Capital Markets 101: Market Structure, Products and Regulatory Trends
This course offers an introductory survey of the key drivers, players and features of global capital markets. The program provides a thorough grounding in the full range of capital market instruments.
Function of Financial Intermediaries: Indirect Finance
Types of Financial Intermediaries
Identifying the Key Participants and their Impact on the Market
Four Core Markets: Debt, Equity, Money Markets and Foreign Exchange
Internationalization of Financial Markets
Module 2: Money Markets
Interbank Loans and Deposits
Certificates of Deposit
Commercial Paper
Repos
Treasury Bills
Bankers Acceptances
Module 3: Foreign Exchange (FX)
Structure of The FX Market
How the Market Trades
Understanding FX Prices - Spot Rates
Reading Prices and Calculating Simple Values
Calculating and Understanding Cross Rates
Introduction to FX Forwards
Module 4: Time Value of Money
Time Value of Money (TVM)
Present Value
Future Value
Valuing Annuities
T-Bill Yield
Bond Equivalent Yield
Module 5: Bond Markets and Risk
Role of Debt in Capital Structure
International Bonds
Plain Vanilla Bonds
Borrowing Structures
Price-Yield Relationship
Yield Curves
Economy/Business Cycle
Primary Dealers
Secondary Markets
Treasury Auction
Types of Bond Risk
Credit Ratings
Credit Spreads
Module 6: Equity Markets and Trading
Common Stock
Preferred Stock
Rights/Warrants
Depository Receipts
Convertible Bonds
Primary and Secondary Markets
Dark Pools
Quote and Order Driven Markets
Order Execution
Short Selling
Module 7: Regulation of the Financial System
Financial Regulators
Motivation for Regulation and Oversight
Asymmetric Information and Financial Regulation
The 1980s U.S. Banking Crisis
Banking Crisis Throughout the World
The Dodd-Frank Bill and Future Regulation
Basel III
Desk-Ready Skills
Identify the global trends in volume for various financial products and articulate the macroeconomic reasons for those trends
Understand how bonds, equity, foreign exchange and money market products are traded
Structure and price a plain vanilla bond for the current market place
Read bond and equity listings and decide whether the deals worked well for the parties involved
Describe the role of equity from both the issuer's and investor's perspectives
Distinguish among the different types of stock markets
Identify the key regulators of the financial system
Describe the primary objectives of capital markets regulation
Apply knowledge to today’s financial situations
Trading and sales support personnel, regulators, compliance staff, financial journalists, anyone seeking a through grounding in capital markets and products
Mayra Rodríguez Valladares
capital markets risk consultant and trainer.
Mayra Rodríguez Valladares is a bank and capital markets risk consultant and trainer. Her consulting projects have included banks, financial regulators, central banks, securities firms, and insurance companies. Ms. Rodríguez Valladares has written business plans and created financial models for a wide-range of companies and has analyzed financial firms’ financial models and stress tests.
Education
Rodríguez Valladares graduated from Harvard and Radcliffe Colleges with an AB in Russian and Soviet Studies. She graduated from The Wharton School and The Ladder Institute of the University of Pennsylvania with an MBA in Emerging Markets Business and an MA in International Studies.
Khosrow Mehrzad
Khosrow has broad experience in capital market, financial products, micro and macro analysis, and portfolio management. Khosrow founded Parsa Capital Management in 2015, where he manages an equity fund. Khosrow joined JP Morgan as analyst responsible for hedging, risk management and structuring for two special situation investment funds with over $1 billion in assets. He later became a senior portfolio manager responsible for relative values trades and spearheaded firm’s effort in launching hedge funds. Khosrow was a senior valuation analyst at Six Financial Information, responsible for pricing exotic derivatives. He also managed a team of analysts, and led the process of migrating the models from PC environment to company’s main computing platform. Khosrow worked as Co-CIO at AlphaEngine Global Investment Solutions, a startup hedge fund where he developed the tactical asset allocation models. Khosrow was a Director at Deutsche Bank Advisors oversaw a team of analysts located in India, conducted fundamental analysis of US equities, and managed an equity proprietary book. Khosrow received a BS from Sharif University of Technology, a MS from McGill University, and earned an MBA from MIT Sloan School of Management.
