Course Overview

Complete overview of the capital market: aiming at a general understanding of market mechanics and of financial instruments characteristics.
Classes feature tests and practical applications using MS Excel.

Course Objectives

To equip capital market operators with a general skill required for success in this volatile market

Course Outline

• Market players: financial intermediaries, market infrastructures
  Transactions value chain: Front Office, Middle Office, Back Office
  Distinction between regulated and over-the-counter exchanges
  Distinction between cash products and derivatives
• Arithmetic return rate and Compound Annual Growth Rate (CAGR)
  Discount rate and risk premium
  Valuation bases of financial products: intrinsic value and discounted value
• Central bank and monetary policy
  Guaranteed transactions and blank transactions
  Cash products: bank certificates, government bonds
• Characteristics of bonds
  Primary market and secondary market
  Valuation of a zero-coupon bond
  Rating and bond spread
  Interest rate derivatives
• Spot trading
  Forward trading
  Foreign exchange options (FX Options) market
  Speculations and hedging
• Organization: compartments, regulates markets / electronic trading platforms
  Fundamental analysis of a stock valuation: beta and risk premium notions  Technical and chartist analyses of a specific stock performance