Dive into the world of interest rate swaps (IRS) with this comprehensive online course. You'll start by learning the basics of swaps, including the structure of fixed and floating interest rate swaps. From there, you'll explore a variety of different swap structures and how to price and value them. Finally, you'll discover how to use interest rate swaps for risk management and speculation. This course features 20 lectures over 5 sections, including a look at OTC clearinghouses and how to effectively manage floating rate liabilities with swaps. Whether you're new to interest rate swaps or want to expand your knowledge, this course has something for you.
Read more
Dive into the world of interest rate swaps (IRS) with this comprehensive online course. You'll start by learning the basics of swaps, including the structure of fixed and floating interest rate swaps. From there, you'll explore a variety of different swap structures and how to price and value them. Finally, you'll discover how to use interest rate swaps for risk management and speculation. This course features 20 lectures over 5 sections, including a look at OTC clearinghouses and how to effectively manage floating rate liabilities with swaps. Whether you're new to interest rate swaps or want to expand your knowledge, this course has something for you.
Dive into the world of interest rate swaps (IRS) with this comprehensive online course. You'll start by learning the basics of swaps, including the structure of fixed and floating interest rate swaps. From there, you'll explore a variety of different swap structures and how to price and value them. Finally, you'll discover how to use interest rate swaps for risk management and speculation. This course features 20 lectures over 5 sections, including a look at OTC clearinghouses and how to effectively manage floating rate liabilities with swaps. Whether you're new to interest rate swaps or want to expand your knowledge, this course has something for you.
The 20 lectures in this course are divided into 5 sections:
Introduction to Interest Rate Swaps
Risk Management of Floating Rate Liabilities
OTC Clearinghouses
Swap Pricing and Valuation
Risk Management with Interest Rate Swaps
We attempt to build from foundational knowledge up to more detailed awareness of how IRS are used in the real world. The goal of this program is not to make you an IRS trader or structurer calling on clients, or another front/middle/back-office professional, but to provide foundational knowledge so that you work toward a practical understanding of how IRS work.
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 and mid-career and senior-level immersion and leadership courses.
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What's inside
Learning objectives
- Describe the details of interest rate swaps and how they are priced
- Use irs to implement effective risk management strategies to mitigate the potential impact of interest rate movements on floating rate liabilities.
- Understand the features and functions of otc clearinghouses and how they work
- Appreciate the various risk concerns with interest rate swaps and solutions for risk management
- Calculate the potential impact of interest rate movements on floating rate liabilities using appropriate risk management tools.
- Evaluate the suitability of different interest rate swap structures to manage the risk of floating rate liabilities.
- Determine the fair value of an interest rate swap using various pricing models and techniques.
- Analyze the impact of different interest rate scenarios on the value of an interest rate swap.
- Use appropriate pricing tools to calculate the net present value of an interest rate swap.
- Describe the details of interest rate swaps and how they are priced
- Use irs to implement effective risk management strategies to mitigate the potential impact of interest rate movements on floating rate liabilities.
- Understand the features and functions of otc clearinghouses and how they work
- Appreciate the various risk concerns with interest rate swaps and solutions for risk management
- Calculate the potential impact of interest rate movements on floating rate liabilities using appropriate risk management tools.
- Evaluate the suitability of different interest rate swap structures to manage the risk of floating rate liabilities.
- Determine the fair value of an interest rate swap using various pricing models and techniques.
- Analyze the impact of different interest rate scenarios on the value of an interest rate swap.
- Use appropriate pricing tools to calculate the net present value of an interest rate swap.
Syllabus
Introduction to Interest Rate Swaps
Just a brief "hello" and explanation for you.
In this course you will learn about interest rate swaps - financial instruments used to hedge against interest rate risk or to take advantage of changes in interest rates. We will cover the basics of how interest rate swaps work and their various uses in financial markets.
Read more
Syllabus
Just a brief "hello" and explanation for you.
In this course you will learn about interest rate swaps - financial instruments used to hedge against interest rate risk or to take advantage of changes in interest rates. We will cover the basics of how interest rate swaps work and their various uses in financial markets.
This module covers the basics of interest rate swaps, financial derivatives in which parties exchange periodic interest payments to hedge against or speculate on interest rate changes.
In this module, you will learn about the key features of interest rate swap contracts, including notional principal, maturity date, and payment frequency.
This module covers fixed to floating interest rate swaps, in which one party pays a fixed interest rate and the other pays a floating rate tied to an underlying benchmark.
In this module, you will learn about the periodic settlement payments made by parties in an interest rate swap contract, including how these payments are calculated and the role of a clearinghouse.
