MiFID II - Debt Instruments (FR) (classe virtuelle)

En collaboration avec
  • Icon 28.09.2020
  • Icon 8 h + 1 h d'examen
  • icon Formation à distance
  • Icon French / Français
  • Icon BQ129CJ
240,00 EUR

*

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

Classe virtuelle


En réponse à la situation actuelle liée au coronavirus COVID-19, la House of Training est heureuse de vous annoncer que cette formation est désormais accessible en classe virtuelle.


Cette formule, parfaitement adaptée à tous les collaborateurs souhaitant développer leurs compétences à distance, présente plusieurs avantages :

  • Elle vous permet de vous former en évitant tout déplacement physique.

  • La durée des séances a été adaptée à ce type d’enseignement afin de garantir une efficacité maximale.

  • Les outils technologiques modernes permettent une interaction entre le formateur et les apprenants.

L’inscription est facile !


Si vous souhaitez assister à cette formation, veuillez cliquer sur « S’inscrire » et choisir ensuite « classe virtuelle ».


Afin de participer de manière sereine à cette formation à distance, veuillez lire bien attentivement les recommandations suivantes.

Programme


Based on the ISO definition for debt instruments specifying that a debt instrument is a financial instrument evidencing monies owed by the issuer to the holder on terms as specified, the content of this module on debt instruments focuses on:

  • Main characteristics of debt instruments (based on ISO 10962)
    • Types of debt instruments - Bonds, convertible bonds, bonds with warrants attached, medium-term notes, money market instruments, structured instruments, mortgage- backed/asset-backed securities, municipal bonds
    • Attributes of debt instruments - Type of interest, guarantee, redemption method, form (bearer/registered), subordination
    • Pricing of debt instruments - Factors impacting price (e.g., ratings, yield, supply & demand), calculating the price of a debt instrument, different types of yield
    • Factors influencing the performance of a debt instrument - Spread against a benchmark (e.g., a government bond), ratings, strength of currency, market interest rates, inflation
    • Costs associated with transactions and services involving a debt instrument - Brokerage, exchange fees, transaction fees, custody fees
    • Structure of the market for debt instruments
    • Types of markets (regulated, OTC, MTF, OTF, SI) - Government bonds traded on regulated exchanges, corporate bonds traded on stock exchanges, Eurobonds traded over the counter, OTC debt instruments (e.g., collateralised debt obligations), use of MTF, OTF, SI for debt instruments
    • Primary and secondary markets - Descriptions of primary and secondary markets for Eurobonds, government bonds, corporate bonds
    • Market players - Primary market: Lead managers, syndicate members, listing agents, CSDs/ICSDs, exchanges; Secondary market: Brokers/dealers, regulated markets (e.g., exchanges), OTC, MTF, OTF, SI, paying agents, fiscal agents, CSDs/ICSDs, custodians, depositaries 
  • Financial instruments as investments
    • Market practice - Primary market - On an exchange, OTC; Secondary market - On an exchange, OTC, transaction chain of securities processing; bond lending/ borrowing, repurchase agreements; CSDs/ICSDs, custody, corporate actions (e.g., coupon payments), redemptions (including early redemptions)
    • Main risks - Default risk, spread risk, settlement risk, migration risk, liquidity risk, interest rate risk, foreign exchange risk, operational risk
    • Tax aspects - Withholding tax, capital gains tax, tax reclamation
    • Market forces that impact performance - Interest rates, inflation, currency rates, rating agencies, market liquidity
    • Understanding instrument’s performance - Changes in interest rates, duration, ratings, bond indices, variable-rate bonds
    • Documentation related to the instrument - Prospectus, programme description, pricing sheet

Certification


This module is part of the MiFID II Certification. For more details about this Certification, please click here.

Target Audience


This training programme concerns all persons placed under the authority of a professional (or acting on his behalf) subject to prudential supervision by the CSSF, i.e. individuals providing investment advice (“Advisory profile”) or information (“Information profile”) on financial instruments, investment services or ancillary services to clients.

Speakers


Experienced professional specialists selected on the basis of their in-depth knowledge of markets and financial products under MiFID rules I and II, and ESMA criteria.

Language


Session delivery: French

Course material: English

Assessment and Certification: English or French

Lieu

Télécharger le planning PDF

lun. 28.09.2020 à 08h30

icon 4H

MiFID II: Debt Instruments

  • icon E-Learning

mar. 29.09.2020 à 08h30

icon 4H

MiFID II: Debt Instruments

  • icon E-Learning
  • Durée

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    3 h

  • Lieu

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    Chambre de Commerce Luxembourg

Thu 01.10.2020

08h45

Thu 12.11.2020

08h45

Thu 26.11.2020

08h45

Thu 03.12.2020

08h45

Tue 08.12.2020

08h45

Thu 10.12.2020

08h45

Tue 15.12.2020

08h45

Thu 17.12.2020

08h45

Tue 12.01.2021

08h45

Tue 19.01.2021

08h45

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