Overview

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

What you'll Learn

  • 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

    Slack Channel - Discussion Forum

    • Slack Channel
  • 2

    Capital Markets Road Map

    • Major Market Segments and Types of Instruments FREE PREVIEW
    • Major Market Segments and Types of Instruments-Slides
    • Economic Functions of Capital Markets
    • Economic Functions of Capital Markets-Slides
    • Securities Markets and Important Market Participants
    • Securities Markets and Important Market Participants-Slides
    • Commercial Banking and Investment Banking
    • Commercial Banking and Investment Banking-Slides
    • Primary and Secondary Markets
    • Primary and Secondary Markets-Slides
    • Primary Market Offerings
    • Primary Market Offerings-Slides
    • Roles of Financial Intermediaries
    • Roles of Financial Intermediaries-Slides
    • Comparing Securities to Derivatives
    • Comparing Securities to Derivatives-Slides
    • Introduction to Fixed Income Securities
    • Introduction to Fixed Income Securities-Slides
    • Fixed Income Securities: Sources of Return and Types of Risk
    • Fixed Income Securities: Sources of Return and Types of Risk -Slides
    • Government and Government Agency Securities
    • Government and Government Agency Securities -Slides
    • Corporate Securities and Structured Securities
    • Corporate Securities and Structured Securities -Slides
    • Bond Pricing and Valuation
    • Bond Pricing and Valuation -Slides
    • Yield Curves, Credit Markets and the Business Cycle
    • Yield Curves, Credit Markets and the Business Cycle -Slides
    • Yield Curves, Monetary Policy and the Real Economy
    • Yield Curves, Monetary Policy and the Real Economy -Slides
    • Introduction to Equity Securities
    • Introduction to Equity Securities -Slides
    • Investment Characteristics and Valuation of Equity Securities
    • Investment Characteristics and Valuation of Equity Securities -Slides
    • Valuation of Equities Using Earnings Multiples (P/E Ratios)
    • Valuation of Equities Using Earnings Multiples (P/E Ratios) -Slides
    • Currency Markets and Factors Affecting Exchange Rates
    • Currency Markets and Factors Affecting Exchange Rates -Slides
    • Types of Derivative Contracts and Their Characteristics
    • Types of Derivative Contracts and Their Characteristics -Slides
    • The Real Meaning of "Derivatives" and Their Use in Managing Risk
    • The Real Meaning of "Derivatives" and Their Use in Managing Risk -Slides
  • 3

    Fundamental Financial Math

    • Interest Rates and Yields FREE PREVIEW
    • Interest Rates and Yields (Slides)
    • Interest Rates and Rates of Return
    • Rates and Rates of Return (Slides)
    • Interest Rate Conventions and Time Value of Money Part 1
    • Interest Rate Conventions and Time Value of Money Part 1 (Slides)
    • Interest Rate Conventions and Time Value of Money Part 2
    • Interest Rate Conventions and Time Value of Money Part 2 (Slides)
    • Compound Interest
    • Compound Interest (Slides)
    • Time Value of Money and Bond Pricing
    • Time Value of Money and Bond Pricing (Slides)
    • Pricing Zero Coupon Bonds
    • Pricing Zero Coupon Bonds (Slides)
    • Pricing Coupon Bonds
    • Pricing Coupon Bonds (Slides)
    • Bond Pricing Versus Bond Valuation
    • Bond Pricing Versus Bond Valuation (Slides)
    • Pricing Discount Securities
    • Pricing Discount Securities (Slides)
    • Discount Rates Versus Bond Equivalent Yield
    • Discount Rates Versus Bond Equivalent Yield (Slides)
    • Bond Yields
    • Bond Yields (Slides)
    • Yield to Maturity
    • Yield to Maturity (Slides)
    • Yield to Maturity Versus Rate of Return
    • Yield to Maturity Versus Rate of Return (Slides)
    • Yield to Maturity as an Expression of Current Value
    • Yield to Maturity as an Expression of Current Value (Slides)
  • 4

