Structured Products

1. Day 1

1.1. 101 - An overview of the markets

1.1.1. 101.1 - Types of markets

1.1.2. 101.2 - Market participants

1.1.3. 101.3 - Instrument Classes

1.1.3.1. 101.3.1 - Assets

1.1.3.2. 101.3.2 - Spot Trades

1.1.3.3. 101.3.3 - Forwards and Futures

1.1.3.4. 101.3.4 - Options

1.1.3.4.1. 101.3.4.1 - Vanila

1.1.3.4.2. 101.3.4.2 - Component Trades

1.1.3.4.3. 101.3.4.3 - Exotic Options

1.1.3.5. 101.3.5 - Swaps

1.1.3.6. 101.3.6 - Securities

1.1.3.6.1. 101.3.6.1 - Bonds

1.1.3.6.2. 101.3.6.1 - Stocks

1.1.3.6.3. 101.3.6.2 - Hybrids

1.1.3.6.4. 101.3.6.3 - Funds ETF's REITS

1.1.3.7. 101.3.7 - Guarantees

1.1.3.7.1. 101.3.7.1 - Performance Bond

1.1.3.7.2. 101.3.7.2 - Surety bond

1.2. 102 - What is a structured product

1.2.1. 102.1 - Some of the economic benefits

1.2.1.1. 102.1.1 - Types of investment customers

1.2.1.1.1. 102.1.2.1 - Hedging

1.2.1.1.2. 102.1.2.2 - Speculating

1.2.1.1.3. 102.1.2.3 - Cross-border investments

1.2.1.2. 102.1.2 - Types of corporate customers

1.2.1.2.1. 102.1.2.1 - Hedging

1.2.1.2.2. 102.1.2.2 - Cash Management

1.3. 103 - Front Office (How are structured products sold)

1.3.1. 103.1 - The termsheet

1.4. 104 - Front to back processes

1.4.1. 104.1 - New Product Design

1.4.2. 104.2 - Middle Office

1.4.2.1. 104.2.1 - Market Risk

1.4.2.2. 104.2.2 - Counterparty Risk

1.4.2.3. 104.2.3 - Valuation

1.4.3. 104.3 - Back Office

1.4.3.1. 104.3.1 - Clearing and Settling

1.4.3.2. 104.3.2 - Custody

1.4.3.3. 104.3.3 - Collateral Management

1.4.4. 104.4 - Compliance

1.4.5. 104.5 - Regulation

1.5. 105 - Regulation

1.5.1. 105.1 - Trends in regulation 2013

1.5.1.1. 105.2 - Central Counterparty Clearing

1.5.1.2. 105.3 - Dodd frank wall street reform act

1.5.1.3. 105.4 - FACTA

1.5.1.4. 105.5 - AML

1.5.1.5. 105.6 - Basel II / III

1.5.2. 105.2 - Global regulation concerns

1.5.3. 105.3 - Trade Volumes

2. Day 2

2.1. 201 - How to audit an investment bank

2.1.1. 201.1 - Key audit areas and a framework

2.2. 202 - Risk Management

2.2.1. 202.1 - Market Risk

2.2.1.1. 202.1.1 - Using The Greeks

2.2.1.2. 202.1.2 - Volatility Smiles

2.2.1.3. 202.1.3 - The problems with VaR

2.2.1.4. 202.1.4 - Hedging Market Risk

2.2.1.5. 202.1.5 - Crowded Markets & Liquidity Funding

2.2.1.6. 202.1.7 - Basis Risk

2.2.1.7. 202.1.8 - Stress Testing and the Europe experience

2.2.2. 202.2 - Counterparty Risk

2.2.2.1. 202.2.1 - PFE / CLU working examples

2.2.2.2. 202.2.2 - CVA / DVA Calculations

2.2.2.3. 202.2.3 - Hedging Counterparty risk

2.2.2.4. 202.2.4 - Effects of leverage

2.2.2.5. 202.2.5 - Understanding Wrong Way Risk

2.2.3. 202.3 - Basel II / III Risk and Capital

2.2.4. 202.4 - Regulatory Reporting

2.3. 203 - Ethical Banking

2.3.1. 203.1 - Wash Trading

2.3.2. 203.2 - Painting the tape

2.3.3. 203.3 - Abusive Squeezes

2.3.4. 203.4 - Pump and Dump

2.3.5. 203.5 - Trash and Cash

2.3.6. 203.6 - Dealing ahead

2.3.7. 203.7 - Advisory vs Dealing

2.4. 204 - Valuation Techniques

2.4.1. 204.1 - What is needed to value structured products

2.4.2. 204.2 - What are the common problems with valuation

2.4.2.1. 204.2.1 - Typical model errors

2.4.2.2. 204.2.2 - Portfolio and Netting Effects