Market Immersion

Capital Market Immersion

An essential, comprehensive guide to understanding the markets, players and products of the global capital markets.

Doug Carroll
Doug Carroll
Finance | core | 8 hours 30 minutes |   Published: Aug 2019
In partnership with:  Coursera

    Discussions

Overview

2.4KSTUDENTS*
93.7%RECOMMEND*

This course includes:

  • 8+ hours of on-demand video
  • 23 modules
  • Core level
  • Direct access/chat with the instructor
  • 100% self-paced online
  • Many downloadable resources
  • Shareable certificate of completion

The Capital Market Immersion program provides a solid and deep introduction to the global capital markets. This course is designed to deliver a comprehensive, deep-dive into the functions and roles played by modern financial institutions and their key lines of business. The program is intended for professionals (or those about to enter the business) with foundational knowledge of the industry’s basic products and service, and how each functions. The program's framework consists of lectures covering 7 separate topics:

  1. The Capital Markets Road Map - Highlights the primary participants, issuers, investors, intermediaries in capital markets, what they trade there, and the applications to which market participants make use of the instruments and the roles they play.
  2. Fundamental Financial Math - Introduces you to a wide variety of calculations and related concepts that are used by financial market participants in a plethora of applications - calculating prices, rates of return, and yields for example.
  3. Yield Curve Dynamics - Covers a variety of issues relating to yield curves, their construction, and their use in a variety of analytical applications to assess risk and return.
  4. Fixed Income Securities - Introduces you to the market for fixed income securities, provides you with a lot of details on the characteristics of fixed income securities in general, as well as discuss specific characteristics of specific sectors of the fixed income market - insurers, investors, and a wide variety of concepts relating to the analysis and validation of those securities.
  5. Equity Products - Introduces equities by providing an overview of the types of products, including both direct and indirect products; and demonstrating types of shares and exchanges, investors, diversification and volatility.
  6. Futures & Options - Introduces derivatives in general, to demonstrate the common features of derivatives and how they differ from other sorts of financial instruments. Futures and options contracts' key characteristics will be identified, and contract features, pricing, applications, risk management, and hedging will be discussed.
  7. Interest Rate Swaps - A look at interest rate swaps in detail. First, swaps in general are introduced, then the structure of the most common type of interest rate swap - the fixed or floating interest rate swap - will be addressed. A variety of different structures, pricing and valuation, and applications - both risk management and speculative - will be discussed.

 

Skills You Will Gain

Capital Markets
Equities Products
Financial Math
Fixed Income Securities
Yield Curve

Learning Outcomes (At the end of this program you will be able to)

  • Describe the players, products, markets and applications of capital markets instruments.
  • Apply all the concepts of financial math, including NPV, IRR, PV, FV, to real business problems.
  • Interpret the meaning of yield curves and how financial markets and instruments drive pricing.
  • Explain the full range of fixed income instruments, their issuers and investors, and the ways these instruments are structured.
  • Detail equity markets products, players and market dynamics.
  • Determine uses and applications of futures and options.
  • Discuss the use, structure and pricing of interest rate swaps.

Prerequisites

Who Should Attend

  • Analysts and associates in commercial, corporate and investment banking.
  • Relationship managers (0-5 years) in commercial, corporate and investment banking.

Curriculum

Instructors

Frequently Asked Questions

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Yes, we do offer a certification upon completion of our course to showcase your newly acquired skills and expertise.

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No, we don't offer any free courses, but we do offer 5-day trial only on our subscriptions-based plans.

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Our course is designed with three levels to cater to your learning needs - Core, Intermediate, and Advanced. You can choose the level that best suits your knowledge and skillset to enhance your learning experience.

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Do you offer refunds?

Yes, we do offer a 100% refund guarantee for our courses within a specified time frame. If you are not satisfied with the course, contact our customer support team to request a refund with your order details. Some restrictions may apply.

*Where courses have been offered multiple times, the “# Students” includes all students who have enrolled. The “%Recommended” shown is also based on this data.
1Welcome to the course!
2Capital Markets Road Map
3Financial Math - Interest Rate Conventions and Time Value of Money (1/3)
4Financial Math - Debt Security Pricing (2/3)
5Financial Math - Bond Yields and Rates of Return (3/3)
6Yield Curve Dynamics - Introduction to Yield Curves (1/5)
7Yield Curve Dynamics - Duration and its Applications (2/5)
8Yield Curve Dynamics - The Level of Rates and Shape of the Yield Curve (3/5)
9Yield Curve Dynamics - Spot Rates and Forward rates (4/5)
10Yield Curve Dynamics - Total Return Analysis (5/5)
11Equities Products - Introduction (1/3)
12Equities Products - Equity Indices (2/3)
13Equities Products - How to Buy the Market (3/3)
14Futures & Options - Introduction to Derivatives (1/6)
15Futures & Options - Introduction to Futures Contracts (2/6)
16Futures & Options -Future Contracts Trading and Cash Flows (3/6)
17Futures & Options - Futures Pricing (4/6)
18Futures & Options - Introduction to Options (5/5)
19Futures & Options - Option Pricing and Applications (6/6)
20Interest Rate Swaps - Introduction to Interest Rate Swaps (1/5)
21Interest Rate Swaps - Risk Management of Floating Rate Liabilities (2/5)
22Interest Rate Swaps - OTC Clearinghouses (3/5)
23Interest Rate Swaps - Swap Pricing and Valuation (4/5)
24Interest Rate Swaps - Risk Management with Interest Rate Swaps (5/5)

