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Capital Markets Immersion

A Financial Markets Introduction

Starweaver Instructor Team and Paul Siegel

The "Capital Markets Immersion: A Financial Markets Introduction" program provides a solid and deep introduction to the global financial markets and capital markets. This course is designed to deliver a comprehensive, deep dive into the functions and roles played by modern financial institutions and their key lines of business. The program is intended for professionals (or those about to enter the business) with a foundational knowledge of the industry’s basic products and services, and how each function.

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The "Capital Markets Immersion: A Financial Markets Introduction" program provides a solid and deep introduction to the global financial markets and capital markets. This course is designed to deliver a comprehensive, deep dive into the functions and roles played by modern financial institutions and their key lines of business. The program is intended for professionals (or those about to enter the business) with a foundational knowledge of the industry’s basic products and services, and how each function.

You need not understand what a commercial or investment bank is, or how interest rates function to determine the price of bonds (fixed income) products. But, once you complete this course you will be able to speak comfortably about the industry and its products and services both from a bird's eye view, as well as the ground level.

This program is the most comprehensive course on the capital markets on Udemy.

The program's framework consists of lectures covering 7 separate topics:

1. The Capital Markets Road Map - Highlights the primary participants, issuers, investors, intermediaries in capital markets, what they trade there, and the applications to which market participants make use of the instruments and the roles they play.

2. Fundamental Financial Math - Introduces you to a wide variety of calculations and related concepts that are used by financial market participants in a plethora of applications - calculating prices, rates of return, and yields for example.

3. Yield Curve Dynamics - Covers a variety of issues relating to yield curves, their construction, and their use in a variety of analytical applications to assess risk and return.

4. Fixed Income Securities - Introduces you to the market for fixed income securities, provides you with a lot of details on the characteristics of fixed income securities in general, as well as discuss specific characteristics of specific sectors of the fixed income market - insurers, investors, and a wide variety of concepts relating to the analysis and validation of those securities.

5. Equity Products - Introduces equities by providing an overview of the types of products, including both direct and indirect products; and demonstrating types of shares and exchanges, investors, diversification and volatility.

6. Futures & Options - Introduces derivatives in general, to demonstrate the common features of derivatives and how they differ from other sorts of financial instruments. Futures and options contracts' key characteristics will be identified, and contract features, pricing, applications, risk management, and hedging will be discussed.

7. Interest Rate Swaps - A look at interest rate swaps in detail. First, swaps, in general, are introduced, then the structure of the most common type of interest rate swap - the fixed or floating interest rate swap - will be addressed. A variety of different structures, pricing and valuation, and applications - both risk management and speculative - will be discussed.

In all, there are 142 total lectures (video clips) and over 24 hours of total view-able content. This program also includes supplemental PDFs as downloadable attachments that you can use to follow along with each lecture's instructor.

More about this course and Starweaver

This course is led by a seasoned capital markets industry practitioner and executive with many years of hands-on, in-the-trenches financial markets sales, trading and analysis work. It has been designed, produced and delivered by Starweaver. Starweaver is one of the most highly regarded, well-established training providers in the world, providing training courses to many of the leading financial institutions and technology companies, including:

Ahli United Bank; Mashreqbank; American Express; ANZ Bank; ATT; Banco Votorantim; Bank of America; Bank of America Global Markets; Bank of America Private Bank; Barclay Bank; BMO Financial Group; BMO Financial Services; BNP Paribas; Boeing; Cigna; Citibank; Cognizant; Commerzbank; Credit Lyonnais/Calyon; Electrosonic; Farm Credit Administration; Fifth Third Bank; GENPACT; GEP Software; GLG Group; Hartford; HCL; HCL; Helaba; HSBC; HSBC Corporate Bank; HSBC India; HSBC Private Bank; Legal & General; National Australia Bank; Nomura Securities; PNC Financial Services Group; Quintiles; RAK Bank; Regions Bank; Royal Bank of Canada; Royal Bank of Scotland; Santander Corporate Bank; Tata Consultancy Services; Union Bank; ValueMomentum; Wells Fargo; Wells Fargo India Solutions; Westpac Corporate Bank; Wipro; and, many others.

Starweaver has and continues to deliver 1000s of live in-person and online education for organizational training programs for new hires and induction, as well as mid-career and senior-level immersion and leadership courses.

If you are looking for live streaming education or want to understand what courses might be best for you in technology or business, just google:

starweaver journey builder starweaver[dot]com

Happy learning.

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What's inside

Learning objectives

  • Apply key skill of financial math, including npv, irr, pv, fv, to real business problems.
  • Discuss the players, products, markets and applications of capital markets instruments.
  • Interpret the meaning of yield curves and how financial markets and instruments drive pricing.
  • Explain the full range of fixed income instruments, their issuers and investors, and the ways these instruments are structured.
  • Detail equity markets products, players and market dynamics.
  • Determine uses and applications of futures and options.
  • Become a well-rounded financial markets and capital markets professional

Syllabus

Capital Markets Road Map

Just a brief "hello" and explanation for you.

This module covers the Capital Markets Road Map and the major market segments and types of instruments it encompasses.