    Yield Curve Dynamics

    • Introduction to Yield Curves FREE PREVIEW
    • Introduction to Yield Curves (Slides)
    • Types of Yield Curves and Yield Curve Spreads
    • Types of Yield Curves and Yield Curve Spreads (Slides)
    • Introduction to Duration
    • Introduction to Duration (Slides)
    • Types of Duration
    • Types of Duration (Slides)
    • Modified Duration
    • Modified Duration (Slides)
    • Duration Illustration
    • Duration Illustration (Slides)
    • Duration of Callable Bonds
    • Duration of Callable Bonds (Slides)
    • Yield Curve Shapes and the Level of Interest Rates
    • Yield Curve Shapes and the Level of Interest Rates (Slides)
    • Yield Curve Theories
    • Yield Curve Theories (Slides)
    • Yield Curves and the Business Cycle
    • Yield Curves and the Business Cycle (Slides)
    • Spot Rates and Spot Rate Curves
    • Spot Rates and Spot Rate Curves (Slides)
    • Calculation of Spot Rates
    • Calculation of Spot Rates (Slides)
    • Bond Valuation and Rich/Cheap Analysis
    • Bond Valuation and Rich/Cheap Analysis (Slides)
    • Treasury Strips and the Strip Rate Curve
    • Treasury Strips and the Strip Rate Curve (Slides)
    • Forward Rates
    • Forward Rates (Slides)
    • Calculating Forward Rates
    • Calculating Forward Rates (Slides)
    • Forward Rate Applications
    • Forward Rate Applications (Slides)
    • Total Return Analysis
    • Total Return Analysis (Slides)
    • Total Return Analysis Illustration
    • Total Return Analysis Illustration (Slides)
  • 5

    Fixed Income Securities

    • Introduction to Fixed Income Securities and Markets FREE PREVIEW
    • Introduction to Fixed Income Securities and Markets (Slides)
    • The Primary Market: Issuing Bonds to Borrow Funds
    • The Primary Market: Issuing Bonds to Borrow Funds (Slides)
    • Similarity of Bonds to Loans & Bond Valuation Issues
    • Similarity of Bonds to Loans & Bond Valuation Issues (Slides)
    • Bond Contact Features
    • Bond Contact Features (Slides)
    • Bond Coupons, Accrued Interest and Bond Pricing Conventions
    • Bond Coupons, Accrued Interest and Bond Pricing Conventions (Slides)
    • Day Count Conventions & Bond Retirement
    • Day Count Conventions & Bond Retirement (Slides)
    • Types of Risk
    • Types of Risk (Slides)
    • Sources of Return and Bond Yields
    • Sources of Return and Bond Yields (Slides)
    • Bond Yields, Yield to Maturity and Rate of Return
    • Bond Yields, Yield to Maturity and Rate of Return (Slides)
    • Yield Curves
    • Yield Curves (Slides)
    • Yield Curves & Government Securities
    • Yield Curves & Government Securities (Slides)
    • Government Bonds & US Treasury Securities
    • Government Bonds & US Treasury Securities (Slides)
    • Corporate Fixed Income Securities
    • Corporate Fixed Income Securities (Slides)
    • Credit Risk of Corporate Securities & Trust Indentures
    • Credit Risk of Corporate Securities & Trust Indentures (Slides)
    • Secured and Unsecured Bonds
    • Secured and Unsecured Bonds (Slides)
    • Convertible Securities
    • Convertible Securities (Slides)
    • Preferred Stocks & Introduction to Structured Securities
    • Preferred Stocks & Introduction to Structured Securities (Slides)
    • Asset Securitization & Introduction to Mortgage Backed Securities
    • Asset Securitization & Introduction to Mortgage Backed Securities (Slides)
    • Mortgage Backed Securities
    • Mortgage Backed Securities (Slides)
    • CMOs & Introduction to Asset Backed Securities
    • CMOs & Introduction to Asset Backed Securities (Slides)
    • Credit Card and Auto Loan Asset Backed Securities
    • Credit Card and Auto Loan Asset Backed Securities (Slides)
    • Collateralized Debt Obligations
    • Collateralized Debt Obligations (Slides)
    • CDOs and Money Market Instruments
    • CDOs and Money Market Instruments (Slides)
    • Agency Securities & Regional/Local Government Debt Securities
    • Agency Securities & Regional/Local Government Debt Securities (Slides)
  • 6