In this module, you will learn how to use interest rate swaps to hedge against uncertainty in cash flow. We will cover the following topics: how interest rate swaps work, the benefits and risks of using interest rate swaps as a hedging tool, and how to use them effectively in a corporate setting.
This module covers the net interest cost of a synthetic fixed coupon bond. You will learn how to calculate the net interest cost, the factors that impact the net interest cost, and how to use this information in bond portfolio management.
In this module, you will learn about OTC clearinghouses, including how they work, the benefits they provide, and the risks they manage. We will also cover the role of clearinghouses in the OTC derivatives market.
This module compares cleared swaps to OTC swaps that are not cleared through a clearinghouse. You will learn about the key differences between the two, including the benefits and risks of each, as well as the role of clearinghouses in the swap market.
This module covers the functioning of OTC clearinghouses. You will learn about the role of clearinghouses in the OTC derivatives market, how they work to manage risk and provide benefits, and the key characteristics of OTC clearinghouses.
In this module, you will learn how to terminate a swap before its maturity date. We will cover the process and considerations involved in terminating a swap, as well as the potential impact on market value and credit risk.
This module covers the pricing of interest rate swaps. You will learn about the factors that impact the price of a swap, how to calculate the net present value of a swap, and how to use this information in trading and risk management.
In this module, you will learn how to price fixed for floating interest rate swaps. We will cover the factors that impact the price of a fixed for floating swap, how to calculate the net present value of a swap, and how to use this information in trading and risk management.
This module covers the valuation of swaps and how they can be used to hedge against uncertainty in cash flow. You will learn about the factors that impact the value of a swap, how to calculate the net present value of a swap, and how to use this information in risk management.
This module covers the management of cash flow risk for fixed and floating rate assets. You will learn about the different types of risk that can impact the cash flow of these assets, as well as various strategies and tools that can be used to manage this risk.
In this module, you will learn about the concept of basis in the context of fixed versus floating rate swaps. We will cover the factors that can impact the basis, how to calculate the basis, and how to use this information in trading and risk management.
This module covers capital market equivalents for fixed and floating rate payers. You will learn about the various instruments that can be used as substitutes for fixed and floating rate debt, as well as the pros and cons of each option.
This module covers value hedging and asset swaps. You will learn about how value hedging can be used to reduce risk in a bond portfolio, as well as the mechanics and benefits of asset swaps as a hedging tool.
In this module, you will learn about the different variations in the structure of interest rate swaps. We will cover the various types of swaps that are available, the key characteristics of each, and the pros and cons of using different structures.
This module covers the structuring and pricing of basis swaps, and concludes the course. You will learn about the key characteristics of basis swaps, how to structure and price these instruments, and how to use them in trading and risk management.
Good to know
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Activities
Review Interest Rate Fundamentals
Show steps
Refreshing your knowledge of interest rate fundamentals will provide a strong foundation for understanding the concepts covered in this course.
Browse courses on
Interest Rate Swaps
Show steps
-
Review the definition and types of interest rates.
-
Revisit the concept of time value of money.
-
Recall the relationship between interest rates, inflation, and economic growth.
Review basic probability theory
Show steps
Review basic concepts in probability theory to ensure you begin on a solid foundation. This will help you better understand the core concepts of the course, particularly regarding the mathematics behind interest rate swaps and their valuation.
Browse courses on
Probability Theory
Show steps
-
Review your class notes or textbook on probability theory.
-
Complete online exercises or practice problems on basic probability concepts.
Create a comprehensive note repository for the course
Show steps
Organize your notes, assignments, quizzes, and exams in one cohesive repository. This will aid in your review and comprehension of the key concepts covered in the course, enhancing your learning experience.
Show steps
-
Review your class notes and identify the key concepts.
-
Organize your notes into a logical structure, such as folders or sections.
-
Add additional materials, such as assignments, quizzes, and exams.
Six other activities
Expand to see all activities and additional details
Show all nine activities
Exploring the interactive online course on interest rate swaps by the CME Group
Show steps
Supplement your learning with an interactive online course from CME Group, gaining a comprehensive overview of interest rate swaps. This will help you enhance your understanding of the concepts covered in the course.
Browse courses on
Interest Rate Swaps
Show steps
-
Access the CME Group's online course on interest rate swaps.
-
Navigate through the modules, completing the interactive exercises and quizzes.
Calculate Swap Pricing
Show steps
Regularly calculating swap pricing will help you master this fundamental skill.
Browse courses on
Interest Rate Swaps
Show steps
-
Practice calculating the present value of a swap.
-
Apply pricing formulas to determine the fair value of an IRS.