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In this module, you will learn about the economic functions of capital markets and how they support the growth and development of businesses.

This module covers the securities markets and the important market participants that contribute to their operation and growth.


Overview of commercial and investment banking, and the financial risk involved in each.

This module covers the differences between primary and secondary markets and the role each plays in the financial industry.


In this module, you will learn about primary market offerings, including the different types and how they are used to raise capital.


This module covers the roles that financial intermediaries play in the financial industry and the various services they offer.


In this module, you will learn about the differences between securities and derivatives and how each is used in financial markets.


This module covers the characteristics and types of fixed income securities and how they are used in financial markets.


In this module, you will learn about the sources of return and types of risk associated with fixed income securities and how they impact investment decisions.


This module covers government and government agency securities, including their characteristics and role in financial markets.


In this module, you will learn about corporate and structured securities, including their characteristics and how they differ from other types of securities.


This module covers the concepts of bond pricing and valuation, including the various factors that influence the value of bonds.


In this module, you will learn about yield curves, credit markets, and their relationship to the business cycle.


This module covers the relationship between yield curves, monetary policy, and the real economy, including how they can impact financial markets.


In this module, you will learn about equity securities, including the different types and how they are used in financial markets.


This module covers the investment characteristics and valuation of equity securities, including the various methods for evaluating the value of stocks.


In this module, you will learn about the use of earnings multiples (P/E ratios) to value equities and the factors that can impact their accuracy.


This module covers the currency markets and the various factors that can impact exchange rates, including economic and political conditions.


In this module, you will learn about the different types of derivative contracts and how they can be used to manage economic exposures.


This module covers the real meaning of derivatives and how they can be used to manage risk. It concludes the section on the Capital Markets Road Map.


The quiz consists of questions relating to the lectures you have taken for Capital Markets Road Map. You will be asked a series of multiple choice questions designed to assess your understanding of the Capital Markets Road Map.

Fundamental Financial Math

In this module, you will learn about fundamental financial math, including how to calculate and compare interest rates and yields.

In this module, you will learn about the concepts of interest rates and rates of return in finance.

In this module (part 1 of 2), you will learn about the various interest rate conventions and how to use the time value of money concept in finance.

In this module (part 2 of 2), you will continue your learning on the topic of interest rate conventions and the time value of money in finance.

In this module, you will learn about the concept of compound interest and how it is used in finance.

In this module, you will learn about the time value of money and how it relates to bond pricing in finance.

In this module, you will learn about the pricing of zero coupon bonds in finance.

In this module, you will learn about the differences between bond pricing and bond valuation in finance.

In this module, you will learn about the process of pricing discount securities in finance.

In this module, you will learn about the comparison of discount rates to bond equivalent yield in finance.

In this module, you will learn about bond yields and how they are used in finance.

In this module, you will learn about yield to maturity and how it is used in finance.

In this module, you will learn about the differences and similarities between yield to maturity and rate of return in finance.

In this module, you will learn about yield to maturity as an expression of current value, concluding the Fundamental Financial Math section of the course.

Section 2 quiz
Yield Curve Dynamics

In this module, you will learn about yield curve dynamics and the basics of yield curves in finance.

In this module, you will learn about the different types of yield curves and how to calculate yield curve spreads in finance.

In this module, you will learn about the concept of duration in finance.

In this module, you will learn about the different types of duration used in finance.

In this module, you will learn about the concept of modified duration in finance

In this module, you will learn about duration through the use of illustrations in finance.

In this module, you will learn about the duration of callable bonds in finance.

In this module, you will learn about yield curve shapes and how they relate to interest rate levels in finance.

In this module, you will learn about the various theories on yield curves in finance.

In this module, you will learn about the relationship between yield curves and the business cycle in finance.

In this module, you will learn about spot rates and how to construct spot rate curves in finance.

In this module, you will learn about the calculation of spot rates in finance.

In this module, you will learn about bond valuation and how to conduct a rich/cheap analysis in finance.

In this module, you will learn about treasury strips and how to construct a strip rate curve in finance.

In this module, you will learn about forward rates and how they are used in finance.

In this module, you will learn about the calculation of forward rates in finance.

In this module, you will learn about the various applications of forward rates in finance.

In this module, you will learn about total return analysis in finance.

In this module, you will learn about total return analysis through illustrations and conclude the Yield Curve Dynamics section of the course.

Section 3 Quiz
Fixed Income Securities

In this module, you will learn about the basics of fixed income securities and markets in finance.

In this module, you will learn about the aspects of the primary bond market, including the process of issuing bonds to borrow funds.

In this module, you will learn about the similarities between bonds and loans, and address bond valuation issues in finance.

In this module, you will learn about the various contract features of bonds in finance.

In this module, you will learn about bond coupons, accrued interest, and bond pricing conventions in finance.

In this module, you will learn about day count conventions and bond retirement in finance.

In this module, you will learn about the various types of risk in finance.

In this module, you will learn about sources of return and bond yields in finance.

In this module, you will learn about yield curves and how they are used in finance.

In this module, you will learn about yield curves and government securities in finance.

In this module, you will learn about government bonds and US treasury securities in finance.

