Doug Carroll
Business
| Core
| 4 Hours
| May 26
| 09:00 AM Eastern Time, USA
Course Description
This course will introduce you to the market for fixed income securities, provide you with a lot of details on the characteristics of fixed income securities in general, as well as discuss specific characteristics of specific sectors of the fixed income market – insurers, investors, and a wide variety of concepts relating to the analysis and validation of those securities.
This course consists of 24 lectures classified within three sections:
- Introduction to Fixed Income Securities
- Bond Contract Features and Investment Characteristics
- Types of Fixed Income Securities
The following types of fixed income securities are introduced and discussed:
- Government Securities
- US Treasury Securities
- Corporate Fixed Income Securities
- Convertible Securities
- Structured Securities
- Mortgage Backed Securities
- Asset Backed Securities
- Credit Card and Auto Loan Asset Backed Securities
- Collateralized Debt Obligations
- Agency Securities & Regional/Local Government Debt Securities
Modules
- Introduction to Derivatives
- Introduction to Futures Contracts
- Futures Contracts Trading and Cash Flows
- Futures Pricing
- Introduction to Options
- Option Pricing and Applications
Learning Outcomes
- Understand the structure and function of the primary and secondary fixed income markets
- Explain the similarities and differences between bonds and loans and the valuation issues of each
- Describe the contract features of bonds, including day count conventions, risk, returns and yield calculation
- Appreciate the nature and pricing of fixed income instruments and the yield curves
- Summarize the distinguishing characteristics of structured securities as well as the unique features of specific types, including mortgage backed securities, important types of asset backed securities such as auto loan/lease finance and credit card account receivables securitizations, and CDOs
Prerequisites
- Knowledge of the English language.
- A financial calculator is recommended for this course.
Who Should Attend
- Introduction to Fixed Income Securities
- Bond Contract Features and Investment Characteristics
- Types of Fixed Income Securities
