Fixed Income & Other Debt Securities
|Duration||1 Day (9.30 - 16.30)|
|Course Fee||Full Fee: 300
Network Members Fee: 195
|Enrolment and Start Dates Comment||Spring 2013
Please email louise.ryan@ibec. ie to register your interest.
|Course Content||Aim And Approach
This programme is designed to give participants an understanding of how the fixed income markets work, types of fixed income securities, the issuers and the features of bonds in general. The concepts of accrued interest, the impact of interest rates on bond prices, clean and dirty pricing and the main accounting aspects will be covered. An overview of money market instruments will be provided, including the main securities and the accretion method of valuing as an alternative.
|Further Enquiries||Louise Ryan
t: 01 605 1546
|Learning Outcomes||Following the programme participants will be able to:
Understand who issues fixed income securities and how this method of financing compares with the other main methods
Be able to calculate the (clean) book cost of fixed income security positions, mark to market and calculate the resulting gain or loss
Understand the different day-count methods for accruing interest
Be able to calculate accrued interest on a bond for purchase / sale and revaluation
Have a broad understanding of bond yields and the impact of interest rates on bond prices
Understand the different types of fixed income securities issued and their features e.g. Convertible bonds, Deep Discount Bonds, Asset-Backed Securities and Collateralised Debt Obligations.
Have an understanding of the main players in fixed income capital markets and their roles
Be able to apply coupon payments, capital redemptions and other bond corporate actions
Understand the main categories of money market instruments, their features and valuation, including the accretion method.