Kursuskatalog Course program Efterår Autumn

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www .ftpcourses. com

Kursuskatalog

Efterår

Autumn

14

Course program

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Content

Certification Programs

Certificeret Finansiel Supporter

Certified Financial Supporter / Oslo and Stockholm

Certified Fixed Income Manager

Certificeret Fixed Income Manager / New Certification Program

Derivatives

Introduktion til derivater

Introduction to Derivatives / Oslo and Stockholm

Pricing and Trading Swaps Fixed Income Derivatives Rentederivater / New Course

Regulation

New Regulation in the Financial Markets – an Update / New Course

Risk Management

Risikostyring og kontrol

Risk Management and Control / Oslo and Stockholm

Counterparty Risk - CVA and CCP Advanced IRB Approach / New Course

Bond Analysis

Det danske obligationsmarked The Swedish Bond Market

Corporate Bonds and Credit Trading Danske realkreditobligationer

Financial Markets

Introduktion til de finansielle markeder

Introduction to the Financial Markets / Oslo and Stockholm

Introduction to Back-office

Understanding Economic Indicators / New Course

Portfolio Management

Porteføljestyring med renteprodukter / New Course

Fixed Income Portfolio Management Performance Measurement

Financial Applications

Excel in Finance (I) – using the Built-in Functionality Excel in Finance (II) – Introduction to VBA Programming

Instructors 3 4 5 5 6 6 7 7 8 8 9 9 10 10 11 12 12 13 14 14 15 15 16 16 17 18 18 19

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“The Certified Financial Supporter

program combines an up to date

in-troduction to the financial markets

and financial derivatives with a risk

management perspective. An ideal

combination if you work in an

en-vironment where a general

under-standing of either one or all of the

subjects is needed. Altogether the

program lived up to my high

expec-tations which were only made

pos-sible by the instructor’s professional

and userfriendly way to pass on their

knowledge.”

Mikkel Brix Jensen, Certified Financial Supporter

CERTIFICATION PROGRAMS

Certificeret Finansiel Supporter

København

Module 1: 4. - 5. september Module 2: 6. – 7.oktober Module 3: 3. – 4. november, 2014

Uddannelsen er relevant for folk, der arbejder i eller understøtter front office funktioner i en finansiel institution eller en finansafdeling i en virksomhed.

• Modul 1: De finansielle markeder (aktier, obligationer, penge- og valutamarkedet)

• Modul 2: Derivater (futures, optioner, repo’er, swaps, FRA’er, caps/ floors, swaptioner, kreditderivater)

• Modul 3: Risikostyring og kontrol (markeds-, kredit-, likviditets- og operationel risiko, lovgivning, controlling)

• Opgaver • Eksamen

For further information visit www.FTPcourses.com

Sprog: Dansk Formateriale: Diverse artikler og e-learning moduler Niveau: Introducerende Pris: DKK 29.500

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Certified Financial Supporter

The education is relevant for people who work with or support front office in a financial institution or a finance department in a corporate company.

• Module 1: The Norwegian Financial Markets (the Money-, FX-, Bond- and Stock Market)

• Module 2: Derivatives (Futures, Options, Repo’s, Swaps, FRA’s, Caps/Floors, Swaptions, Credit Derivatives)

• Module 3: Risk and Control (Market, Credit, Liquidity and Opera-tional Risk, BIS III, Controlling)

• Exercises • Exam Language: English Pre-course material: Articles and e-learning modules Level: Introductory Price: NOK 29.500

CERTIFICATION PROGRAMS

Certified Financial Supporter

Stockholm Module 1: November 10 - 11, 2014 Module 2: December 8 - 9, 2014 Module 3: January 19 – 20, 2015 Oslo Module 1: November 12 - 13, 2014 Module 2: December 10 - 11, 2014 Module 3: January 21 – 22, 2015

The education is relevant for people who work with or support front office in a financial institution or a finance department in a corporate company.

