PC Principles of Capital Markets

Description

Learn techniques we teach around the world...

Going beyond simply introducing the basic technical products, this course discusses theories, approaches, and relationships within the capital markets. Participants will learn to analyze current conditions and form educated views about future markets. Through interactive case studies using actual market data, participants will gain a thorough understanding of issuance, capital raising, and the secondary markets. The learning environment is highly engaging, and enhanced by live mini cases/projects/debates, and the use of tools like Excel and Bloomberg.

Case study based curriculum provides hands-on, real world, practical applications of the standards and methods that a professional needs.

Led by our experienced instruction team of former practitioners, you get a unique blend of industry insight combined with a passion for teaching. The average TTS instructor has been part of the team for 8.5 years.

What’s Included

Instructor-led classroom training
Ongoing instructor support
One-year online access to course materials and Excel files

Schedule
9:00 am to 5:00 pm each day with an hour lunch around noon and shorter breaks throughout the day.

Prerequisites
Fundamental knowledge of financial accounting: TTS recommends our self-study book, Fundamentals of Financial Accounting and Analysis. For additional information please visit TTSAcademy.com

What you will learn

Day 1:  Equity Capital Markets

Introduction to Capital Markets:

• Key securities and players
• Basics of capital structure
• Sources of liquidity

Equity Issuance:

• IPO process
• Pricing vs. valuation
• Greenshoe
• Follow-on offerings
• Rights issuance

Secondary Trading:

• Order types
• Free float
• Short interest

Day 2:  Debt Capital Markets

Fundamentals of Debt:

• Obligation
• Contract
• Series of cash flow

Credit Analysis:

• Security and collateral
• Subordination
• Covenants
• Credit ratings

Key Securities:

• Loans
• Bonds
• Hybrid instruments

Fixed Income Math:

• Compounding and discounting
• Net present value “NPV”
• Internal rate of return “IRR”
• Challenges and how to interpret the results

Bond Pricing:

• How bonds are quoted
• How the bond price is determined
• Trading “like a bond” on yield not price
• How yield is determined
• Price yield relationship