In this module, you will learn about corporate fixed income securities in finance.

In this module, you will learn about the credit risk of corporate securities and trust indentures in finance.

In this module you will learn about secured and unsecured bonds, their differences and how they may impact credit risk and investor returns.

This module covers the basics of convertible securities, including their features and the factors that influence their value.

This module covers the characteristics and features of preferred stocks, as well as the basics of structured securities.

This module covers the process of asset securitization, including the creation and structure of mortgage-backed securities.

In this module, you will learn about mortgage-backed securities, financial instruments that are created when a lender packages and sells a group of mortgages to investors. These securities generate income for the investor from the payments made on the underlying mortgages.

In this module, you will learn about Collateralized Mortgage Obligations (CMOs), a type of asset-backed security that is backed by a pool of mortgages. We will also introduce the concept of asset-backed securities, which are financial instruments that are backed by a pool of assets, such as mortgages, car loans, or credit card receivables.

In this module, we will cover credit card and auto loan asset-backed securities, financial instruments that are backed by pools of credit card or auto loan debts. You will learn about the characteristics and risks of these securities, and how they are used by investors and issuers.

This module covers Collateralized Debt Obligations (CDOs), a type of complex financial security that is backed by a pool of assets, such as mortgages, corporate bonds, or other types of debt. You will learn about the different types of CDOs and how they are used by investors and issuers.

In this module, you will learn about Collateralized Debt Obligations (CDOs) and money market instruments, two types of financial securities. CDOs are complex securities backed by a pool of assets, while money market instruments are short-term, low-risk securities that are used for borrowing and lending in the financial markets.

In this final module on fixed income securities, we will cover agency securities, which are issued by U.S. government agencies, and regional/local government debt securities, which are issued by state and local governments. This module concludes the Fixed Income Securities section of the course.

Section 4 Quiz
Equity Products

In this module, you will learn about equity products, including different types of shares such as common stock, preferred stock, and convertible stock. We will also discuss how these products are used by investors and issuers, and the risks and potential returns associated with them.

This module covers the process of buying shares and equities, including different ways to purchase these securities and the considerations that investors should take into account when making these decisions. You will also learn about the risks and potential returns associated with investing in equities.

In this module, we will use Tesco, a multinational grocery and general merchandise retailer, as an example to illustrate the concepts of buying shares and equities. You will learn about the process of purchasing securities in a real-world context, and the risks and potential returns associated with investing in a specific company.

This module covers the different types of shares and exchanges, including common stock, preferred stock, and convertible stock, as well as stock exchanges where these securities are traded. You will learn about the characteristics and features of these securities and exchanges, and how they are used by investors and issuers.

In this module, you will learn about depository receipts, financial instruments that represent ownership in a foreign company's securities. We will cover the different types of depository receipts, including American Depository Receipts (ADRs) and Global Depository Receipts (GDRs), and how they are used by investors and issuers.

In this module, you will learn about different types of investors and how they approach investing in securities. We will also discuss the concept of diversification, which is the practice of spreading investments across a variety of different assets to manage risk, and the concept of volatility, which refers to the fluctuations in the price of an asset.

In this first part of a two-part module, you will learn about various types of indices, which are statistical measures that are used to track the performance of a group of securities. We will cover different types of indices, such as stock market indices and bond market indices, and how they are used by investors and analysts.

In this 2nd part of a two-part module, you will learn about various types of indices, which are statistical measures that are used to track the performance of a group of securities. We will cover different types of indices, such as stock market indices and bond market indices, and how they are used by investors and analysts.

In this module, you will learn about tracking funds, also known as index funds, which are investment vehicles that aim to replicate the performance of a specific index by holding a basket of securities that are representative of the index. We will discuss the characteristics and features of tracking funds and how they are used by investors.

This module covers exchange traded funds (ETFs), investment vehicles that are traded on stock exchanges and track the performance of a specific index or basket of assets. You will learn about the characteristics and features of ETFs and how they are used by investors and issuers.

In this module, you will learn about derivatives, financial instruments that derive their value from an underlying asset or security. We will cover different types of derivatives, including futures, options, and swaps, and discuss how they are used by investors and issuers to manage risk and achieve specific financial objectives.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Provides a solid and deep introduction to the global financial markets and capital markets
Helps professionals enter the business with a foundational knowledge of the industry’s basic products and services
Provides a comprehensive, deep dive into the functions and roles played by modern financial institutions
Provides a variety of calculations and related concepts that are used by financial market participants in a plethora of applications
Explains how to calculate prices, rates of return, and yields for fixed income products
Develops skills in fundamental financial math, including NPV, IRR, PV, FV

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Capital Markets Immersion: A Financial Markets Introduction with these activities:
Review algebra and calculus
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  • Follow the tutorial.
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Understand the basics of fixed income securities
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  • Familiarize yourself with the different types of fixed income securities.
  • Learn how to read a bond prospectus.
  • Calculate the yield of a bond.
  • Evaluate the risks of investing in fixed income securities.
Solve practice problems on financial math.
Master the fundamentals of financial math.
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Join a study group on capital markets
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Build a financial model
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