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Fundamental of Interest Rate Market

By: TSI Limited

Lagos State, Nigeria

04 - 06 Sep, 2017  3 days

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NGN 250,000

This training course aims to introduce the fundamental mechanisms and the main instruments of the interest rate market: monetary market, bond market, cash and derivatives. Practical applications and tests will illustrate the tackled notions.

Learning Objectives:

At the end of this session, participants will be able to:

  • Define the Interest Rate Market;
  • Identify instruments traded in the market; 
  • Demonstrate the process for creating an instrument in the market;
  • List market participants in an Interest Rate Market;
  • Explain Repo and Interest Rate Swap;
  • Identify risks prevalent in several products and hedging methods;
  • Demonstrate trading, delivery and settlement system.

Course Outline

  • Interest rates - calculation rules and methods
  • Interest rate types: proportional, discounted, continuous
  • Interest rate calculation conventions: monetary basis, discounted basis, bond basis
  • Introduction to the yield curve: zero coupon, forward
  • Cash and derivatives products market
  • Role of the Central Bank and monetary policy instruments
  • Organization of the monetary market: players, instruments, contracts
  • Monetary cash products: treasury bonds, TCN, commercial paper
  • Repo Market (Repurchase Agreement)
  • Cash and derivatives bond products
  • Primary bond market and secondary bond market
  • Bond characteristics: nominal rate, discounted rate, maturity, convexity, duration, sensitivity
  • Valuation of a bond with accrued interest
  • Interest rate swap: plain vanilla swap, basis swap, exotic swaps
  • Bond spread and reference swap rate
  • Hedging the interest rate risk and managing positions
  • Hedging the interest rate risk through various types of interest rate derivatives (fixed/optional): swaps and FRAs, caps/floors/collars, swaptions
  • Managing interest rate positions according to the yield curve : flattening, steepening, barbell, butterfly
Digital Age Halls,Capital Building,332,Ikorodu Road,Idiroko Bus Stop,Near LASU Anthony Lagos. Sep 04 - 06 Sep, 2017
NGN 250,000.00 + 12,500.00 (VAT)
(Convert Currency)

+1-646-202-8832, 08033467639, 08023019508

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