International Financial Markets


The aim of the course is to provide knowledge for understanding modern finance together with practice in financial instruments. The course could be considered as a first step to get into these markets. Being one of the targets of the course to provide different tools to the attendants to be able to make financial decisions in different environments. The modules will cover equity, cash and bond portfolio management, interest and currency risk management, together with derivatives.

Applicants must normally have to be in the last courses to get the degree in business administration, accounting, economics, engineering, mathematics or statistics. High level of English skills.The matriculation costs 2,500 euros also includes all the documentation, bibliography, access to installations and services of the IEB

I.The economy
- Economic cycles: growth and recession
- Markets drivers: economic indicators
- Leading, lagging and coincident indicators
- Central banks and Monetary Policy
- Fiscal and budget policies
- Financial markets and participants
- Market regulation
Practices: Bloomberg training. Correlation studies between indicators and the main financial markets/products
II. Money Markets
- Money Markets
- Libor and Euribor
- Deposit
- Interest Rates Term Structure: yield curve theories
- Forecasting interest rates (implied rates)
- Taking positions: long, short, spread and curve
- Treasury bills: auctions, price and yield
- Repo market
Practices: All exercises will be in small groups.Excel. How to join a Treasury auction? (treasury bills). Price-rate calculator
III. Foreign Exchange Markets (FX)
- Foreign Exchange markets
- Can the central bank take advantages from the exchange rates?
- Spot FX
- Cross rates
- FX Swaps
- Forward prices (outright)
Practice: Excel: currency prices calculator. FX market simulation: dealing with currencies and position taking. Profit and loss calculation.
IV. Fixed income Markets
- Treasuries and corporate debt markets
- Who is who in bond market: origination, sales, research, trading and market making
- Different types of bonds: senior, subordinated, preferred
- Credit rating agencies
- What is the credit spread?
- Zero coupon bonds
- Yield to maturity and price
- Duration
- Modified duration
- Convexity
- Trading with treasury bonds: long/short positions; spread and curve positions
Practice: Excel and Bloomberg tools. Price/yield calculator. Finding and charting a bond in Bloomberg.
V. Equity Markets
- Characteristics of equity shares
- Structure of the Stock Exchange Markets
- Stock Exchange transactions
- Stock Market Indexes
- Price and dividend payments
- Major Markets and their Trading Systems

VI. Fundamental Analysis
- What is fundamental analysis
- The concept of equity valuation
- Reading a balance sheet
- Fundamental models
- Main ratios Practice: ¿is this company cheap or expensive? (Bloomberg tools)

VII. Technical Analysis

- Theories
- Traditional Chartism: main figures
- Candlestick analysis: main figures
Practice: Bloomberg training on technical analysis. Building a chart and how to read it (class discussion)

VIII. Derivatives

- Introduction to derivative markets
- Present and future values
- OTC and Organized Exchange markets
- Forward rate agreements (FRAs)
- Futures markets
- Credit markets: CDS
- Options
- The premium factors
- Volatility
- Call/put ratio
- Strategies using/combining options
- Exotic options
Practice: given a portfolio, choose different ways to hedge it
- Interest Rate Swaps (IRS)
- Currency swaps
- Caps, Floors and Collars
- Constant Maturity Swap
- Swaptions
- Structured products: different types. Advantages and disadvantages
Practice: analysis of different structured products frequently used by banks

IX. Portfolio management

- Investment theories
- Maximize returns under simulated market conditions using the all the tools learned so far
Practice: Excel and Bloomberg tolls. Portfolio analysis given different situations. Class/teacher discussion.

James Levy
Master in Business Administration, Syracuse University, Syracuse (New York)
B.A., (Honors) International Affairs, Lafayette College, Easton (Pennsylvania)
Open Source Asset Alliance, CEO and Founding Partner

Luis Fernando Utrera, Summer Course Director
D.E.A. in Economics (Univ de La Coruña)
B.A. in Modern History, (Univ Complutense, Madrid)
Director of the International Financial Markets Summer Course and lecturer at IEB

Antonio Fernández-Montes
B.A. in Economics (Universidad Complutense, Madrid)
Treasurer at Repsol
He has being IEB professor for the last 8 years

Rodrigo Utrera
B.A. in Actuarial and Financial Sciences (ICADE, Madrid)
B.A. in Business Administration (Universidad Carlos III, Madrid)
Master in Stock Exchange and Financial Markets (IEB, Madrid)
Senior analyst at Belgravia Fund

Jan Roos
B.A. in Economics, University of Louvain, Belgium and Trinity College Dublin, Ireland
M.A. in Economics, University of Louvain, Belgium
Santander Bolsa, International Equity Sales

Carlos Jaureguizar
D.E.A in Economics (Rey Juan Carlos University, Madrid)
B.A. in Economics (Universidad Autónoma, Madrid)
Master in Banking and Financial Markets (Universidad Autónoma, Madrid)
NOESIS (Technical Analysis Company), CEO

Miguel Jaureguizar
D.E.A. Economics (Universidad Rey Juan Carlos)
Telecommunications Engineer (Universidad Politécnica, Madrid)
NOESIS (Technical Analysis Company), COO

Wouter Lauwaars
International Managemenet, International School of Economics, Rotterdam
Director at Barclays Corporate

Kevin Rodriguez-Patterson
MBA London Business School
B.A. Business Administration, Univ de Deusto
Barclays Capital, Risk Advisory

* La Dirección del programa se reserva la facultad de modificar los ponentes en función de la disponibilidad de los mismos a la hora de impartir las clases.

info admisiones

  • Fecha inicio: 3/07/2017
  • Horario: L a V de 9'00 a 14'30h
  • Duración: 90 horas (mes de Julio)
  • Idioma: Inglés


Agenda

may 2017

LunMarMieJueVieSabDom
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Solicitar información

Datos personales

Nombre*

1er Apellido

2º Apellido

Teléfono*

E-mail*

Dirección

País*

Provincia

Calle

Localidad

CP.

Mensaje

Asunto

Consulta

Acepto el Aviso Legal de esta web.

(*) Campo obligatorio.

Admisión

Datos personales

Nombre*

Apellidos*

Dirección*

Población*

CP*

Pais

Provincia

Teléfono*

Email*

Fecha nacimiento

Lugar de nacimiento*

Nacionalidad*

DNI/Pasaporte*

Estudios que desea realizar

Sígueme en Feedly
↓