Financial assets
From simple to the most complex instruments: the market, the insurer as investor, operations and data.
Access: an e-mail address is enough, you receive a sign-in code. Free modules need no bank card.
What you will be able to do
- Understand markets, players and the front, middle and back office organisation
- Master day-to-day calculations: interest, day counts, discounting, accrued interest
- Know money markets, bonds, equities, funds, the trade life cycle and reference data
- Measure interest rate and credit risk, and understand securitisation, FX, derivatives, options
- Tackle CDS, structured products, fair value, collateral and insurer ALM
- Link investments to Solvency II, accounting and performance measurement
Who it is for
Finance, risk, middle and back office teams, particularly at insurers, who process, value, control or report investments.
Prerequisites
No prerequisites for the foundation modules; the advanced modules assume the earlier ones.
Included
- Video with chapters
- PDF slides
- Marked quiz
- Verifiable certificate
Programme
Fundamentals
- 00Markets, participants and front, middle and back office organisation
- 01Everyday financial calculations: interest, conventions, discounting
- 02Money market: deposits, NEU CP/MTN, repurchase agreements (repo), €STR
- 03Fixed-rate bonds: accrued interest, dirty price, settlement amount
- 04Equities: markets, dividends and corporate actions
- 05Funds: UCITS, AIFs, ETFs, real-asset funds
- 06Trade life cycle: front, middle, back office, settlement, custody
- 07Data and reference data: ISIN, LEI, CFI, ratings, prices, vendors
Intermediate
- 08Interest rate risk: duration, sensitivity, DV01, convexity
- 09Yield curves and credit spreads: market data
- 10Special bonds: floating rate, inflation-linked, callable, perpetual, subordinated
- 11Securitisation: ABS, RMBS, CLO
- 12Foreign exchange: spot, forward, hedging
- 13Linear derivatives: futures, forwards, FRAs, interest rate and cross-currency swaps
- 14Options: vocabulary, reading valuations and risks
Advanced
- 15Credit derivatives: CDS, indices, CLNs
- 16Structured products: identify, have valued by third parties, check
- 17Valuation and fair value: IFRS 13, independent price verification
- 18Collateral and clearing: EMIR, clearing houses, ISDA/CSA, margin calls
- 19Asset-liability management (ALM) for an insurer: matching, hedging
- 20Solvency II: market SCR, look-through, QRTs, prudent person
- 21Investment accounting and reporting: IFRS 9/17, French GAAP (R343-9/-10), capitalisation reserve, ESG/SFDR
- 22Measuring investment performance
- 23Measuring financial risks: VaR, stress tests, limits
- 24Going further (1): rate calculations and bond valuation
- 25Going further (2): equities, options and structured products
- 26Going further (3): special bonds, credit and valuation adjustments
Training a team? Access for several employees, on quotation. admin@axent-consulting.com