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Exploring the Essential Features of “Andrew Loo – Short Duration Products – CFI Education”
Short Duration Products
To succeed in a treasury, market-making, financing, risk, or portfolio management career, you must have a keen understanding of the material in this course as so much of the Capital Market’s liquidity is invested in short-dated instruments.
- Recognize the importance of short duration products in the capital markets
- Learn the features of the most common short duration instruments
- Analyze the different types of short-dated derivatives
Overview
Short Duration Products Course Overview
In this Short Duration Products course, we will explore the many different mechanics, uses, and groups involved in issuing and investing in short-duration products. Short duration products are widely used for investing and financing purposes. This course will dive into money market instruments and short-dated derivatives. These products are some of the most liquid products on the market. By learning about short duration products, you will open your knowledge base for careers in treasury, market making, financing, risk management, and asset management.
Short Duration Products Learning Objectives
Upon completing this course, you will be able to:
- Recognize the mechanics, uses, and groups involved in short duration products
- Recall the features and characteristics of money market instruments
- Identify the issuers and uses of money market instruments
- Analyze different types of short-dated derivatives and their features
Who Should Take This Course?
This Short Duration Products course is perfect for anyone who would like to build up their understanding of capital markets. This course is designed to equip anyone who would like to begin their career in treasury, risk management, asset management, market-making sales & trading by equipping them with the fundamental knowledge of some of the most widely traded products in the world; short duration products.
What you’ll learn
Introduction
Course Introduction
Downloadable Files
Duration
Short Duration Definition
Short Duration Products
Uses of Short Duration Products
Players in Short Duration Products
Short Duration Rates
Rates View on Refinitiv
Policy Rates
Fed Funds Rate
Eurodollars
Case Study: How LIBOR Failed
Interactive Exercise 1
Day Count
Money Market Instruments
Money Market Instruments
Credit Ratings
Types of Money Market Instruments
Benefits and Risks of Money Market Instruments
Quoting Money Market Instrument Prices
Discount Yield & Money Market Yield
Government Money Market Issuance
US Treasury Bills
German Bubills
UK Treasury Bills
Japanese Treasury Bills
Interactive Exercise 2
Supranational Debt
World Bank Discount Note (IBRDDN)
Agency (GSE) Discount Notes
Fannie Mae (FNMA) & Freddie Mac (FHLMC)
Federal Home Loan Bank System (FHLB)
Farmer Mac (FAMC) & Farm Credit (FFCB)
Interactive Exercise 3
Commercial Paper (CP) & Euro-Commercial Paper (ECP)
Asset-Backed Commercial Paper (ABCP)
Certificate of Deposit (CD)
Banker’s Acceptances (BA)
Issuance Programs
Trading Money Market Instruments
Midway Check-in
Short-Dated Derivatives
Short-Dated Derivatives
Benefits and Risks of Derivatives
Exchange-Traded vs. Over-the-Counter (OTC)
Futures vs. Forwards
Money Market (STIR) Futures
Secured Overnight Financing Rate (SOFR)
Sterling Overnight Index Average (SONIA)
Futures
Long and Short Positions in STIR Futures Contracts
Eurodollar Futures
Forward Rate Agreements (FRA)
Forward Rate Agreements (FRA) – Math Example
Interactive Exercise 4
Options Contracts
Options on Futures
Reasons to Trade Options on Money Market Futures
Eurodollar Futures Options
Swaps
Plain Vanilla Swap
Interest Rate Swap Uses
Types of Short-Dated Swaps
Interpreting Short-Dated Spreads
Hedging Rates Using Option Hedges
Other Methods to Trade Short-Dated Derivatives
Course Summary
Qualified Assessment
Qualified assessment
Please see the full list of alternative group-buy courses available here: https://lunacourse.com/shop/
