CFA II (Part 7) – Fixed Income:
The CFA charter is one of the most respected designations in finance, considered by many to be the gold standard in the field of investment analysis. Its uses lay in various dimensions of the financial world, including portfolio management, treasury, risk management, Hedge Funds etc.
This is a CFA Curriculum – Fixed Income course and is designed for those who want to learn about bonds to appear for CFA examination. You would be learning about Spot rate & Forward Rate – Introduction and Spot Curve, Spot rate & Forward Rate – Forward Rate and Forward Price, The Forward Rate model, interpretation of forward rates, par curve, bootstrapping, yield to maturity, yield curve movement, riding up and down the yield curve, swap rate curves, why market participants use them, example, swap Spread, Z Spread, TED Spread, LIBOR-OIS Spread and many more concepts which is included in CFA Curriculum.
Course Objective:
- To summarize material in accordance to the Learning Outcome Statements provided by CFA institute
- To create a solid understanding of the ground concepts. This can then be carried upon by candidates in the levels ahead.
Target Customers:
- Students
- Professionals
- Others who are interested in a career in Investment Management
- Anyone who wants to learn about economic concepts and their explanation
Pre-Requisites:
Bachelor’s degree or equivalent. An exemption can be made where you can write the CFA level 2 if you
a) Are in the final year of your undergraduate program,
b) Have four years of professional experience, or
c) Have a combination of both, equating to at least four years.
Passion to learn. It is not an easy program to complete. It is considered as one of the toughest degrees to obtain in the financial world.
For any query give a miss call:
08587999769
Section 1 Fixed Income
1 Introduction to Fixed Income
2 Spot Rate and Forward Rate
3 Forward Rate and Forward Price
4 Forward Rate and Forward Price Continues
5 The Forward Rate Model
6 The Forward Rate Model Continues
7 Interpretation of Forward Rates
8 Par Curve and Bootstrapping
9 Yield To Maturity
10 Yield To Maturity Continues
11 Yield Curve Movement
12 Swap Rate Curves
13 Why Market Participants Use Them
14 Swap Spread and Z Spread
15 TED Spread and Libor OIS Spread
16 Traditional Theory – Expectations Theory
17 Trational Theory – Liquidity Preference
18 Segmented Market and Preferred Habitat
19 Modern Term Structure Models
20 The Vasicek Model
21 Yield Curve Factor Models
22 Yield Curve Factor Models Continues
23 Working on Example
24 Example of Steepness and Curvature
25 Meaning of Arbitrage Free Valuation
26 Meaning of Arbitrage Free Valuation Continues
27 Implications of Arbitrage Free Valuation
28 Interest Rate Trees
29 Arbitrage Free Valuation
30 Constructing Binomial Interest Rate Tree
31 Valuing Option Free Bond with Tree
32 Monte Carlo Method
33 Bond with Embedded Options
34 Extension and Conversion Option
35 Valuation and Analysis of Callable
36 Putable Bonds
37 Value of Callable and Putable Bond
38 Volatility
39 Effect of Interest Rate Volatility
40 Callable Bond and Call Option
41 Default Free Callable and Putable Bonds
42 Value of Risky Callable and Putable Bonds
43 Z Spread and OAS
44 Duration of Bond
45 Effective Duration
46 Effective Convexity
47 Effective Convexity Continues
48 Valuation and Analysis of Capped Floater
49 Floored Floating Rate Bonds
50 Key Rate Duration
51 Measures of Credit Risk
52 Measures of Credit Risk Continues
53 Traditional Credit Models
54 Example of Credit Rating
55 Structural Model
56 Structural Model Continues
57 Interpreting Structure Model CRM
58 Reduced Form Models
59 Example and Estimation
60 Using Logistic Regression Model
61 Term Structure of Credit Spreads
62 Asset Backed Securities
63 Convertible Bond
64 Analysis of Convertible Bond
65 Valuation of Convertible Bond
66 Risk Return Characteristics
67 Introduction and Benefits to Secularization
68 Costumer Loan
69 Secularization Process
70 Example of Secularization Process
71 Key Role of SPV’s
72 Residential Mortgage Loans
73 Residential Mortgage Loans Continues
74 Residential Mortgage Backed Securities
75 Measures of Pre Payment Rate
76 Cash Flow Construction
77 WAL Contraction Risk and Extension Risk
78 Collateralized Mortgage Obligation
79 Sequential Pay Structure with 4 Tranches
80 Floating Rate Tranches
81 Non Agency MBS
82 Commercial Mortgage Backed Securities
83 Call Protection and Ballon Risk
84 Non Mortgage Asset Backed Securities
85 Credit Card Rece. Backed Securities
86 Collaterized Debt Obligations
87 Collaterized Debt Obligations Continues
