The Capital Market Immersion program provides a solid and deep introduction of the capital markets, and is designed to provide  professionals with a solid understanding of the functions and roles  played by modern financial institutions and their key lines of business,  as well as foundational knowledge of the industry’s basic products and  service functions.  

           The program's framework consists of lectures covering 7 separate topics:  

  1. The Capital Markets Road Map (Highlights the primary participants,  issuers, investors, intermediaries in capital markets, what they trade there, and the  applications to which market participants make use of the instruments and the roles they play.)

  2. Fundamental Financial Math (Introduces you to a wide variety of calculations and  related concepts that are used by financial market participants in a plethora of applications - calculating prices, rates of return, and  yields for example.)

  3. Yield Curve Dynamics (Covers a variety of issues relating to yield curves, their construction,  and their use in a variety of analytical applications to assess risk and  return.)

  4. Fixed Income Securities (Introduces you to the market for fixed income securities, provides you  with a lot of details on the characteristics of fixed income securities  in general, as well as discuss specific characteristics of specific  sectors of the fixed income market - insurers, investors, and a wide  variety of concepts relating to the analysis and validation of those  securities.)

  5. Equity Products (Introduces equities by providing an overview of the types of products,  including both direct and indirect products; and demonstrating types of  shares and exchanges, investors, diversification and volatility.)

  6. Futures & Options (Introduces derivatives in general, to demonstrate the common features of  derivatives and how they differ from other sorts of financial  instruments. Futures and options contracts' key characteristics will be identified, and contract features, pricing,  applications, risk management, and hedging will be discussed.)

  7. Interest Rate Swaps (A look at interest rate swaps in detail. First, swaps in general are  introduced, then the structure of the most common  type of interest rate swap - the fixed or floating interest rate swap - will be addressed. A variety of different structures, pricing and  valuation, and applications - both risk management and speculative - will be discussed.)

           In all, there are 142 total lectures (video clips) and over 24 hours of total viewable content. This program also includes supplemental PDFs as downloadable attachments that you can use to follow along with each lecture's instructor.  

           We have assessed our clientele thoroughly in order to design a program that includes all of the necessary elements of capital markets, designed toward an approach that enables you to accomplish the key takeaway of becoming fully immersed with a high level understanding of capital market industry, products, and roles.  

Learning Outcomes

  • You'll be able to apply all the concepts of financial math, including NPV, IRR, PV, FV, to real business problems.
  • You'll learn how to describe the players, products, markets and applications of capital markets instruments.
  • You'll be able to interpret the meaning of yield curves and how financial markets and instruments drive pricing.
  • You'll be able to explain the full range of fixed income instruments, their issuers and investors, and the ways these instruments are structured.
  • You'll be able to detail equity markets products, players and market dynamics.
  • You'll be able to determine uses and applications of futures and options.

Course curriculum

  • 1

    Capital Markets Road Map

    • Major Market Segments and Types of Instruments FREE PREVIEW
    • Economic Functions of Capital Markets
    • Securities Markets and Important Market Participants
    • Commercial Banking and Investment Banking
    • Primary and Secondary Markets
    • Primary Market Offerings
    • Roles of Financial Intermediaries
    • Comparing Securities to Derivatives
    • Introduction to Fixed Income Securities
    • Fixed Income Securities: Sources of Return and Types of Risk
    • Government and Government Agency Securities
    • Corporate Securities and Structured Securities
    • Bond Pricing and Valuation
    • Yield Curves, Credit Markets and the Business Cycle
    • Yield Curves, Monetary Policy and the Real Economy
    • Introduction to Equity Securities
    • Investment Characteristics and Valuation of Equity Securities
    • Valuation of Equities Using Earnings Multiples (P/E Ratios)
    • Currency Markets and Factors Affecting Exchange Rates
    • Types of Derivative Contracts and Economic Exposures
    • The Real Meaning of "Derivatives" and Their Use in Managing Risk
    • Capital Markets Road Map Assessment
  • 2

    Fundamental Financial Math

    • Interest Rates and Yields FREE PREVIEW
    • Interest Rates and Rates of Return
    • Interest Rate Conventions and Time Value of Money Part 1
    • Interest Rate Conventions and Time Value of Money Part 2
    • Compound Interest
    • Time Value of Money and Bond Pricing
    • Pricing Zero Coupon Bonds
    • Pricing Coupon Bonds
    • Bond Pricing Versus Bond Valuation
    • Pricing Discount Securities
    • Discount Rates Versus Bond Equivalent Yield
    • Bond Yields
    • Yield to Maturity
    • Yield to Maturity Versus Rate of Return
    • Yield to Maturity as an Expression of Current Value
  • 3

    Yield Curve Dynamics

    • Introduction to Yield Curves
    • Types of Yield Curves and Yield Curve Spreads
    • Introduction to Duration
    • Types of Duration
    • Modified Duration
    • Duration Illustration
    • Duration of Callable Bonds
    • Yield Curve Shapes and the Level of Interest Rates
    • Yield Curve Theories
    • Yield Curves and the Business Cycle
    • Spot Rates and Spot Rate Curves
    • Calculation of Spot Rates
    • Bond Valuation and Rich/Cheap Analysis
  • 4

    Fixed Income Securities

    • Introduction to Fixed Income Securities and Markets FREE PREVIEW
    • The Primary Market: Issuing Bonds to Borrow Funds
    • Similarity of Bonds to Loans & Bond Valuation Issues
    • Bond Contact Features
    • Bond Coupons, Accrued Interest and Bond Pricing Conventions
    • Day Count Conventions & Bond Retirement
    • Types of Risk
    • Sources of Return & Bond Yields
    • Bond Yields, Yield to Maturity and Rate of Return
    • Yield Curves
    • Yield Curves & Government Securities
    • Government Bonds & US Treasury Securities
    • Corporate Fixed Income Securities
    • Credit Risk of Corporate Securities & Trust Indentures
    • Secured and Unsecured Bonds
    • Convertible Securities
    • Preferred Stocks & Introduction to Structured Securities
    • Asset Securitization & Introduction to Mortgage Backed Securities
    • Mortgage Backed Securities
    • CMOs & Introduction to Asset Backed Securities
    • Credit Card and Auto Loan Asset Backed Securities
    • Collateralized Debt Obligations
    • CDOs and Money Market Instruments
    • Agency Securities & Regional/Local Government Debt Securities
  • 5

    Interest Rate Swaps

    • Introduction of Swaps FREE PREVIEW
    • Interest Rate Swap Basics
    • Interest Rate Swap Contract Features
    • Fixed for Floating Interest Rate Swaps
    • Periodic Settlement Payments on Interest Rate Swaps
    • Hedging Cash Flow Uncertainty with Interest Rate Swaps
    • Net Interest Cost of a Synthetic Fixed Coupon Bond
    • OTC Clearinghouses
    • Cleared Swaps Versus OTC Swaps Ex-Clearinghouse
    • Functioning of OTC Clearinghouses
    • Terminating a Swap Before Maturity
    • Interest Rate Swap Pricing
    • Pricing Fixed for Floating Interest Rate Swaps
    • Valuing Swaps, Hedging Cash Flow Uncertainty
    • Managing the Cash Flow Risk of Fixed and Floating Rate Assets
    • Basis Swaps (Fixed Versus Floating Swaps)
    • Capital Market Equivalents for the Fixed and Floating Rate Payers
    • Value Hedging, Asset Swaps
    • Variations in the Structure of Interest Rate Swaps
    • Structuring and Pricing Basis Swaps
  • 6

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