Financial Crisis: Causes, Impact, and Legacy (Global)
The global financial crisis of the late 2000s was a watershed event in financial markets. Problems originating in one local market (US subprime lending) set off a train of events that ultimately led to the need for concerted action by central banks and governments to prevent the complete collapse of the global financial system. This […]
Foreign Exchange (FX): Forward Market – An Introduction
Many foreign exchange transactions settle on the spot date, but what happens if a market participant wants to exchange currency, say, in two months’ time rather than in two days? The forward foreign exchange market, which accounts for almost two-thirds of the daily turnover in the entire FX market, provides a solution. A forward FX […]
Foreign Exchange (FX): Spot Market – An Introduction
The FX market is a seamless 24-hour market that exercises an enormous influence over virtually every financial and economic trend. This course introduces the spot FX market and explains how currencies can be treated similar to commodities in terms of how they can be traded. There is a particular focus on the method by which […]
Forwards and Futures: An Introduction
This course focuses on the most basic derivatives building block, the forward transaction, which can take the form of an Over-the-Counter (OTC) forward contract or an exchange-traded futures contracts. The similarities and the differences between these two product types are examined in detail. The course also covers Contracts for Difference (CFDs), which have similarities to […]
Assurance
Many people, by their nature, are risk averse. They would prefer to pay a premium for someone to absorb the risk for them. The insurance industry in return for a fee offer protection to individuals and businesses against potentially ruinous risk. This course looks at the different risks that insurance companies cover and the challenges […]
Interest Rate Benchmarks: An Introduction
This course looks at the rise and fall of the London Inter-Bank Offered Rate (LIBOR) as the key benchmark rate for the pricing of swaps and other financial instruments, and its replacement by the Secured Overnight Financing Rate (SOFR) and other benchmark indexes.
Investment Banking
Investment banking is the business of raising capital for companies and providing advising services on financing and merger activities. This course looks at the typical structures associated with investment banks and their key activities and sources of revenue, namely Mergers and Acquisitions (M & A) advice, underwriting, sales and trading, asset management, and prime brokerage.
Investment: An Introduction
Terms like “investment” and “investing” are used in the media every day without anyone actually defining what exactly they mean. This course adopts a different perspective and will set you out on the road to understanding the fundamentals of investment and the associated concepts of risk and return.
Merchant Services
Merchant acquirers play a critical role in the cards and payments model. As intermediary between the merchant and the card issuer, they are central to card and payments acceptance. Merchant acquirers primarily provide payment technology solutions to merchants. With the explosion of Card Not Present (CNP) transactions on the back of strong internet penetration, the […]
Money Markets: An Introduction
This course focuses on wholesale money markets, which are markets where the lending/borrowing or buying/selling of short-term funds and securities occurs between large institutions such as banks, institutional investors, corporations, and central banks. The course discusses the main sectors and products of the money market and the key risks involved in trading and investing in […]