Date : Wednesday,15 Nov 2010
Venue : Pan Pacific Hotel, Singapore
Time : Time :9.00am - 5.00pm
Language : English
Length of course : 1 Day




For more information : Felicia Kong
Tel : 852 2165 1616
E mail : training@theasset.com

Masterclass: Fixed Income Strategies & Techniques



Course Description

This course is designed specifically for entry-level fixed income and capital markets professionals and will cover the basic tools of fixed income including key computational methods for pricing, fixed income instruments, key investment strategies, credit risk analytics and hedging techniques, including fixed income derivatives.

Conceptual understanding will be enhanced by relevant work examples and illustrations using specific case studies.

Outcome

By the end of the course, delegates will be able to:

  • Identify and describe the key fixed income characteristics including interpreting the use of data and pricing implications.
  • Understand the use of derivatives, fixed income futures & options, pricing swaps.
  • Grasp the fundamentals of fixed income instruments and their key components.
  • Develop a practical knowledge of fixed income investment strategies from asset allocation, capital structure arbitrage to immunization techniques.
Why The Asset Training?

The Asset Training brings together the expertise of Asset Publishing & Research Limited in financial media, conferences and research, with highly experienced frontline corporate and investment banking leaders.

Each training course has been exclusively designed and will be taught by expert practitioners with extensive knowledge in their areas of specialization. Each programme is modular based and is focussed on conceptual understanding that is enhanced with work examples and illustrations to equip the participants for real-life transactions.

Course Director
Arvind P. Mathur
Chairman, Private Equity Pro Partners

In his 33 year experience Arvind P. Mathur, CFA, FRM, has held a variety of senior executive positions, including Head, Capital Markets at the Asian Development Bank and senior capital market roles at Citi and Standard Chartered Bank, currently, Arvind is Chairman, Private Equity Pro Partners.

Arvind's experience encompasses both fund and direct investing in the emerging markets of Asia. Most recently, he has been instrumental in the creation, structuring and placement of several major funds, including The India Infrastructure Fund (close to US$1 billion), The Asian Infrastructure Fund (US$780 million), The Asian Infrastructure Mezzanine Capital Fund (US$265 million), The Asian Equity Infrastructure Fund (US$400 million), and the Infrastructure Development Finance Company (IDFC).

He has been a member of investment committees and fund boards which have targeted investments in India, China and several other emerging markets of Asia.

Arvind has worked on funds with the Asian Development Bank, the International Finance Corporation (IFC), CalPERS, La Caisse de Depot et Placement du Quebec, the Prudential Insurance Corporation of America and some of the leading institutional investors in Australia, Singapore, Malaysia and India.

Arvind has promoted the theme of corporate governance in many of these funds, particularly those involving CalPERS and he has authored a number of articles on corporate governance.

Who should attend this course?

  • Traders
  • Sales professionals
  • Origination/corporate bankers
  • Risk managers
  • Fund managers
  • Portfolio and investment managers
  • Financial planners
  • Private bankers
  • Structured finance professionals
  • Corporate treasurers

The Programme

08:15 Registration and refreshments
09:00 Key Fixed Income Characteristics
Data: Yield to maturity, spot rates, forward rates & yield curves, uses of the yield curve, interpreting the state of the economy from the shape of yield curves.
Pricing implications : Convexity, duration & optionality
10:00 Coffee break
10:15 Derivatives: Understanding futures and option payoff diagrams
Introduction to fixed income futures and options, pricing swaps
11:15 Fixed Income Instruments: Key characteristics, risks and upsides
FRNs, fixed rate bonds, bonds with warrants, Convertible bonds Pricing fixed income bonds, including convertible bonds: Case study
12:45 Lunch break
14:00 Fixed Income Investment Strategies
Asset allocation, liability driven investment (LDI) strategies
Capital structure arbitrage, relative value strategies
Distressed bond investing strategy: Case study
Immunization techniques, ladders, barbells, bullets
15:30 Coffee break
15:45 Risk Management Tools in Fixed Income
Introduction to bond rating criteria
Hedging interest rate and currency risk: Interest rate swaps, interest rate options, Currency Swaps, swaptions
Managing credit risk with credit derivatives: Case study
Hedging credit risk, credit default swaps, total return swaps, credit linked notes, Credit risk options
17:00 Finish

Certificate of Completion

On successful completion of the Masterclass, participants will receive a Certificate of Completion from The Asset Training

Complimentary The Asset Premium Subscription Trial

Delegates will receive a trial 6-month subscription to The Asset magazine as well as complete personal access to the www.TheAsset.com and the extensive archives.