Featured Course
Credit Default Swaps
Duration: 60 Minutes
Course Overview
At the end of this online session participants will be able to
- Describe how credit default swaps work
- Explain the key terms associated with credit default swaps
- Outline the uses of credit default swaps
- Discuss the credit default swap market
- Outline the factors affecting the value of a swap
- Discuss pricing of credit default swaps
- Highlight the risks of trading credit default swaps
Course Content
- What is a credit default swap
- Reference entity & reference obligation
- Credit risk
- Buyer & seller of protection
- Notional
- Spread
- Premium/fee
- Accrual basis
- Cash flows-coupons
- Credit event
- Types of credit default swaps
- The credit default swap market
- Market size and volumes
- Over-the-counter (OTC) markets
- Market participants
- A swap trade
- Markit RED – Reference Entity Database
- Trade confirmation
- ISDA master agreement
- Novation & assignment
- Expected developments
- Valuation & pricing
- What determines the value of a credit default swap?
- Pricing sources
- Bloomberg
- Uses of credit default swaps
- Risks associated with credit default swaps
Who should attend?
Fund and investment professionals with little or no experience of credit default swaps.
Participants should have a basic understanding of fixed income securities.
Organisation types: fund administration, investment management, treasury, trustee, banking, prime broker, audit.
FOR FURTHER DETAILS: email (JavaScript must be enabled to view this email address)
