Derivatives

The Derivatives Seminar is designed to give the attendee an in-depth knowledge of these securities. The rapid increase in the use of these instruments among institutional investors has greatly increased the demands on accounting and systems professionals. This seminar will help the attendee gain a thorough understanding of how securities are structured, why they are important to portfolio management and the accounting and systems concerns which pertain to them.

During the Derivatives Seminar, the attendee will concentrate on gaining a broad, comprehensive knowledge of the various types of Derivative securities which are bought and owned by institutional investors. There will be discussion as to why these instruments are created, who creates them and why portfolio managers choose to use them. There will be substantial time spent on all the various types of Derivative securities with a concentration on swaps, forwards and the various "option based" securities. A portion of the time will also be spent on futures trading, hedging and the marketplace for Derivatives. Of course, all of the accounting and information management issues which result from the above will be covered in detail.

The Derivatives Seminar is ideal for anyone who needs to gain a comprehensive knowledge of the many variations of Derivative securities available in today's marketplace. Persons attending will also build an understanding of the terms and jargon associated with them.

• Complete Review of Derivative Types
• Mortgage and Asset-Backed
• Option Based
• Futures
• Swaps
• Forwards
• Complete Review of Security Development
• The Marketplace for Derivatives
• Mortgage and Asset-Backed Derivatives
• Interest Only (IO) and Principal Only (PO)
• IO’ettes and PO’ettes
• CMO Residuals
• Floaters
• Inverse Floaters
• Floater Combos
• Option Based Derivatives
• Exchange Traded Options
• Over-the-Counter (OTC) Options
• Futures Options
• Caps
• Floors
• “Lookback” Options
• Compound Options
• Futures
• Futures Contracts
• Futures Exchanges
• Hedging Strategies
• Interest Rate Futures
• Index Futures
• Currency Futures
• Swaps
• Interest Rate Swaps
• Currency Swaps
• Index Swaps
• Forward Contracts
• Accounting Issues
• GAAP (FAS 133, FAS 149 and FAS 157)
• Statutory
• Tax
• Information Processing Implications