• Icon Sur demande
  • Icon 8 h
  • icon Cours du jour
  • Icon English
  • Icon BQ028CJ
195,00 EUR

*

(+3% TVA)
*Prix d'inscription de base, variable selon options choisies.

Cette formation est actuellement disponible sous forme de formation à distance.

Objectives


After this course, you will understand the operating principles and organisation of the bond market having analysed:

  • The source and development of fixed income securities
  • The players and parties involved
  • The new market organisation including the requirements of MIF 2 (MIFIR/MIFID 2)
  • The basic characteristics of bonds (physical presentation, nominal value, issue price, redemption price…)
  • The main explanatory variables encountered
  • How to issue bonded debt (types of issue, mechanisms, prospectus and regulatory aspects …)
  • The rights and obligations of the bond issuer and holder
  • The risks involved in a bond investment and solvency criteria
  • The basic elements and characteristics of the various types of bonds (fixed rate, variable rate, hybrids…)
  • The principles and methods used to establish a FAIR bond price
  • Problems encountered in measuring bond yields
  • How to structure and interpret a bond rates curve and what conclusions to draw from it from a structural and economic point of view

Programme


  • THE ORIGINS OF DEBT INSTRUMENTS
  • BASIC ELEMENTS OF THE VARIOUS TYPES OF BONDS (ILLUSTRATION BY EXAMPLE)
    • Traditional products: fixed and variable rate bonds
    • Hybrid products: convertible and reverse convertible bonds, bonds with warrants, indexed bonds…
  • IMPORTANCE OF SOLVENCY CRITERIA
    • Hierarchy of issuers
    • Notion of spread
    • Rating agencies
  • FEATURES AND ASSESSMENT OF RISKS ASSOCIATED WITH BONDS
  • RIGHTS AND OBLIGATIONS OF THE BOND ISSUER
  • RIGHTS AND OBLIGATIONS OF THE BOND HOLDER
  • BIRTH OF A BOND
    • Issue mechanism
    • Issue prospectus
    • Regulatory aspects
  • BASIC CHARACTERISTICS OF THE PRODUCT AND ISSUE CONTRACT
  • TYPES OF PLAYERS AND OTHER PARTIES INVOLVED IN THE BOND MARKET
  • DESCRIPTION OF DISINTERMEDIATION, INTERNATIONAL DEVELOPMENT AND DEVELOPMENT IN THE BOND MARKET
  • MIFIR AND MIFID I AND II IMPACT AND CONSTRAINTS IN TERMS OF MARKET ORGANISATION AND TRANSPARENCY
  • PRINCIPLES OF BOND PRICING
  • PRACTICAL ASPECTS OF AND PROBLEMS INVOLVED IN MEASURING A BOND YIELD
  • THE BOND RATES CURVE: HOW IT WORKS AND INTRODUCTION TO ANALYSIS

Lieu

  • Durée

    icon

    3 h

  • Lieu

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    Chambre de Commerce Luxembourg

Thu 29.10.2020

08h45

Tue 10.11.2020

08h45

Thu 12.11.2020

08h45

Tue 17.11.2020

08h45

Thu 26.11.2020

08h45

Tue 01.12.2020

08h45

Thu 03.12.2020

08h45

Tue 08.12.2020

08h45

Thu 10.12.2020

08h45

Tue 15.12.2020

08h45

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