Certificate Course in Fixed Income and Investments
IFA Global, Kanakia Zillion
Is this training course right for you?
Yes, if you:
Are a bond / rates trader in a bank
Are managing the investment portfolio of a company
Are managing the provident fund/gratuity fund portfolio of a company
Are looking to pursue a career in wealth management (i.e. manage a Gilt fund / Credit fund / Liquid fund/ Hybrid fund)
Are looking to hedge interest rate risk associated with borrowing
What will you gain from this course?
The objective of this course is to familiarize participants with the dynamics of the bond market, money market and the rates market. This course will help understand the various fixed income instruments available such as Coupon bonds, ZCBs, floaters, FRAs, swaps etc.; their characteristics and risks. It will help manage the interest rate risk and credit risk of a fixed income portfolio. It will help understand the various factors driving fixed income markets and also help form an overall view on rates.
Basics of time value of Money
Bond mathematics (Price Yield Curve, Duration, Convexity)
Duration and Interest Rate Risk (DV01)
Term Structure of Interest Rates/Yield Curve
Money Market Instruments
Corporate Bonds and Credit spreads.
FRAs and OIS/IRS markets
Factors driving bond and money markets: Inflation, Interest rate outlook (Monetary Policy Stance) and Banking system Liquidity, Government fiscal deficit, gross and net borrowing, Issuance calendar etc.