Advanced Securities & Markets

The Advanced Securities & Markets Seminar is designed to give the attendee an advanced, thorough knowledge of some of the more complex public securities available in today's fast-paced markets as well as some of the trading techniques used in conjunction with these instruments.

During the Advanced Securities & Markets Seminar, the attendee will focus on learning about the more advanced securities and many of the derivative securities spawned because of them. There will be discussion as to where these instruments are traded, who trades them and who buys them. Because they make up such a large portion of institutional holdings, there will be a special focus on many of today's high tech debt securities as well as the vast array of mortgage and asset instruments. Since the accounting issues relating to these securities can vary widely depending upon the basis used, statutory, GAAP or tax, there will be a discussion relating to these differences. Of course, the systems issues which result from the above will be covered in detail.

The Advanced Securities & Markets Seminar is ideal for anyone who needs a more detailed knowledge of the types of securities available in today's marketplace and how to account for them.

• How Fundamental & Technical Analysis Methods Apply to Equity and Debt Securities as well as to Options and Futures
• Debt and Mortgage & Asset Backed Securities Concepts
• Amortization/Accretion
• Accrual Methods
• Sophisticated Debt Securities
• Pre-refunded Bonds
• High Yield “Junk” Bonds
• PIK (Payment In Kind) Bonds
• OID (Original Issue Discount)
• Sinking Fund Schedules
• Irregular Sinking Fund Schedules
• Full or Partial Calls
• Call & Put Provisions and Risks
• Variable Interest Rates
• VRDN (Variable Rate Demand Notes)
• Mortgage & Asset Backed Securities
  • Issuers & Agencies - GNMA, FNMA, FHLMC, SLMA, RTC, Investment Banks
  • CMO’s, REMICS’s, PAC’s, IO’s & PO’s
  • Good Delivery
  • Super IO’s & PO’s
  • Jump Z CMO’s
  • Converting TBA’s to Pools
  • MBS Dollar Rolls
  • Paydowns
  • Mortgage & Asset Backed Securities Paydown Processing
• Advanced Options Strategies as they apply to Institutional Investors
• Advanced Futures Strategies as they apply to Institutional Investors
• Derivatives
• In-House Open Order Management & Processing
• Selling Portfolio Assets - What, When & Why?
• Portfolio Performance Tracking
  • Measurement - Before Tax/After Tax
  • Concepts of Segmentation
  • The Concept of Asset/Liability Matching
  • Realized/Unrealized Gain/(Loss) Calculation
• Corporate Actions as they effect Information Processing
• GAAP (FAS 91 and 133), Statutory and Tax Accounting Issues