At the end of the course, the participant is familiar with the interest rate risk and the derivative financial instruments used to manage it. The hedging techniques are clearly explained using examples inspired by current market conditions.

The presentation discusses:

• firm commitments (bond forward, currency forward, forward rate agreement, STIR, interest rate swap and cross currency swap);
• option contracts on these instruments (callable and putable bonds, currency options, cap, floor, swaptions). 

CONTENT

• Introduction
  • Money market, currency market, capital market , credit market
  • Speculation, hedging, arbitrage 
• Interest rate 
  • Fixed and floating rate, simple interest and compound interest
  • Price, return, yield, forward rate, (modified) duration 
• Market instruments 
  • Deposit, zero coupon bond, coupon bond, floating rate note 
• No-arbitrage 
  • No-arbitrage pricing, ESTR and SOFR
  • Continuous interest, valuation models, law of one price, value adjustments 
• Forwards 
  • Bond futures, currency forward, forward rate agreement, STIR
  • Interest rate swap, cross currency swap 
• Options 
  • Call (put) on a bond futures, callable (putable) bond
  • Call (put ) on a foreign currency, on a STIR, on a  swap 
• Conclusions 
  • Risk Management 101 
• Exercises & Appendix 

PRACTICAL INFORMATION

• Duration: 1 day of training (6 class hours)
• Hours: 09:00 to 17:00
• Location: This training will be given online
• Language: This training will be given in English
• Additional information: How do you start the webinar? You will receive a login and password by email to access our platform. In the platform you will find a link. By clicking on the scheduled date the webinar will start via Webex. 
  To be granted CPD hours, it is important to enter your own name and surname, follow the entire training day and answer the questions suggested by the trainer. Do not follow the training with several people on the same PC

You follow a ‘Live webinar’ digitally in a group. It is ‘learning-apart-together’. At an agreed time, the teacher and participants log in to a video conference tool, each from his or her own location and with his or her own computer. Via this tool’s camera, microphone and chat function, there is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).

Training material: PowerPoint presentation

• For those who wish to go beyond the basics
• No travel time, but direct contact
• Deepen your knowledge and obtain recognized continuing professional development hours

• Be on time for the webinar. It’s best to join 10 minutes before it starts.
• Unexpected delay or technical issue ? You can reach us at +32 (0)2 507 69 61.
• To start the webinar, log in to the learning platform and open the training’s video conference link.
• You don’t need to download the video conference tool if you prefer not to; you can participate via your internet browser.
• If you haven’t logged in to the platform before, do so ahead of the training day.
• We recommend to review the learning material in advance and prepare your questions.

• To receive your (CPD) participation certificate for a live webinar, your presence and active participation are required throughout the entire session. Interaction is key to our trainings, whether through direct conversation, poll questions or chat.
• Your (CPD) participation certificate will be published on your MyFA account the day following the course.
• Febelfin Academy wishes you a great learning experience.

The training course can be taken by various target groups:

• management, members of management and employees responsible for portfolio management and / or investment advice;
• management, members of the executive and employees of the product, risk, compliance, accounting, legal, tax, operational and administrative departments;
• members of the Board of Directors, management of operational bodies and collaborators of a pension fund (OFP);
• management, members of management and employees of monetary or controlling bodies.