• Module 1: The Swedish Financial Markets (the Money-, FX-, Bond- and Stock Market)

• Module 2: Derivatives (Futures, Options, Repo’s, Swaps, FRA’s, Caps/Floors, Swaptions, Credit Derivatives)

• Module 3: Risk and Control (Market, Credit, Liquidity and Opera-tional Risk, BIS III, Controlling)

• Exercises • Exam

Language: English

Pre course material: Articles and e-learning modules Level: Introductory Price: SEK 35.500

CERTIFICATION PROGRAMS

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CERTIFICATION PROGRAMS

Certified Fixed Income Manager

Certificeret Fixed Income Manager

København

Modul 1: 15. – 16. september Modul 2: 21. – 22. oktober Modul 3: 13. – 14. november, 2014

Uddannelsen er relevant for personer, der arbejder med renteprodukter. • Modul 1: Obligationsmarkedet (obligationstyper,konventioner,

prisfastsættelse, varighed, konveksitet, nulkuponrenter, realkredit-markedet)

• Modul 2: Rentederivater (swaps, repo’s, FRA’s, caps/floors/collars, swaptioner, bund futures og optioner, risikonøgletal og prissæt-ning)

• Modul 3: Porteføljestyring med renteprodukter (asset allocation, tracking error, risk budgeting, currency overlay og attribution ana-lyse)

Language: English

Pre course material: Articles and e-learning modules Level: Intermediary Price: SEK 35.500 Sprog: Dansk Pre-course materiale: Artikler og e-learning moduler Niveau: Middel Pris: DKK 29.500 NYT CERTIFICERINGS-PROGRAM Stockholm Module 1: September 17 – 18 Module 2: October 8 - 9 Module 3: November 24 - 25, 2014

The education is relevant for people who work with or support fixed income products.

• Module 1: The Swedish Bond Market (Bond Types, Market Conven-tions, Pricing, Duration, Convexity, Yield-to-Maturity, Zero Coupon Rates)

• Module 2: Fixed Income Derivatives (Swaps, Repo’s, FRA’s, Caps/ Floors/Collars, Swaptions, Bund Futures and Options, Risk Meas-ures, Pricing)

• Module 3: Fixed Income Portfolio Management (Asset Allocation, Risk Measures, Tracking Error, Risk Budgeting, Currency Overlay, Attribution Analysis)

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DERIVATIVES

Introduktion til derivater

Introduction to Derivatives

6. – 7. oktober, 2014, København

December 8 - 9, 2014, Stockholm December 10 - 11, 2014, Oslo

• Markedspladser, OTC, central clearing • OTC-derivater

• Børsnoterede derivater • Futures, forwards og CFD’er • Repo’er • Optioner • FRAs • Swaps • Renteoptioner • Kredit derivater • Handel og konventioner • Strukturerede produkter

• Exchange Traded- versus OTC-derivatives • Central Clearing

• Futures, Forwards and CFDs • Repos

• Options • FRAs • Swaps

• Interest Rate Options • Credit Derivatives • Trading and Conventions

Sprog: Dansk Formateriale: E-learning Niveau: Introducerende Pris: DKK 11.500 Language: English Pre-course: E-learning Level: Introductory Price: SEK 13.500 NOK 11.500 OSLO AND STOCKHOLM

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DERIVATIVES

Pricing and Trading Swaps

- Multiple Curves and Collateral Consistent Pricing

November 5 - 6, 2014, Copenhagen

• New Zero Coupon Pricing Methodologies • Calculating the Par Swap Rate

• How to Incorporate the Basis • Standard and Non-Standard Swaps • The Swap Curve and Zero Coupon Yields • Bootstrapping Zero Coupon Yield Curves • Mark-to-market Valuation of Swaps • Valuation taking Collateral into Account • Swaps with an Up-front Payment • Asset Swaps

• Measuring and Managing the Risks of a Swap Book • Advanced Swap Structures

Language: English Level: Intermediate Price: DKK 11,500

DERIVATIVES

Fixed Income Derivatives

October 8 - 9, 2014, Stockholm

• Interest Rate Swaps • Repos

• Bund Futures and Options

• The Cheapest-to-Deliver principle (CTD) • Forward Rate Agreements (FRA’s) • Swaptions

• Interest Rate Guarantees (IRGs) • Caps, Floors and Collars

• Risk Measurement and Management • Pricing Models for Fixed Income Derivatives • Trading and Hedging Techniques

