First Time Attending a Virtual Instructor Led Training?
This session is not a typical webinar, but an interactive training course with a live instructor. This hands-on session will include instructor-led discussions, written exercises, and online questions or polls. You will be able to download the course materials and print them out or view them electronically. So, have your choice of writing utensil handy – whether to write with a traditional pen or pencil on paper or to write directly on the PDF documents! And if you are viewing the PDF it might help to have two screens, but it is not essential. Tip: You can use a laptop and a tablet!
Digital Assets, Cryptocurrency, and Blockchain Series
A digital asset is a blanket term that isn’t limited to bitcoin. It is a tokenized asset that is issued in a public ledger and does not necessarily derive its value from a blockchain’s economic use case. Further, applications of digital assets are not limited to a payment system. A digital asset utilizes cryptography, peer-to-peer networking and a public ledger to regulate, verify and secure the transactions without the intervention of a middleman.
- Blockchain and the Future of Global Financial Markets – Parts 1 and 2 – Thursday and Friday, May 7 and 8 – 1:00-3:00 p.m. ET
- From Cashless to Tokenized Economy – Parts 1 and 2 – Thursday and Friday, May 14 and 15 – 1:00-3:00 p.m. ET
- Investing and Trading in Digital Assets – Parts 1 and 2 – Thursday and Friday, May 28 and 29 – 1:00-3:00 p.m. ET
Portfolio Management Series
Portfolio managers may attempt to beat or match an index or specific liability structure. However, the process of choosing a strategy and investing within said strategy is crucial to meeting the goals of the asset manager, institutional, or individual investor. Choosing an optimal asset mix, as well as determining which is best suited given a specific risk tolerance is fundamental to the task. The portfolio manager must consider many risk factors, including market risk, credit risk, and liquidity risk.
- Portfolio Management – Wednesday, April 29 – 1:00-3:00 p.m. ET
- Asset Allocation – Thursday, April 30 – 1:00-3:00 p.m. ET
Structured Products Series
Structured products take a traditional instrument, such as a bond, combine it with a derivative, such as an option, creating a payoff that is associated with the derivative. For example, combining a bond with a call option on the S&P 500 may yield a return associated with the S&P 500 versus a traditional fixed income note.
There are many varieties of these securities with a wide range of names including equity linked notes, interest rate linked notes, commodity linked notes, and foreign exchange linked notes. Many of them have an additional feature whereby the principal is protected, i.e., the investor is guaranteed to receive 100% of their investment back. This of course assumes the issuer of the structured note remains solvent!! These are commonly referred to as principal protected notes.
Risk Management Series
Risk management refers to the identification, monitoring, measurement, management and controlling of risk. It is a structured process where risk is defined as an unexpected event. Banks, credit unions, insurance companies, pension funds, mutual funds, asset managers and institutional investors will have a formalized process to manage the many risks encountered in their businesses including interest rate risk, foreign exchange risk, commodity risk, equity risk, liquidity risk, operations risk, and model risk to name a few.
- Risk Management – A Foundational Approach – Monday, May 4 – 1:00-3:15 p.m. ET
- Model Risk Management – Tuesday, May 5 – 1:00-3:00 p.m. ET
- Operational Risk Management – Wednesday, May 6 – 1:00-3:15p.m. ET
- Capital Adequacy and Stress Testing – Friday, May 8 – 1:00-3:00 p.m. ET
From asset-backed securities to credit-linked notes, our securitization courses are designed to include all aspects of securitization. Securitization is the process through which loans or debts are pooled together to create a new debt security. Although corporate debt is typically an IOU, by which the issuer agrees to pay interest in addition to repaying the principal amount borrowed, the note created in the securitization process relies on the underlying loans used in the pooling process to pay interest and repay debt.
Once created, securitized notes may then be issued as a single note or sliced up to create different tranches, such as in Collateralized Mortgage Obligations (or CMO’s) or Commercial Mortgage Backed Securities (or CMBS). No matter what the underlying loan, investors look to the underlying cash flows to ensure interest and principal payments are made.
- Agency and Non-Agency Mortgage Backed Securities (MBS) – Tuesday, May 12 – 1:00-3:00 p.m. ET
- Collateralized Loan Obligations (CLOs) – Wednesday, May 13 – 1:00-3:00 p.m
- Securitization – Thursday, June 25 – 1:00-3:30 p.m. ET
What happens after the trade is made? From the inception of a customers’ order to the settlement of the trade, operations play a vital role. Operations covers a wide variety of areas and topics including: trade execution and capture, trade enrichment, trade validation, transaction reporting, trade settlement, settlement failure, safe custody/safekeeping, custodians, corporate actions and reconciliation.
- Lifecycle of a Trade – Monday, May 18 – 1:00-3:00 p.m. ET
- Fails and Fails Management – Tuesday, May 19 – 1:00-3:00 p.m. ET
- Lifecycle of a Trade – Foreign Exchange – Wednesday, May 20 – 1:00-3:00 p.m. ET
- Lifecycle of a Trade – Commodities – Thursday, May 21 – 1:00-3:00 p.m. ET
Today’s numerous regulation and compliance requirements continue to expand ever since the credit crisis hit the financial services industry hard. Whether you are an investment advisor, broker/dealer, hedge fund or financial institution, there doesn’t seem to be any end in sight.
