WHAT'S NEW?

FINANCIAL MARKET COURSES

Money Market Securities – Pricing

Money market instruments are a very important subset of the capital markets. They offer short-term investors liquidity and (usually) high credit quality, but at a lower yield than is available in the bank deposit market. There are interest bearing and discount instruments to suit varied requirements, but structural conventions in the market make straight comparisons difficult.

 

It is important to have a grasp of the structuring and pricing conventions in the money market in order to evaluate investment alternatives correctly. In addition, these markets are the foundation for more complex capital markets instruments and the construction of some yield curves. In the market, it is necessary to be comfortable relating one instrument to another in order to arrive at the best investment alternative. Therefore, a solid understanding of this course is essential.

  • OBJECTIVES

    On completion of this course, you will be able to:

    Calculate the interest/discount, price, and yield for: Interest bearing money market instruments such as standard deposits, certificates of deposit, and repurchase agreements

    Discount instruments such as discount notes, commercial paper, and treasury bills

  • COURSE OUTLINE

    Topic 1: Interest-Bearing Instruments

    Pricing Interest Bearing Securities

    Negotiating an Interest-Bearing Instrument

    Yields on Interest Bearing Instruments

    Topic 2: Commercial Paper

    Pricing Discount Instruments

    o Cost of Purchase of Treasury Bills

    o Yield on Treasury Bills

    • Treasury Bill Prices

    o Other Discount Instruments

    Negotiating a Discount Instrument

  • PREREQUISITE KNOWLEDGE

  • ESTIMATED COMPLETED TIME

    45 Minutes

Next Course

VIEW COURSE

INTRODUCTORY

Support

Accreditations

General: info@intuition.com

Accounts: ar@intuition.com

http://support.intuition.com

Intuition engages with over 30 accreditation bodies to ensure Know-How can be used for CPE credits. If your organization needs CPE from a body not listed below, contact us and we will endeavour to have them included.

© Copyright 2016 by Intuition. All Rights Reserved.