Advanced Program of Specialization in Fixed Income: Sovereign and Corporate Debt
The Advanced Program of Specialization in Fixed Income: Sovereign and Corporate Debt is face-to-face, is taught in Madrid and has a price of 2,700 euros.
OBJECTIVES OF THE ADVANCED PROGRAM OF SPECIALIZATION IN FIXED INCOME: SOVEREIGN AND CORPORATE DEBT
The main objective of the Program is to explain in depth the different instruments that are included within the universe of Fixed Income assets, which is essential to be able to analyze market positions, make investments in a professional manner, be able to manage this type of assets with ease, and also perform an efficient control of risk.
In short, the Program aims to provide attendees with a global view of the Fixed Income Markets, both from the point of view of the valuation of products, the description of markets, and the management of portfolios.
STRUCTURE OF THE ADVANCED PROGRAM OF SPECIALIZATION IN FIXED INCOME: SOVEREIGN AND CORPORATE DEBT
The structure of the Advanced Program begins by reviewing the fundamentals of Fixed Income (definition of fixed income assets and construction of interest rate curves). Subsequently, the mathematical aspects necessary to assess Fixed Income assets are analyzed, as well as analyzing their corresponding sensitivities. In this section we explain how to construct a zero coupon curve by several methods such as: "Bootstrapping", "McCulloch", "Nelson
Next, the Advanced Program studies how to calculate and use the Duration and Convexity of this type of assets. The following module explains how the Public Debt and Strips market works, both at the Primary Market and the Secondary Market level. Subsequently, the Fixed Income Derivative Products are described and analyzed in depth, with special emphasis on the different types of options available to professionals in the financial markets ("Caps", "Floors", "Collars", "Swaptions"). ", etc...).
Next, it will be detailed how to manage a portfolio of fixed income assets, and how to proceed to cover positions ("immunize" a portfolio) through Derivatives. In the following modules the particularities of Private Fixed Income issues will be explained (emphasizing both the Emissions that include derivative products and the so-called "High Yield Bonds"). Likewise, the analysis and description of the Convertible Bonds will be addressed, and the last issues made in the Market will be explained. In addition, the so-called Derivative Products on Credit Risk will be analyzed, increasingly used to minimize the risk of the issuance of bonds of Private Fixed Income.
Finally, the program addresses the particularities of Fixed Income Asset Management from Collective Investment Institutions, and studies the measurement of financial risk (VaR Methodology) of the investments made in this type of assets.
The approximate duration of the program is 93 teaching hours. It is mandatory to attend a minimum of 80% of the theoretical and practical classes, unless justified cause and verified by the Coordination of the Program, to obtain the corresponding diploma.
Next call: Next call March 2014
AGREEMENTS OF THE ADVANCED PROGRAM OF SPECIALIZATION IN FIXED INCOME: SOVEREIGN AND CORPORATE DEBT
DIRECTORS OF THE ADVANCED PROGRAM OF SPECIALIZATION IN FIXED INCOME: SOVEREIGN AND CORPORATE DEBT
• Capital Market Origination Department.
• Capital Market Distribution Department.
• Fixed Income Portfolio Managers.
• Managers of Fixed Income Investment Funds.
• Public Debt Table.
• Table of Derivative Products on Interest Rates.
• Table of Derivative Products on Credit Risk.
• Department of Market Risk Control.
• Financial Directors.
Program taught in: