Theme: International Financial Market: Fundraising

objective

Present a conceptual, objective and practical view of products, operations and services practiced in the main segments of the international financial market.

Target Audience

Professionals working in the areas of Front Office, Back Office, Accounting, Controlling, Auditing, Legal, Risks, Compliance and the like, from financial and non-financial institutions, and others interested in acquiring or improving knowledge.

Observation

Bring a financial calculator (HP-12C or other).

Program content

1. International Financial Market:

Segments. Participants. Activities. Financial Centers.

2. International Money Market:

Onshore and offshore markets. Funding Instruments. Loan Forms. Syndicated Loans. Interest Rates. Exercises.

3. Global Foreign Exchange Market:

Currencies and Currencies. Markets. Participants. Types of Quotation. Cross Rates. Spot and Forward transactions. Foreign Exchange Swaps. Exercises

4. International Securities Market:

Bonds and Notes, Foreign Bonds, Eurobonds, Global Bonds. Bonds with Embedded Options. Perpetual Bonds. Bonds Denominated in Reais. Export Securitization. Characteristics of Eurobonds. Parties Involved in Launches and Functions. Emission Phases and Forms. Total placement cost. Dealing Price. Yield to Maturity, Yield to Call, Calculation of Duration. Rating and Risk Classification. Clearing and Settlement. General Associated Risks. Notions of US Treasuries, Medium Term Notes and Commercial Paper. SEC Rule 144-A applied to corporate securities. SEC Rule 415. Repurchase Agreements (Repo). Exercises and Examples.

5. International Stock Market:

American Depositary Receipts (ADR). Parties involved in launching ADR and functions. ADR groups. SEC Rule 144-A. Flows in the Primary and Secondary Markets for the issuance of ADR. Cancellation of ADR. Examples.

6. Derivatives Market:

Purposes. Object Asset. Contracts. Term contracts without physical settlement (NDF). Forward Rate Agreements (FRA). Eurodolar and US Treasuries Futures Contracts. Interest rate swap. Currency Swap. Options. General Features of the Options. Option prices and pricing models. Graph of the variation in the net result of European Options in relation to the respective prices on the Exercise date. Strategies with Options (spread, combinations, position in Asset Option with the Asset itself). Credit Derivatives (Credit Default Swap - CDS, Total Return Swap - TRS, Credit Linked Note - CLN). Exercises and Examples.

Instructional resources to be used:

Computer, projector, whiteboard and flip-chart , copies of the slides.

Courseware:

Developed by the exhibitor, specifically for the “corporate ” course.

Customization:

This program can be modified according to the specific needs of the customer. However, the value of this proposal may change.

Methodology

Expository class with presentation of practical cases.