Learning Objectives

This comprehensive course on capital markets offers in-depth insights into the structure, conventions and significance of both bond and stock markets. Participants will master financial markets, delve into bond market dynamics, explore stock market operations, and develop strategic trading approaches through practical case studies and simulations.

  • Gain comprehensive knowledge of capital markets, including their conventions, historical context, participant roles, and the structure of debt and equity securities.

  • Develop proficiency in bond market dynamics, enabling effective evaluation and analysis of bond trading and investments, and understand related financial mathematics.

  • Master stock market operations, derivatives trading, and strategic decision-making through practical case studies and simulations.

  • Length

    1 day

  • Form

    Online Live

  • Difficulty

    Advanced

Live course with a lecturer

This is Bearning's live interactive course with a lecturer. You can attend as follows:

  • 📅❌ If no specific date is listed for the course, then we currently only offer this course as an inhouse course for institutions or groups of participants (3+ ). Contact us by email for more information. We are always happy to tailor this course to your requirements. We can deliver it online or in person.  
  • 📅✅ If the course is listed for a specific date, you can sign up for it by registering and paying the fee. We will confirm your registration for the course and send you a link to connect (usually via Zoom or MS Teams) and a PDF of the presentation prior to the course. You can also register for the course by email, or you can contact us for further information. Course content and further details can be found on the course page. 

Who should attend

Target group

  • ALM/Treasury and Risk Management Experts: Those working in bank treasury departments or risk management, focusing on liquidity management, interest rate risk, and understanding the strategic aspects of financial instruments and market operations.

  • Investment Banking Professionals: Including analysts and associates who need a comprehensive understanding of capital markets, bond structures, yield curves, equities, ETFs, and trading strategies.

  • Financial Analysts and Portfolio Managers: Professionals managing investment portfolios who need to grasp detailed knowledge of derivatives, bond conventions, and advanced financial instruments to make informed investment decisions.

  • Corporate Finance Managers: Executives involved in corporate finance functions who must understand capital markets for strategic planning, financial decision-making, and risk assessment.

Course Description

Understand Capital Markets

Delve into the intricate world of capital markets with our comprehensive course tailored for banking professionals, asset managers, and treasury specialists. Gain a nuanced understanding of bond and stock markets, from their historical evolution to their pivotal role in modern finance. Participants will learn to evaluate bonds, grasp yield curve dynamics, and navigate complex valuation techniques. From exploring stock market operations to mastering strategic trading approaches, this course equips learners with practical skills and insights essential for success in today's dynamic financial landscape.

Content

  • Introduction to the capital market – the history, importance and participants of the bond and stock market
  • Capital market structure: debt securities (bonds), stocks, overview of other instruments
  • Mathematics: capital yield vs. interest income, present value principle, yield curve and zero curve, modified duration, convexity, discount factors, zero concept
  • Primary and secondary market
  • Bonds
    • The conventions and mathematics of the bond market
    • Fixed-, variable- and zero-coupon bonds
    • Government, bank and corporate bonds
    • Covered and uncovered bonds, convertible bonds, perpetual bonds
    • Bonds with embedded option (callable bond)
    • Valuation of bonds
    • Credit spread on the bond market, credit-spread risk vs. interest risk, management of the bond portfolio in a bank
    • Bond market derivatives (repo, bond future, bond options)
  • Shares
    • Stock-exchange
    • Stock indices
    • Funds
    • ETF (exchange traded funds)
    • Stock market derivatives (forwards, single stock future, index future, stock swaps, stock option)
    • Trading strategies on stock markets (CAPM, alpha, beta)
    • Leveraged strategies: short selling a margin buying
  • Examples and practical case studies, calculations and explanations

Instructor

CEO, Bearning Martin Macko

Martin started his career in banking in 1994 as an MM&FX Treasury trader. Later he was appointed Treasury Director and Chairman of ALCO at a subsidiary of an international banking group. In 2007, Martin founded a consulting company. Later, Bearning expanded its activities to include professional banking education in the areas of ALM & Treasury, financial markets, risk management, fintech and digitalization. Martin holds several degrees and qualifications: Ing. (equivalent to M.Sc.) from the Slovak Technical University, ACI Dipl. (ACI Dipl.) from the Financial Markets Association, Financial Modeling & Valuation Analyst (FMVA)® and Certified Banking & Credit Analyst (CBCA)™ and Capital Markets & Securities Analyst (CMSA)® from the Corporate Finance Institute.

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Thank You

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