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Capital Markets Overview

A half-day webinar by experienced trainer


City Training UK

Summary

Price
£600 inc VAT
Or £50.00/mo. for 12 months...
Study method
Online + live classes
Duration
3 hours · Part-time
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free
Additional info
  • Tutor is available to students

Overview

In this training participants will cover the main functions of the capital markets and key debt and equity products

Resources

  • Capital Markets Fundamentals - Outline - download

Description

Session 1

Capital Markets Fundamentals

In this session participants will cover the main functions of the capital markets. Most importantly, the key players, banks and investors are covered in detail. Participants will then examine the life of a corporate and review the funding options.

  • What financial markets do?
  • Who are the major players?
  • Domestic and international capital markets
  • Debt versus equity
  • Primary versus secondary market
  • Distinguishing between retail, corporate and investment banking
  • Buy side versus sell side
  • League tables, equity & debt underwriting
  • Loan and bond markets
  • Corporate advice and finance
  • Where transactions take place: Exchanges vs. OTC vs. ECNs
  • The buy-side industry/investors
  • Active vs. passive investment management
  • Asset allocation

Session 2

Debt Capital Markets

In this session participants will cover the main debt products available to corporates. The bond issuance process and key documentation are discussed. Both long and short term, and public and private financing options are explained

  • The corporate lifecycle and debt financing options
  • Bond issuance process
    • Due diligence
    • Prospectus
    • Roadshow
    • Syndicate and bond allocation
    • Market making and after-market
  • Short-term debt funding
    • Overdraft/ Revolving credit facility/Commercial paper
  • Long- term debt funding
    • Bank debt
    • Publicly issued bonds

Session 3

Equity Capital Markets

In this session we introduce equity markets and products. We will drill down on the characteristics of equity and introduce comparable and fundamental equity valuation. We will focus on the life-cycle of equities, starting with the Initial Public Offering and moving afterwards to secondary offerings (rights issues, accelerated book building, bought deals, etc.). We will also look to the secondary market, including motivations of investors, as drivers of the cost of equity.

  • Types of shares
  • Equity markets and trading systems
  • Cum and ex-div prices
  • Introduction to equity pricing
  • Initial public offering - company life cycle, pros and cons
  • Initial public offering process - quick overview of process
  • ECM role and fees
  • The need for re-capitalization and follow-on placements, including private placements and rights issuances as alternatives
  • ABBs (Accelerated book build)
  • Rights issues
  • Process and recent market deals
  • Pros and cons of various processes

Session 4

Derivative and Risk Management

  • What does treasury do?
  • Defining different types of risk
  • Hedging foreign exchange risks
  • Covering interest rate risk
  • Understanding commodities risk
  • Overview of key products: futures, forward, options, swaps

Who is this course for?

  • Junior sales traders
  • Junior investment managers
  • Legal professionals in capital markets
  • All other interested Finance professionals

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.

Certificates

Certificate of completion

Digital certificate - Included

Reviews

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

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An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.