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Credit Derivatives and Hedge Funds

Accounting and Finance

 Fintuition
Training Provided by Fintuition This course is aimed at prime brokerage staff, hedge funds and fund of funds, institutional investors and others wishing to gain a thorough understanding of credit derivatives as they are used by hedge funds. The course will test knowledge on a continuous basis by use of realistic scenarios.
This is primarily ilt training
instructor led trainingThis class may be available at a classroom in London, Greater London,
Contact Fintuition for more information
Course Level:intermediate
Duration:2 days
Training Presented in:English
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Credit Derivatives and Hedge Funds - London Fee: £1,995 + VAT
This course is aimed at prime brokerage staff, hedge funds and fund of funds, institutional investors and others wishing to gain a thorough understanding of credit derivatives as they are used by hedge funds. The course will test knowledge on a continuous basis by use of realistic scenarios.
  
03 - 04 December 2008 1 Berkeley Street, London W1
 
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Course Director(s)
Jacob Schmidt		  
Guest Speaker(s)
N/A 		"Excellent! Very innovative. Exceeded my expectations. I feel I can serve my clients better."
Caroline Shi, State Street Corporation		  
What You Will Learn Is This Course Right For You?  
The credit derivatives market has been growing extremely rapidly, more than doubling every two years. The global market is expected to reach $26 trillion in outstanding notional principal by the end of 2007 with London as the global centre accounting for about half of those trades. Our highly interactive course focuses on the use of credit derivatives by hedge funds, important players in this market.  
Course Overview    
Overview Of The Market
An introduction to Credit Derivatives. What they are used for. Types of Credit Derivatives: default vs. spread products. Default swaps, Total Return Swaps, Credit Linked Notes. Growth of the Market. Role of Hedge Funds.

Asset Swaps: Precursors of Credit Default Swaps
Asset swaps explained: mechanics, traditional uses. Use by hedge funds. Disadvantages. Default Swaps explained, credit events and cash settlement.

Exercise

Credit Derivatives - Part 1: Mechanics
Types of settlement. What happens when a credit event occurs. Basis risk and settlement type.

Credit Derivatives - Part 2: Uses
Role of bank regulatory management. Financing arbitrage. Sovereign risk hedging and speculation. Other arbitrage relationships.

Total Return Swaps
What is it? The mechanics and elementary uses of Total Return Swaps.

Comparison of Total Return Swaps to Credit Derivatives and Asset Swaps
Advantages and disadvantages of each type. When to use each type of derivative.

Basic Elements of Pricing
Default swap pricing. Three main methods discussed: Expected value, Market Pricing and Proxies, Cost to Replicate. Other pricing issues.

Exercise

Documentation
Definitions, types of default and restructuring clauses.

Credit-Linked Notes
Description and definition. The mechanics of Credit Linked Notes

About The Training Provider: Fintuition
Fintuition - FinTuition is an international training company based in London specialising in the securities finance business: securities lending, equity finance, hedge funds, prime brokerage, repo and collateral management. We offer a regular schedule of open-enrolment courses from introductory to advanced levels as well as on-site training. FinTuition training relies heavily on exercises, role plays...
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This page was last updated on sb5- 08/30/08 at 05:44:22 - 03:03:16