Language: English Level: Intermediate Price: SEK 13,500

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REGULATION

New Regulations in the Financial Markets

December 5, 2014, Copenhagen

• New Capital Requirements for Credit Institutions Systemically Important Financial Institutions Countercyclical Buffer and Conservation Buffer Phasing in the Requirements

• Bank Recovery and Resolution Directive • Centralizing Financial Supervisory Authority • Liquidity Requirements

Liquidity Coverage Ratio Net Stable Funding Ratio • Capital Requirements for Market Risk • EMIR • Solvency II Language: English Level: Intermediary Price: DKK 11,500 NEW COURSE NYT KURSUS

DERIVATIVES

Rentederivater

21. – 22. oktober, 2014, København • Renteswaps • Repo’er

• Bund futures og optioner

• Cheapest-to-Deliver princippet (CTD) • Forward Rate Agreements (FRA’s) • Swaptioner

• Interest Rate Guarantees (IRGs) • Caps, floors og collars

• Risikomåling og -styring

• Prisfastsættelse af rentederivater • Trading og hedging teknikker

Sprog: Dansk Niveau: Middel Pris: DKK 11.500

– an Update

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RISK MANAGEMENT

Risk Management and Control

January 19 - 20, 2015, Stockholm

January 21 - 22, 2015, Oslo

• Regulation Today • Credit Risk Management • Market Risk Management • Operational Risk Management • Liquidity Risk Management • Portfolio Risk Management (VaR) • Economic Capital • Regulatory Capital • RAROC • Controlling • Limits Language: English Level: Intermediate Price: SEK13,500 NOK 11,500

RISK MANAGEMENT

Risikostyring og kontrol

3. – 4. november, 2014, København

• Måling og styring af: Markedsrisiko Kreditrisiko

Likviditetsrisiko Operationel risiko

• Seneste regulering (CRD/CRR IV, EMIR) • Økonomisk kapital

• RAROC • Controlling • Limits

Sprog: Dansk Niveau: Middel Pris: DKK 11.500 OSLO AND STOCKHOLM

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RISK MANAGEMENT

Counterparty Risk, CVA and CCP

Advanced Internal Rating-Based

Approach for Practitioners

• Rules for Clearing OTC products • Central Clearing Parties (CCPs) • Counterparty Risk Management • Collateral Management • Netting

• Non-Centrally Cleared Derivatives • Measuring Counterparty Risk • Credit Value Adjustment (CVA) • Debt Value Adjustment (DVA) • Funding Value Adjustment (FVA)

• New Approaches for Pricing OTC-derivatives

• Understanding IRB Models and the IRB Risk Weight Function • Dynamics of Internal Rating Systems

• Building, Validating, and Using PD Models • Measuring Market, Workout and Implied LGD • Modelling PD and LGD in Low-Default Portfolios (LDP) • Measuring EAD of Loans, Credit Lines and OTC Derivatives • Backtesting and Validation of PD, LGD and EAD Models • Practical Applications of Internal Rating Models

Language: English Level: Intermediate Price: DKK 11.500 Language: English Level: Advanced Price: DKK 11.500 NEW COURSE

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BOND ANALYSIS

Det danske obligationsmarked

15. – 16. september, 2014, København

• Centrale aktører på det danske obligationsmarked • Markedskonventioner på det danske marked • Obligationstyper på det danske marked

• Beregning og analyse af kurs, pris og vedhængende rente • Beregning of fortolkning af den effektive rente

• Nulkupon rente og nulkupon-prisfastsættelse • Risikomål for obligationer

• Varighedsmål • Konveksitet

• Danske realkreditobligationer

Sprog: Dansk Formateriale: E-learning Niveau: Introducerende/ mellem Pris: DKK 11.500

”Extremely well-prepared course

with extensive theoretical focus

which was beyond my expectations.

Well done! I have lots of use of it in my

daily work.”

