International Capital Markets
by Alan McDougallLanguages: English
Price (from): €3,300 / day
About the trainer:
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.
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International Capital Markets by Alan McDougall
About the training
The course examines each stage in the life of a business, from start-up to major listed corporation, and analyses the opportunities available in the markets. Through a series of highly interactive case studies participants will gain a complete understanding of how the capital markets work from the perspectives of issuers, arrangers and investors.
Program
Understanding the markets
Equity markets and equity derivatives
Fixed income, currencies and commodities
Interest rate & currency swaps & swaptions & structured products
Credit derivatives, risk management and regulation
Financing a business
Case study: Green & Blacks
Asset allocation
Exercise: constructing an asset allocation strategy
Case study: Morgan Stanley’s Global Investment Committee
Leverage
Exercise: contrasting debt and equity finance
Capital Structure: what it is and why it matters
Case study: why capital structure matters
Mezzanine Finance
Exercise: mezzanine finance
Equity capital markets
Case study: LinkedIn
Case study: Facebook
Case study: VA Linux
Case study: National Grid’s rights issue
Equity derivatives
Exercise: CFDs
Case study: Fidelity/JP Morgan - equity index swap
Equity options
Case study: using equity options in portfolio management
Private equity
Case study: Baskin Robbins
Bond pricing
Exercise: approximating bond prices
Exercise: Swire Pacific 6.25% April 2018
International bond issues
Case study: new international bond issue
Case study: swap driven bond issues
Case study: Pernod Ricard
Case study: Millenium BCP
Securitisation
Case study: Ford Motor Credit
Money markets
Exercise: hedging floating rate debt with FRAs and interest rate futures
Yield curves
Exercise: valuing fixed and floating rate cash flows
Case study: interest rate swap valuation
Case study: asset and liability management
Foreign exchange
Exercise: hedging in the forward market
Case study: multi-currency debt management and currency overlay
Interest rate & currency swaps & swaptions & structured products
Swaps & swaptions
Case study: interest rate risk management
Case study: European Investment Bank
Interest rate options
Case study: hedging interest rate risk with interest rate options
Currency options
Case study: trading currency options
Case study: hedging currency receivables
Exercise: ITM and OTM options
Exercise: aligning market views with currency option strategies
Asset & liability management
Case study: managing duration while hedging the interest rate risk in a portfolio
Commodity derivatives, credit derivatives, risk management and regulation
Credit Derivatives, structured products & risk management
Case study: analysing the risks in a structured product by examining how it is hedged
Commodity hedging
Case study: Mexico’s oil hedge - buying OTC put options
Risk management
Case study: Braeburn Capital - managing Apple’s interest rate risk exposures
Regulatory environment
Main benefits
- #Wide collection of the biggest experts
- #Filters for all kinds of needs
- #User friendly platform
- #Fast and cheap
- #Highest level of proficiency