Capital Market Instruments

Moorad Choudry works in investment banking in the City of London, UK. He was previously a gilt-edged market maker at ABN-AMRO Hoare Govett Sterling Bonds Ltd. He is also Visiting Professor at the department of Economics, Finance and International Business, London Metropolitan University. He is a Senior Fellow at the Centre for Mathematical Trading and Finance, CASS Business School, London. Didier Joannas works for SunGard in investment banking in Hong Kong. He was previously employed as a quantitative analyst and arbitrage trader at ABN-AMRO Hoare Govett Sterling Bonds Ltd. Richard Pereira works for the credit derivatives and securitization team at Dresdner Kleinwort Wasserstein. Previously, he worked as a market risk consultant at leading investment banks. Rod Pienaar works on investment banking systems at UBS Equity Finance in London, UK. He has previously worked in risk management consulting, during which time he provided systems, process and risk consultancy services to a variety of investment banks.

Part 1: Introduction; Introduction to Financial Market Instruments; Market-Determined Interest Rates and the Time Value of Money; Part 2: Debt Capital Market Cash Instruments; Money Market Instruments and Foreign Exchange; Fixed Income Securities I; Fixed Income Securities II: Interest Rate Risk; Fixed Income Securities II: Option Adjusted Spread Analysis I; Interest Rate Modelling; Fitting the Yield Curve; Spline Methodology and Fitting the Yield Curve; Inflation-Index Bonds; Part 3: Structured Financial Products; Mortgage Backed Securities I; Mortgage Backed Securities II; Collateralised Debt Obligations; Part 4: Derivative Instruments; Short Term Interest Rate Derivatives; Swaps; Option I; Options II; Options III; Credit Derivatives; Part 5: Equity Instrument Analysis; Introduction to Equity Instrument Analysis; Introduction to Financial Ratio Analysis; Part 6: Rate Applications Software; Rate Computer Software