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  1. Courses
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  3. Interest Rate Swaps

Interest Rate Swaps

This course looks at interest rate swaps in detail. First, swaps in general are introduced, then we will be looking at the structure of the most common type of interest rate swap - the fixed or floating interest rate swap. And more...

Doug Carroll
Doug Carroll
Finance | intermediate | 3 hours 10 minutes |   Published: May 2019

    Discussions

Overview

2KSTUDENTS*
96.1%RECOMMEND*

This course includes:

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

This course looks at interest rate swaps in detail. First, swaps in general are introduced, then we will be looking at the structure of the most common type of interest rate swap - the fixed or floating interest rate swap. We will also consider a variety of different structures, pricing and valuation, and applications - both risk management and speculative. This course contains 20 lectures within 5 sections:

  • Introduction to Interest Rate Swaps
  • Risk Management of Floating Rate Liabilities
  • OTC Clearinghouses
  • Swap Pricing and Valuation
  • Risk Management with Interest Rate Swaps

Skills You Will Gain

Floating Rate Liabilities
OTC Clearinghouses
Risk Management
Swap Pricing

Learning Outcomes (At The End Of This Program, You Will Be Able To...)

  • You’ll learn about pricing interest rate swaps
  • You’ll learn the applications of interest rate swaps
  • You’ll learn the features and functions of OTC clearinghouses and how they work
  • You’ll learn various risk concerns with interest rate swaps and solutions for risk management

Prerequisites

  • A financial calculator is recommended for this course.
  • Knowledge of the English language.

Who Should Attend

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

Curriculum

1Welcome to the course!
2Introduction to Interest Rate Swaps
3Risk Management of Floating Rate Liabilities
4OTC Clearinghouses
5Swap Pricing and Valuation
6Risk Management with Interest Rate Swaps

Instructors

*Where courses have been offered multiple times, the “# Students” includes all students who have enrolled. The “%Recommended” shown is also based on this data.

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

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

Course Trailer

Instructor Bio: Doug Carroll

Key pointers for success in this course

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

Introduction to Swaps

Introduction to Swaps (Slides)

Interest Rate Swap Basics

Interest Rate Swap Basics (Slides)

Interest Rate Swap Contract Features

Interest Rate Swap Contract Features (Slides)

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Fixed for Floating Interest Rate Swaps

Fixed for Floating Interest Rate Swaps (Slides)

Periodic Settlement Payments on Interest Rate Swaps

Periodic Settlement Payments on Interest Rate Swaps (Slides)

Hedging Cash Flow Uncertainty with Interest Rate Swaps

Hedging Cash Flow Uncertainty with Interest Rate Swaps (Slides)

Net Interest Cost of a Synthetic Fixed Coupon Bond

Net Interest Cost of a Synthetic Fixed Coupon Bond (Slides)

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Managing the Cash Flow Risk of Fixed and Floating Rate Assets

Managing the Cash Flow Risk of Fixed and Floating Rate Assets (Slides)

Basis Swaps (Fixed Versus Floating Swaps)

Basis Swaps (Fixed Versus Floating Swaps) (Slides)

Capital Market Equivalents for the Fixed and Floating Rate Payers

Capital Market Equivalents for the Fixed and Floating Rate Payers (Slides)

Value Hedging, Asset Swaps

Value Hedging, Asset Swaps (Slides)

Variations in the Structure of Interest Rate Swaps

Variations in the Structure of Interest Rate Swaps (Slides)

Structuring and Pricing Basis Swaps

Structuring and Pricing Basis Swaps (Slides)

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

Terminating a Swap Before Maturity

Terminating a Swap Before Maturity (Slides)

Interest Rate Swap Pricing

Interest Rate Swap Pricing (Slides)

Pricing Fixed for Floating Interest Rate Swaps

Pricing Fixed for Floating Interest Rate Swaps (Slides)

Valuing Swaps, Hedging Cash Flow Uncertainty

Valuing Swaps, Hedging Cash Flow Uncertainty (Slides)

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

OTC Clearinghouses

OTC Clearinghouses (Slides)

Cleared Swaps Versus OTC Swaps Ex-Clearinghouse

Cleared Swaps Versus OTC Swaps Ex-Clearinghouse (Slides)

Functioning of OTC Clearinghouses

Functioning of OTC Clearinghouses (Slides)

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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