Training seminars

//Training seminars
Training seminars 2018-09-11T08:09:15+00:00

CDI offers 6 to 9 hour training modules, covering a variety of topics that are essential to understanding derivative instruments.

This modular training offers a la carte courses, particularly suitable for professions in or near derivatives on a regular basis. Among those enrolled in these courses are accountants, attorneys, back office personnel, corporate treasurers, company directors, retail brokers, auditors, and compliance experts.

The complete training program represents a total of approximately 90 hours of training and provides a complete update of knowledge on derivatives and structured products, the functioning of their markets, strategies, risk management, back-office operations and accounting for these instruments. For those with no experience in the field, it is recommended to start with the introductory module.

INTRODUCTION TO DERIVATIVES

(9 hours) | Training accredited by CECAP 

TOPICS
  • Overview of derivative securities (futures, forwards, swaps and options)
  • Main market places (OTC vs. exchanges), regulation and participants
  • Speculative, arbitrage and hedging strategies using derivatives
  • Risks associated with derivatives positions and transactions

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STOCK AND INDEX DERIVATIVES

(9 hours) | Training accredited by CECAP 

TOPICS
  • Stock index futures
  • Stock options
  • Index options
  • The interbank market for equity derivatives

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FOREIGN EXCHANGE DERIVATIVES

(6 hours)

TOPICS
  • The spot market
  • Futures and forwards
  • The options market
  • The management of a currency options portfolio

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INTRODUCTION TO DERIVATIVES ON FIXED INCOME

(9 hours)

TOPICS
  • Basic concepts on fixed income securities (price, yield curve, duration, etc.)
  • Bond futures
  • Bond and interest rate options
  • Forward rate agreements
  • Interest rate swaps and swaptions
  • Bonds with options

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INTRODUCTION TO ENVIRONMENTAL AND CLIMATE DERIVATIVES

(6 hours)

TOPICS
  • Description of climate and environmental derivatives
  • Strategies to use these derivatives
  • The mechanics of how these markets operate
  • The carbon market: Challenges and opportunities
  • Lessons from international markets

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INTRODUCTION TO CREDIT DERIVATIVES

(9 hours)

TOPICS
  • Introduction to credit derivatives
  • CDS
  • CDS indices
  • CDO and CDO squared
  • The Canadian ABCP Portfolio

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STRUCTURED PRODUCTS

(6 hours) | Training accredited by CECAP 

TOPICS
  • Introduction (history, the Canadian structured products industry, basics of a structured note)
  • Structured notes on interest rates (structures, risks, behavior)
  • Structured notes on stocks (structures, risks, behavior)
  • Why invest in a structured note? (institutional investors, retail investors)

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BACK OFFICE OPERATIONS

(9 hours) | Training accredited by CECAP 

TOPICS
  • The structure of Operations involved with derivatives
  • The life cycle of a transaction, from initiation to maturity
  • Focus on the specifics of the different asset classes
  • Impacts and challenges of new laws and rules
  • Operational risk management
  • The profile of human resources in Operations

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RISK MANAGEMENT

(9 hours) | Training accredited by CECAP 

TOPICS
  • Financial institution risk management (middle office operations, Basel regulations)
  • Risk management of pension funds
  • Enterprise cash risk management (coverage and monitoring of strategies)

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ACCOUNTING OF DERIVATIVES

(9 hours)

TOPICS
  • Recognition according to different accounting standards
  • Fair value measurement
  • Hedging strategies
  • Hedge accounting: requirements, documentation, tests, accounting
  • Upcoming changes

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DERIVATIVE INSTRUMENTS: LEGAL ASPECTS AND REGULATORY COMPLIANCE

(9 hours) | Training accredited by CECAP 

TOPICS
  • Global initiatives on derivatives (ISDA standardized legal documentation, specific legal aspects, ability to contract)
  • Suitability for the investor-client
  • Multilateral clearing (netting) arrangements
  • The Quebec legislative initiative and the scope of the Derivatives Act

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