Learning Objectives

This comprehensive course will allow you to:

  • Understand the role of Treasury in a bank, distinguish between Treasury Trading and Treasury Sales, and identify key financial market participants.

  • Comprehend the structure and functions of various capital & financial markets (Foreign Exchange, Money Market, Fixed Income, Bonds, Shares, Commodities), including central bank roles and tools.

  • Learn about simple and complex financial products, including money market instruments, fixed income products, FX market products, and options, along with their conventions and risk management strategies.

  • Length

    1 - 3 days

  • 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

  • Bank professionals interested in deepening their understanding of Treasury operations and financial markets.

  • Product managers responsible for Treasury-related initiatives within financial institutions.

  • Project managers overseeing Treasury projects and initiatives.

  • Experts from related departments such as audit, risk management, back-office, and compliance seeking to broaden their knowledge of Treasury functions.

Course Description

Understand Capital & Financial Markets

Immerse yourself in the intricate world of financial markets with our Treasury Workshop, a comprehensive program tailored for bank professionals, product managers, and project managers. Through a blend of theoretical insights and practical applications, participants will gain a profound understanding of market conventions, product features, and advanced trading strategies essential for success in today's competitive landscape. From exploring the role of Treasury within a bank to dissecting central bank interventions, participants will unravel the fundamental principles that govern global financial markets.

Content

  • Introduction and Financial Market Structure
    • Role of Treasury in a bank
    • Treasury Trading vs. Treasury Sales
    • Financial market participants and the structure of financial markets (Foreign Exchange, Money Market, Fixed Income, Bonds, Shares, Commodities)

  • Central Banks and Their Instruments

    • Roles and objectives of central banks
    • Monetary policy tools (e.g., interest rate targeting, open market operations, reserve requirements)
    • Central banks' influence on financial markets and liquidity

  • Money Markets

    • Key money market instruments: Deposits (Depo), Certificates of Deposit (CD), Commercial Papers (CP), Treasury Bills (T-Bills), Repurchase Agreements (Repo), and Overnight Index Swaps (OIS)
    • Money market conventions, rates, and their role in managing short-term liquidity

  • Fixed Income Markets

    • Bonds and fixed income instruments (e.g., government, corporate, and municipal bonds)
    • Swaps, futures, and linear derivatives in fixed income markets
    • Conventions and mathematics for bond pricing, yield calculations, and risk management

  • Risk Management

    • Principles of present value, yield curve construction, and analysis
    • Modified duration, convexity, and discount factors
    • Managing credit spread risk vs. interest rate risk
    • Long-term interest positions and bond portfolio management

  • FX and Non-linear Products

    • FX market products: spot, outright, swap
    • Cross-currency pairs and FX position management
    • Non-linear products (options) and volatility trading principles
    • Option risk factors (delta, gamma, kappa, theta, rho)

  • Equity and Commodity Markets

    • Trading conventions and specifics for equity markets (shares, world exchanges)
    • Commodity markets: spot, forward market, non-delivery deals, swaps, options, futures, and ETC
    • Practical examples, case studies, and Excel-based simulations (SimTrea)

  • Practical examples, use cases, and case studies
  • Interactive activities, including polls, quizzes, and Q&A sessions

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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