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- Credit Default Swaps (CDS) - Pricing, Applications & Features
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- Education
- III. Specialist Programmes
- Credit Default Swaps (CDS) - Operations
Credit Default Swaps (CDS) - Operations
Objectives
The course is aimed at developing a foundation in the secure and controlled processing of Credit Default Swaps within a financial institution. This course is equally relevant to the buy-side and sell-side of the business. The course explores the lifecycle of a CDS transaction, the events that can occur during the lifetime of a CDS contract, the embedded risks associated with such events, and the methods employed to process such transactions in a secure manner. The course also focuses on current initiatives and trends in the processing of CDS transactions.
Target Audience
This course is suitable for staff that are new to the subject of CDS operations, and for those that are currently working within a CDS operations function and who require an understanding of the overall lifecycle (and associated events) relating to such transactions. The course is also suitable for anyone wishing to gain a thorough understanding of CDS processing, including regulators, clearing organisations, risk managers and lawyers.
Attendees of this course will possess a basic understanding of 1) credit derivative products (in particular Single Name CDS), and 2) debt/fixed income securities. These topics are covered in the Credit Default Swaps (CDS) - Pricing, Applications & Features course.
Length and Structure of the Course
The course consists of one day of lectures, case studies and group exercises. The day consists of four 90 minute sessions with coffee breaks in the morning and afternoon and lunch break in the middle. There is no exam for this course but candidates will receive a certificate of attendance.
Course Tutor
Mike Simmons
Mike is an independent training consultant and has been involved with the capital markets and operations throughout his career, focusing originally upon securities operations and in recent years on derivative operations and transactions involving collateral (including securities lending & borrowing). Mike is the author of two books on Operations “Corporate Actions: A Guide to Securities Event Management” and “Securities Operations: A Guide to Trade & Position Management” both published by Wiley Finance. Mike is also a regular instructor on the ICMA Operations Certificate Programme.
The course is aimed at developing a foundation in the secure and controlled processing of Credit Default Swaps within a financial institution. This course is equally relevant to the buy-side and sell-side of the business. The course explores the lifecycle of a CDS transaction, the events that can occur during the lifetime of a CDS contract, the embedded risks associated with such events, and the methods employed to process such transactions in a secure manner. The course also focuses on current initiatives and trends in the processing of CDS transactions.
Target Audience
This course is suitable for staff that are new to the subject of CDS operations, and for those that are currently working within a CDS operations function and who require an understanding of the overall lifecycle (and associated events) relating to such transactions. The course is also suitable for anyone wishing to gain a thorough understanding of CDS processing, including regulators, clearing organisations, risk managers and lawyers.
Attendees of this course will possess a basic understanding of 1) credit derivative products (in particular Single Name CDS), and 2) debt/fixed income securities. These topics are covered in the Credit Default Swaps (CDS) - Pricing, Applications & Features course.
Length and Structure of the Course
The course consists of one day of lectures, case studies and group exercises. The day consists of four 90 minute sessions with coffee breaks in the morning and afternoon and lunch break in the middle. There is no exam for this course but candidates will receive a certificate of attendance.
Course Tutor
Mike Simmons
Mike is an independent training consultant and has been involved with the capital markets and operations throughout his career, focusing originally upon securities operations and in recent years on derivative operations and transactions involving collateral (including securities lending & borrowing). Mike is the author of two books on Operations “Corporate Actions: A Guide to Securities Event Management” and “Securities Operations: A Guide to Trade & Position Management” both published by Wiley Finance. Mike is also a regular instructor on the ICMA Operations Certificate Programme.
ICMA Executive Education