    Equity Products

    • Types of Products/Shares FREE PREVIEW
    • Types of Products/Shares (Slides)
    • Buying Shares & Equities
    • Buying Shares & Equities (Slides)
    • Tesco Example
    • Tesco Example (Slides)
    • Types of Shares and Exchanges
    • Types of Shares and Exchanges (Slides)
    • Depository Receipts
    • Depository Receipts (Slides)
    • Types of Investors, Diversification and Volatility
    • Types of Investors, Diversification and Volatility (Slides)
    • Types of Indices Part I
    • Types of Indices Part I (Slides)
    • Types of Indices Part II
    • Types of Indices Part II (Slides)
    • Tracking Funds
    • Tracking Funds (Slides)
    • Exchange Traded Funds (ETF's)
    • Exchange Traded Funds (ETF's) (Slides)
    • Introduction to Derivatives
    • Introduction to Derivatives (Slides)
    • Forward Contracts
    • Forward Contracts (Slides)
    • Futures
    • Futures (Slides)
    • Equity Swaps
    • Equity Swaps (Slides)
    • Options
    • Options (Slides)
    • Structured Products (Warrants, Certificates and Notes)
    • Structured Products (Warrants, Certificates and Notes) (Slides)
  • 7

    Futures & Options

    • Types of Derivative Contracts and Their Characteristics FREE PREVIEW
    • Types of Derivative Contracts and Their Characteristics (Slides)
    • Derivatives Compared to Securities
    • Derivatives Compared to Securities (Slides)
    • Derivatives Defined
    • Derivatives Defined (Slides)
    • Futures Terminology and Contract Features
    • Futures Terminology and Contract Features (Slides)
    • Physical Delivery to Close a Futures Position
    • Physical Delivery to Close a Futures Position (Slides)
    • Cash Settlement, OTC Derivatives
    • Cash Settlement, OTC Derivatives (Slides)
    • Futures Clearinghouse and Third Party Contracts
    • Futures Clearinghouse and Third Party Contracts (Slides)
    • Futures Margins and Futures Contracts
    • Futures Margins and Futures Contracts (Slides)
    • Clearinghouse and Futures Trades
    • Clearinghouse and Futures Trades (Slides)
    • Comparing Futures Versus Underlying Positions
    • Comparing Futures Versus Underlying Positions (Slides)
    • Futures Position Cash Flows and Hedging with Futures
    • Futures Position Cash Flows and Hedging with Futures (Slides)
    • Futures Positions: Risk and the Cost Taking Position
    • Futures Positions: Risk and the Cost Taking Position (Slides)
    • Cost of Carry/Carrying Charges
    • Cost of Carry/Carrying Charges (Slides)
    • Cost of Carry Pricing and The Forward Pricing Curve
    • Cost of Carry Pricing and The Forward Pricing Curve (Slides)
    • Option Fundamentals: Contract Features and Terminology
    • Option Fundamentals: Contract Features and Terminology (Slides)
    • Option Contract Example: Long Call Positions
    • Option Contract Example: Long Call Positions (Slides)
    • Option Pricing Basics
    • Option Pricing Basics (Slides)
    • Time Value, Instrinsic Value and Moniness
    • Time Value, Instrinsic Value and Moniness (Slides)
    • Short Option Positions
    • Short Option Positions (Slides)
    • Investment Characteristic of Options
    • Investment Characteristic of Options (Slides)
    • Overview of Long Put, Short Call and Short Put Positions
    • Overview of Long Put, Short Call and Short Put Positions (Slides)
    • Option Pricing and Sensitivities (Option "Greeks")
    • Option Pricing and Sensitivities (Option "Greeks") (Slides)
    • Option Deltas
    • Option Deltas (Slides)
    • Delta Hedging
    • Delta Hedging (Slides)
    • Delta Neutral Hedging Example
    • Delta Neutral Hedging Example (Slides)
    • Black-Scholes and Option Volatility (Vega)
    • Black-Scholes and Option Volatility (Vega) (Slides)
    • Implied Volatility and Volatility Trading
    • Implied Volatility and Volatility Trading (Slides)
  • 8

    Interest Rate Swaps

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