Available Dates:
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| Course Code: 600 |
| Duration: 2 days |
| Level: Basic |
| Fee: $1395.00 |
| Instructor:
George Bollenbacher |
| CPE Credits: 14 |
| Prerequisite: No Prerequisite Required. |
This two-day seminar will give you an understanding of how fixed income securities are traded and settled worldwide. The seminar will cover the market structures, participants, securities, processes, and risks. Participants will learn how market participants interact with each other, the trading and processing requirements of each security type, and will follow fixed income trades from their inception to their completion. This seminar will be valuable to systems, operations, administrative and trade support staff.
Overview
Market Structures - General structure and segments
Market Participants: Identify the participants; Who does what, How they Interact
- Dealers
- Asset Managers
- Custodians and Agents
- Repositories
- Regulators
Fixed Income Securities: Security structures and how they trade
- US Treasuries and Agencies
- Corporates
- MBS and ABS
- Municipals
- Sovereigns
- Financings
Fixed Income Processes: Trading, Clearing, Settlement
- The whole trade process
- Trade execution
- Trade confirmation, allocation and clearance
- Trade settlement
- Reconciliation
Derivative Instruments
- Derivative securities versus instruments
- Structure of instruments and how they trade and settle
Fixed Income Market Risks
- Trading Risk
- Market risk
- Counterparty risk
- Event risk
- Clearance and Settlement Risk
- DK risk
- Credit risk
- Availability / Systems risk
- Country / Currency risk
After completing this seminar, participants should be able to:
- Understand Fixed Income Market Structures
- Understand Fixed Income Market Participants
- Understand Fixed Income Securities
- Understand Fixed Income Processes
- Understand Fixed Income Derivative Instruments
- Understand Fixed Income Market Risks
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