On the regulatory compliance side — anti-money laundering, anti-fraud, anti-corruption, supervision, suitability, books and records, and the SEC Net Capital Rule — all continue to remain at the forefront of the industry’s concerns. The newer regulations, including the Volcker Rule, Basel III and the Dodd-Frank Act, have created even more extensive compliance requirements, resulting in added costs to the financial services industry.
- Broker/Dealer Compliance – Parts 1 and 2 – Tuesday and Wednesday, May 26 and 27 – 1:00-3:30 p.m. ET
- Hedge Fund Compliance – Parts 1 and 2 – Thursday and Friday, May 28 and 29 – 1:00-3:30 p.m. ET
- Mutual Fund Compliance – Parts 1 and 2 – Monday and Tuesday, July 6 and 7 – 1:00-3:30 p.m. ET
Introduction to Capital/Financial Markets Series
Capital markets refers to the channeling of money from lenders of cash, such as asset managers, to those who need to borrow money, such as corporations and governments. Traditionally, capital markets implied equities and fixed income securities. Today, the lines are blurred between these traditional markets and foreign exchange and derivatives. There are a plethora of instruments, and an abundance of terminology. Executing market transactions, in both the primary and secondary markets, would also come under the umbrella of capital markets. This introductory series familiarizes participants with several components:
- Introduction to Capital/Financial Markets – Monday, June 15 – 1:00-3:00 p.m. ET
- Introduction to Equity Markets – Tuesday, June 16 – 1:00-3:00 p.m. ET
- Introduction to Fixed Income – Wednesday, June 17 – 1:00-3:00 p.m. ET
- Lifecycle of a Trade – Thursday, June 18 – 1:00 – 3:00 p.m. ET
These training sessions in this series are delivered in 2-hour-long segments on different days, allowing participants the flexibility to fit them into their schedules.
Fixed Income Series
The US Fixed Income Market makes up approximately 40% of the global fixed income market or $40 trillion. The fixed income markets include government and corporate debt, municipal securities, agency debt, securitized products and financing tools such as repurchase agreements (repos). Technology and regulation have changed the landscape of what was once a predominantly bilateral market. Investment banks, which dominated the space prior to the credit crisis, have now pulled back as it has become a more capital-intensive business. How do portfolio managers and traders make their investment/trading decisions? What happens after the trade is made? This fixed income series answers these questions and much more through the following training sessions:
- Fixed Income Instruments and Their Electronification – Monday, June 22 – 1:00-3:00 p.m. ET
- Pricing Bonds – Tuesday, June 23 – 1:00-3:00 p.m. ET
- Fixed Income Risk Measurements – Wednesday, June 24 – 1:00-3:00 p.m. ET
- Securitization – Thursday, June 25 – 1:00-3:30 p.m. ET
- Repurchase Agreements – Friday, June 26 – 1:00-3:00 p.m. ET
These training sessions are delivered in 2- to 2.5-hour-long segments on different days, allowing participants the flexibility to fit them into their schedules.
Derivatives are contracts that derive their value from some underlying asset such as a fixed income security, an equity security, or a commodity. Derivative contracts can also derive their value from an interest rate, an exchange rate, an index, or even an event such as a credit default. Derivatives may trade on an exchange or over-the counter (OTC). If trading on an exchange, derivative contracts are standardized versus OTC where the contracts are customized. There are a variety of derivative products including futures, forwards, interest rate and currency swaps, options, caps/floors, and credit default swaps. Derivatives are used for a variety of reasons including hedging, speculating, increasing yield, and replication. GFMI’s Derivatives Series addresses interest rate swaps, financial futures, options, lifecycle of a derivatives trade, and credit default swaps. The courses are stand-alone so you can choose all of the courses or just the ones that pique your learning interest.
- Interest Rate Swaps – Monday, July 13 – 1:00-3:00 p.m. ET
- Financial Futures – Tuesday, July 7 – 1:00-3:00 p.m. ET
- Options – Monday, July 6 – 1:00-3:00 p.m. ET
- Credit Default Swaps – Thursday, July 9 – 1:00-3:00 p.m. ET
- Lifecycle of a Derivatives Trade – Friday, July 10 – 1:00-3:00 p.m. ET
Asset Liability Management (ALM) refers to the management of various risks found in banks’ and credit unions’ balance sheets, including interest rate, prepayment, credit, liquidity, and operational risk. This two-session course focuses on interest rate and liquidity risk. From a regulator’s viewpoint, specific focus is on the identification, measurement, monitoring, and controlling of these risks. ALM is not an exact science, but a process that, if executed properly, is built into banks’ and credit unions’ cultures. The process begins with the asset liability committee, commonly referred to as ALCO. Part I of this course addresses interest rate risk (IRR) with models running from simple static gaps, to the more complex models of income simulation and economic value of equity. Part II of this course analyzes how banks and credit unions manage liquidity risk, including liquidity contingency plans. Note: The target audience for this course is not large complex banking organizations
- Asset Liability Management (ALM) in Banks and Credit Unions – Part I – Monday, June 29 – 1:00-3:00 p.m. ET
- Asset Liability Management (ALM) in Banks and Credit Unions – Part II – Tuesday, June 30 – 1:00-3:00 p.m. ET
Group Internet Based
Field of Study
For information contact:
Ms. Mindy Kapner
Complaint Resolution Policy
If you are dissatisfied with our learning courses, all grievances will be handled by:
Ms. Mindy Kapner
Global Financial Markets Institute, Inc. is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the national Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.