Languages: English
Price (from): €3,300 / day
Alan helps banks and their clients to manage risk. He has designed and delivered over 1600 highly interactive training days in more than 40 countries for the International Faculty of Finance, Goldman Sachs, Morgan Stanley, JP Morgan, HSBC, Deutsche Bank, Rabobank, BNP Paribas, Societe Generale, UBS, Credit Suisse, Barclays, The Bank of England, The Financial Times, The London Stock Exchange, The United Nations and many others. He advised banks and multinational corporations on the design and execution of their hedging, asset-liability and risk management strategies at HSBC’s International Treasury Management Group, where he also ran a currency swaps book. He traded a proprietary fixed-income book at Scotia Capital Markets and ran training courses for the traders and the salespeople. The International Foreign Exchange Dealers Association (ACI) commissioned him to write ‘Mastering Swaps Markets’, published by the Financial Times and the University of Shanghai. He has an MSc in International Banking and Finance, plays the clarinet in one of London’s orchestras, and is a keen golfer, with a handicap of 6. Alan is an advisor to the fintech, edtech, social media company INVSTR.
About the training
This course allows you to apply your knowledge to real-life situations straight away via the use of practical software programmes that you will utilise to complete a number of tasks and exercises. The dissection and financial engineering of some structures will be undertaken which will help you unlock the “black box” behind the products.
Learn how to calculate the risks and rewards of the swaps market
Ensure you apply and use interest rate derivatives effectively
Fully grasp all aspects of the non-generic and exotic swap products, terminology, pricing methodology, risk management and product applications
Understand OIS mechanics and collateralisation
Case study: calculating forward/forward prices and zero coupon rates
Portfolio Management
Case study: Asset swaps
Case study: ALM hedging simulation
Case study: amortising, accreting and roller-coaster swaps
Valuing interest rate swaps
Case study: Market dynamics leading to OIS discounting
Case study: Rationale for OIS discounting
Case study: Building the OIS curve
Case study: Different types of swap
Case study: Complex swaps
Case study: credit default swaps
Credit Exposures
Credit risk
CVA
CVA, DVA & Bank Earnings
EIB par par to NOK
Case study: hedging an equity portfolio
Case study: contract specifications
Case study: hedging duration gaps
Case study: hedging pitfalls
How Global Investors Turn Negative Japan Yields Into Big Returns
Interest rate options for ALCOs
JPMorgan’s $6.2bn lesson in organisational failings
Case study: multi-currency debt management
Case study: Nordic Export Credit’s currency swap
Case study: Portuguese train company can’t escape snowballs
Setting Var based limits
Case study: the rules of risk management