Bond Yields

Yield to Maturity

Yield to Maturity Versus Rate of Return

Yield to Maturity as an Expression of Current Value

Doug Carroll

Doug Carroll

With over 40 years of experience in financial markets and instruments, I bring a wealth of expertise to training and education. My background spans across sales, trading, and investment management, providing me with a comprehensive understanding of various financial topics. I specialize in designing and delivering interactive, high-energy training sessions that bridge the gap between theoretical concepts and practical applications. My diverse experiences have enabled me to cater to audiences ranging from industry newcomers to seasoned professionals, ensuring that each session is tailored to the participants' needs. Throughout my career, I've developed and led training programs on a wide array of subjects including bond math, equity derivatives, portfolio management, and fixed income analytics. My ability to communicate complex topics effectively in both classroom settings and digital formats has been honed through years of delivering presentations and creating educational content for global audiences. Whether through live webinars or in-person sessions, I am dedicated to providing impactful learning experiences that resonate with participants and enhance their professional skills. In addition to my extensive training background, I hold advanced degrees in finance and economics and have earned numerous professional licenses. This rigorous academic and practical grounding supports my ability to deliver content that is both relevant and insightful. My passion for education drives me to continually refine my teaching methods and engage with learners, making each training session a valuable opportunity for growth and development.
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Pricing Zero Coupon Bonds

Pricing Coupon Bonds

Bond Pricing Versus Bond Valuation

Pricing Discount Securities

Discount Rates Versus Bond Equivalent Yield

About this course: Overview, Learning Outcomes, Prerequisites & Target Audience

Course Trailer

Instructor Bio: Doug Carroll

A message from your instructor

Key pointers for success in this course

Yield Curve Shapes and the Level of Interest Rates

Yield Curve Theories

Yield Curves and the Business Cycle

Introduction to Yield Curves

Types of Yield Curves and Yield Curve Spreads

Introduction to Duration

Types of Duration

Modified Duration

Duration Illustration

Duration of Callable Bonds

Interest Rates and Yields

Interest Rates and Rates of Return

Interest Rate Conventions and Time Value of Money Part 1

Interest Rate Conventions and Time Value of Money Part 2

Compound Interest

Time Value of Money and Bond Pricing

Types of Derivative Contracts and Their Characteristics

Derivatives Compared to Securities

Derivatives Defined

Total Return Analysis

Total Return Analysis Illustration

Spot Rates and Spot Rate Curves

Calculation of Spot Rates

Bond Valuation and Rich/Cheap Analysis

Treasury Strips and the Strip Rate Curve

Forward Rates

Calculating Forward Rates

Forward Rate Applications

Types of Products/Shares

Buying Shares & Equities

Tesco Example

Types of Shares and Exchanges

Depository Receipts

Types of Investors, Diversification and Volatility

Major Market Segments and Types of Instruments

Major Market Segments and Types of Instruments-Slides

Economic Functions of Capital Markets

Economic Functions of Capital Markets-Slides

Securities Markets and Important Market Participants

Securities Markets and Important Market Participants-Slides

Commercial Banking and Investment Banking

Commercial Banking and Investment Banking-Slides

Primary and Secondary Markets

Primary and Secondary Markets-Slides

Primary Market Offerings

Primary Market Offerings-Slides

Roles of Financial Intermediaries

Roles of Financial Intermediaries-Slides

Comparing Securities to Derivatives

Comparing Securities to Derivatives-Slides

Fixed Income Markets

Types of Indices Part I

Types of Indices Part II

Tracking Funds

Exchange Traded Funds (ETF's)

Introduction to Derivatives

Forward Contracts

Futures

Equity Swaps

Options

Structured Products (Warrants, Certificates and Notes)

Futures Terminology and Contract Features

Physical Delivery to Close a Futures Position

Cash Settlement, OTC Derivatives

Futures Clearinghouse and Third Party Contracts

Futures Margins and Futures Contracts

Clearinghouse and Futures Trades

Comparing Futures Versus Underlying Positions

Futures Position Cash Flows and Hedging with Futures

Futures Positions: Risk and the Cost Taking Position

Option Fundamentals: Contract Features and Terminology

Option Contract Example: Long Call Positions

Option Pricing Basics

Time Value, Intrinsic Value and Moniness

Short Option Positions

Investment Characteristic of Options

Overview of Long Put, Short Call and Short Put Positions

Introduction of Swaps

Interest Rate Swap Basics

Interest Rate Swap Contract Features

Fixed for Floating Interest Rate Swaps

Periodic Settlement Payments on Interest Rate Swaps

Hedging Cash Flow Uncertainty with Interest Rate Swaps

Net Interest Cost of a Synthetic Fixed Coupon Bond

OTC Clearinghouses

Cleared Swaps Versus OTC Swaps Ex-Clearinghouse

Functioning of OTC Clearinghouses

Option Pricing and Sensitivities (Option "Greeks")

Option Deltas

Delta Hedging

Delta Neutral Hedging Example

Black-Scholes and Option Volatility (Vega)

Implied Volatility and Volatility Trading

Cost of Carry/Carrying Charges

Cost of Carry Pricing and The Forward Pricing Curve

Terminating a Swap Before Maturity

Interest Rate Swap Pricing

Pricing Fixed for Floating Interest Rate Swaps

Valuing Swaps, Hedging Cash Flow Uncertainty

Managing the Cash Flow Risk of Fixed and Floating Rate Assets

Basis Swaps (Fixed Versus Floating Swaps)

Capital Market Equivalents for the Fixed and Floating Rate Payers

Value Hedging, Asset Swaps

Variations in the Structure of Interest Rate Swaps

Structuring and Pricing Basis Swaps