Explain the main purposes of trading in a margin account Differentiate between the Regulation T requirement and the maintenance requirement in a margin account Understand the role of SMA in margin trading Calculate margin excess and margin calls, as well as buying Learn More>>
Understand the principle of Interest Rate Parity Calculate forward rates Understand the various ways forward rates are quoted Use forward foreign exchange contracts for a variety of purposes, including hedging investment positions, speculation, and arbitrage opport Learn More>>
Calculate the theoretical value of an option, using a binomial tree Use basic statistics to derive option value Discuss how the characteristics of options affect their value Calculate the impact of volatility on an option Calculate the intrinsic value and time... Learn More>>
Define the players in the life of a trade, including broker/dealers, clearing corporations, and depositories. Describe how trades are executed in the marketplace. Understand how key areas in broker/dealer operations, including order management, trade processing,... Learn More>>
Calculate DV01 for a single bond and a portfolio of bonds Group, or bucket, risk using DV01 Understand and apply the concept of convexity to a bond portfolio Calculate modified duration Recognize the limitations of duration and convexity Learn More>>
Explain the use and characteristic features of exotic options Contrast the payoff profiles and corresponding risks of various exotic options State the potential uses of exotic options in hedging Learn More>>
Understand how bonds are quoted, traded and priced Calculate accrued interest and invoice price Distinguish between bills, STRIPS and bonds Learn More>>
Explain how operational risk differs from market risk and credit risk Identify categories and examples of operational risk Use an appropriate methodology for assessing and managing operational risk Explain reporting requirements and other Basel II Accord regulatio Learn More>>
Define a repo and describe its function Price a repo transaction Calculate carry and the forward price of a bond bought for forward settlement Learn More>>
Define the types of investments used in trusts that fall within these categories: Cash and liquid, fixed income, equity, mutual fund, and other Describe the methods used to select and analyze stock and bond investments Explain the mechanics of portfolio... Learn More>>
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