FINANCIAL MARKET COURSES
Japanese Equity Market
Receivable Finance (New)
Lending - An Introduction
The Lending Cycle
Commodities - An Introduction (Revised)
Commodities - Trading (New)
Commodities - Livestock (New)
Commodities - Softs (New)
Primer – MiFID II/MiFIR (New)
Understanding Private Wealth Management Business
Private Wealth Management Products & Services
Primer – Smart Beta (New)
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Courses In This Course
Index-linked securities were first launched in the UK way back in 1981. However, it wasn’t until the US and French governments introduced inflation-linked bond issuance programs in the late 1990s that it marked the emergence of these products into the mainstream and out of the niche market they had previously occupied. Soon after, the inflation derivatives market also began to develop with that the result that there now exists a truly global market in inflation-linked products.
In this course, you will explore:
• The development, structures and uses of various inflation-linked products, including index-linked bonds and inflation swaps, futures and options
• The pricing of these inflation-linked instruments
This course is designed for:
• New recruits to banking and financial organizations
• Trainee dealers and traders
• Operations and support staff
• Sales and marketing executives
• Finance and accounting staff
• IT staff
• Compliance and regulatory staff
INFLATION-LINKED INSTRUMENTS - AN
Inflation-linked instruments are securities and derivatives used by entities such as banks, corporates and sovereigns to protect their assets and liabilities against the risk of inflation. Inflation-linked securities (linkers) are bonds that pay investors a fixed rate plus an amount tied to an inflation index, thus protecting the investor's return against inflation. Inflation derivatives have many uses including transferring inflation risk, optimizing market timing, hedging portfolios, creating synthetic securities and conducting arbitrage. Most inflation derivatives are in the form of inflation swaps in which one counterparty pays a fixed rate in exchange for a payment tied to an inflation index. Other types of inflation derivative are inflation options and inflation futures.
In this course, we will look at how the market for inflation derivatives developed out of the index-linked security market. We will also discuss the structures and uses of various inflation derivative instruments.
Swaps - An Introduction
Bonds - An Introduction
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INFLATION-LINKED INSTRUMENTS - PRICING
Inflation-linked instruments (linkers) are used by entities such as banks, corporates and sovereigns to protect their assets and liabilities against the risk of inflation. Linkers pay investors a fixed rate plus an amount tied to an inflation index, thus protecting the investor's return against inflation. Inflation derivatives have many uses including transferring inflation risk, optimizing market timing, hedging portfolios, creating synthetic securities and conducting arbitrage.
In this course, you will learn how to price an index-linked bond and measure the sensitivity of the prices of these bonds to changes in real and nominal yields. You will also learn how to build an inflation curve in order to price inflation swaps, and how to value an inflation option.
Inflation-Linked Instruments - An Introduction
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