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BOND ANALYSIS

The Swedish Bond Market

September 17 - 18, 2014, Stockholm

• Bonds Traded on the Swedish Market • Market Conventions

• Calculating and Understanding Yield-to-Maturity • Clean price, Dirty Price and Accrued Interest • Understanding Bond Risk Measures • Duration and Convexity

• Zero Coupon Pricing • Zero Coupon Yields • Inflation-Linked Bonds • The Corporate Bond Market

Language: English Pre-course: E-learning Level: Introductory/ intermediary Price: SEK 13.500

BOND ANALYSIS

Corporate Bonds and Credit Trading

December 2 - 3, 2014, Copenhagen

• Why Trade Credit Risk?

• Ratings, Rating Transitions and Transition Matrices • The Corporate Bond Market

• Issuers, Market Conventions and Pricing Methodology • Covenants

• Credit-linked Notes • Credit Spread Trading

• Other Tools for Credit Risk Trading • Credit Default Swaps

• Collateralised Debt Obligations • Swap Futures Language: English Level: Intermediate Price: DKK 11.500

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BOND ANALYSIS

Danske realkreditobligationer

• Realkreditmarkedets opbygning • Ratings og kreditrisiko

• Ny lovgivning til eliminering af refinansieringsrisiko • Mulige konsekvenser af nye likviditetskrav • Prepayment modeller

• Låntageradfærd • Gevinstkrav • Teoretisk pris • Option adjusted spread • Optionsjusteret risiko • SDO-lovgivning

• Produkter i kølvandet på SDO-lovgivningen

Sprog: Dansk Niveau: Middel Pris: DKK 11.500

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FINANCIAL MARKETS

Introduktion til de finansielle markeder

• De finansielle markeders opbygning • Aktører på finansmarkederne: • Nationalbanken • Børsen • Bankerne • VP Securities • Emmitenter og investorer • Pengemarkedet • Valutamarkedet • Obligationsmarkedet • Aktiemarkedet • Handelskonventioner • Prissætning og risiko

Sprog: Dansk Niveau: Introducerende Pris: DKK 11.500

FINANCIAL MARKETS

Introduction to the Financial Markets

November 10 - 11, 2014, Stockholm

November 12 - 13, 2014, Oslo

• The Financial Markets

• The Central Bank (Riksbanken/Norges Bank) • The Exchange

• The Banks • Clearing Houses • Issuers and Investors • The Money Market • The FX-Market • The Bond Market • The Stock Market • Trading Conventions • Pricing and Risk

Language: English Level: Introductory Price: SEK 13.500 NOK 11.500 OSLO AND STOCKHOLM

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FINANCIAL MARKETS

Understanding Economic Indicators and their

Impacts on Financial Markets

• Introduction to Economic Indicators • Macroeconomics and Financial Markets

• The Importance of Fiscal and Monetary Policy for Financial Markets • Leading, Lagging and Coincident Indicators

• Yield Curves, Stock Prices, VIX, and Inflation Indicators • The Impact of Economic Releases on Financial Markets • Investing Implications • Accounting Language: English Level: Intermediate Price: DKK 11.500

FINANCIAL MARKETS

Introduction to the Back-office

September 10 - 11, 2014, Copenhagen

• The Role of Back-Office in the Organization • The Flow of Transactions

• Clearing Houses

• Central Securities Depository (CSD)

• International Central Securities Depository (ICSD) • Custodians and Accounts

• Static Data for Stocks, Bonds and Derivatives • Settlement Instructions

• Continuous Linked Settlement (CLS) • Corporate Actions

• Confirmation and Controls • Accounting

Language: English Level: Introductory Price: DKK 11,500 NEW COURSE

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PORTFOLIO MANAGEMENT

Porteføljestyring med renteprodukter

13. – 14. november, 2014, København

• Strategisk og taktisk allokering • Optimering med risk budgeting • Delta og komponent VaR • Expected Tracking Error

• Attribution analyse for renteprodukter • Currency overlay management • Sharpe Ratio og Information Ratio • Performance-måling for renteprodukter

Sprog: Dansk Niveau: Mellem Pris: DKK 11.500

PORTFOLIO MANAGEMENT

Fixed Income Portfolio Management

November 24 - 25, 2014, Stockholm

• Strategic and Tactical Allocation for Fixed Income Portfolios • Optimisation using Risk Budgeting

• Using Delta and Component VaR • Delta and Component Tracking Error • Currency Overlay Management • Fixed Income Attribution Analysis • Scenario Generation

• Fixed Income Performance Measurement

Language: English Level: Intermediate Price: SEK 13,500 NEW COURSE

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PORTFOLIO MANAGEMENT

Performance Measurement

October 23 - 24, 2014, Copenhagen

• Problems with Performance Measurement • Return Calculation in Practice

• Benchmark Construction

• Implementing Risk Adjusted Measures • Sharpe, Jensen and Treynor

• Tracking Error • Information Ratio • Attribution Analysis

• Derivatives and Return Measurement

• GIPS: Global Investment Performance Standards

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FINANCIAL APPLICATIONS

Excel in Finance (I)

September 22 - 23, 2014, Copenhagen

• The Financial Library • Day Count Conventions • Goal Seek and Solver • Matrix Calculations • Regression Analysis • Data Analysis • Charts • Pivot Tables • Scenario Analysis • Auditing your Spreadsheet • Drop-downs, Forms etc

Language: English Level: Introductory Price: DKK 11,500

FINANCIAL APPLICATIONS

Excel in Finance (II)

• The VBA Environment • Variables and Naming • Objects and Ranges • Conditional Actions • Loops and Debugging • Message and Input boxes

• Build your own: Macros, Procedures and Functions • VBA in Financial Cases

– using the Built-in Functionality

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Instructors

“The instructors have excellent English and teaching skills – they

use good examples and have a very down to earth way of

explain-ing everythexplain-ing”

Jørgen Just Andresen

Jørgen Just Andresen is partner at Financial Training Partner A/S. Prior to co-founding Financial Training Partner in 2002, he was chief financial consultant at SimCorp’s course department where he started in 1996. Before joining SimCorp he worked at Danske Bank with fixed income re-search and fixed income sales.

He holds an M.Sc. (international finance) and an HD (accounting). Jør-gen Just Andresen is also an external lecturer at CopenhaJør-gen Business School and author of the book Finansiel Risikostyring (Financial Risk Management).

Ulrik Strandgaard

Ulrik Strandgaard is partner and managing director at Financial Training Partner A/S, which he co-founded in 2002. He was head of the course department at SimCorp A/S which he joined in 1995. From 1991-1995 he worked for Bikuben Børs as the head of fixed income research. M.Sc. (Econ) from University of Copenhagen and a BA (Business) from University of Melbourne. Ulrik Strandgaard is also an external lecturer on Copenhagen Business School (CBS).

On very specialized topics, we use highly reputable external specialists from the financial sector.

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September Course Location Page

4-5 Introduktion til de finansielle markeder CPH 14

8-9 Danske realkreditobligationer CPH 13

10-11 15-16 17-18

Introduction to Back-office Det danske obligationsmarked The Swedish Bond Market

CPH CPH STO 15 11 12

22-23 Excel in Finance (I) - Using the Built-in Functionality CPH 18

October Course Location Page

6-7 Introduktion til derivater CPH 6

8-9 Fixed Income Derivatives STO 7

21-22 Rentederivater CPH 8

23-24 Performance Measurement CPH 17

November Course Location Page

3-4 Risikostyring og kontrol CPH 9

5-6 Pricing and Trading Swaps CPH 7

10-11 Introduction to the Financial Markets STO 14

12-13 Introduction to the Financial Markets OSL 14

13-14 Understanding Economic Indicators CPH 15

13-14 Porteføljestyring med renteprodukter CPH 16

17-18 Counterparty risk, CVA and CCP’s CPH 10

20-21 Excel in Finance (II) - Introduction to VBA Programming CPH 18

24-25 Fixed Income Portfolio Management STO 16

27-28 Advanced IRB-approach CPH 10

December Course Location Page

2-3 Corporate Bonds and Credit Trading CPH 12

5 8-9 10-11

New Regulation in the Financial Markets – an Update Introduction to Derivatives Introduction to Derivatives CPH STO OSL 8 6 6

January Course Location Page

19-20 Risk Management and Control STO 9

21-22 Risk Management and Control OSL 9

Courses Autumn 2014/2015

CPH: STO: OSL: Copenhagen Stockholm Oslo