Participate in a study group focused on interest rate swaps
Show steps
Engage with fellow students in a study group to discuss course concepts, share perspectives, and reinforce your understanding of interest rate swaps. Collaborative learning can deepen your comprehension and expand your knowledge.
Browse courses on
Interest Rate Swaps
Show steps
-
Find a group of students who are also taking the course.
-
Establish a regular meeting schedule and decide on topics to discuss.
Explore OTC Clearinghouses
Show steps
Following tutorials on OTC clearinghouses will provide you with a deeper understanding of their role in the IRS market.
Show steps
-
Find tutorials on OTC clearinghouse operations.
-
Review how clearinghouses manage risk and facilitate settlement.
Participate in a hackathon or competition related to interest rate swaps
Show steps
Challenge yourself by participating in a hackathon or competition that focuses on interest rate swaps. This will provide an opportunity to apply your knowledge, collaborate with others, and showcase your abilities in a competitive environment.
Browse courses on
Interest Rate Swaps
Show steps
-
Identify a hackathon or competition that aligns with your interests.
-
Form a team or collaborate with other participants.
-
Develop a solution to the challenge, demonstrating your understanding of interest rate swaps.
Mentoring a junior student in a related field
Show steps
Share your knowledge and skills by mentoring a junior student interested in interest rate swaps or related fields. This will help you reinforce your understanding while contributing to the development of future professionals.
Show steps
-
Identify a junior student who is interested in your area of expertise.
-
Establish regular meetings to provide guidance and support.
-
Share your knowledge and experiences in interest rate swaps.
Review Interest Rate Fundamentals
Show steps
Refreshing your knowledge of interest rate fundamentals will provide a strong foundation for understanding the concepts covered in this course.
Browse courses on
Interest Rate Swaps
Show steps
- Review the definition and types of interest rates.
- Revisit the concept of time value of money.
- Recall the relationship between interest rates, inflation, and economic growth.
Review basic probability theory
Show steps
Review basic concepts in probability theory to ensure you begin on a solid foundation. This will help you better understand the core concepts of the course, particularly regarding the mathematics behind interest rate swaps and their valuation.
Browse courses on
Probability Theory
Show steps
- Review your class notes or textbook on probability theory.
- Complete online exercises or practice problems on basic probability concepts.
Create a comprehensive note repository for the course
Show steps
Organize your notes, assignments, quizzes, and exams in one cohesive repository. This will aid in your review and comprehension of the key concepts covered in the course, enhancing your learning experience.
Show steps
- Review your class notes and identify the key concepts.
- Organize your notes into a logical structure, such as folders or sections.
- Add additional materials, such as assignments, quizzes, and exams.
Exploring the interactive online course on interest rate swaps by the CME Group
Show steps
Supplement your learning with an interactive online course from CME Group, gaining a comprehensive overview of interest rate swaps. This will help you enhance your understanding of the concepts covered in the course.
Browse courses on
Interest Rate Swaps
Show steps
- Access the CME Group's online course on interest rate swaps.
- Navigate through the modules, completing the interactive exercises and quizzes.
Calculate Swap Pricing
Show steps
Regularly calculating swap pricing will help you master this fundamental skill.
Browse courses on
Interest Rate Swaps
Show steps
- Practice calculating the present value of a swap.
- Apply pricing formulas to determine the fair value of an IRS.
Participate in a study group focused on interest rate swaps
Show steps
Engage with fellow students in a study group to discuss course concepts, share perspectives, and reinforce your understanding of interest rate swaps. Collaborative learning can deepen your comprehension and expand your knowledge.
Browse courses on
Interest Rate Swaps
Show steps
- Find a group of students who are also taking the course.
- Establish a regular meeting schedule and decide on topics to discuss.
Explore OTC Clearinghouses
Show steps
Following tutorials on OTC clearinghouses will provide you with a deeper understanding of their role in the IRS market.
Show steps
- Find tutorials on OTC clearinghouse operations.
- Review how clearinghouses manage risk and facilitate settlement.
Participate in a hackathon or competition related to interest rate swaps
Show steps
Challenge yourself by participating in a hackathon or competition that focuses on interest rate swaps. This will provide an opportunity to apply your knowledge, collaborate with others, and showcase your abilities in a competitive environment.
Browse courses on
Interest Rate Swaps
Show steps
- Identify a hackathon or competition that aligns with your interests.
- Form a team or collaborate with other participants.
- Develop a solution to the challenge, demonstrating your understanding of interest rate swaps.
Mentoring a junior student in a related field
Show steps
Share your knowledge and skills by mentoring a junior student interested in interest rate swaps or related fields. This will help you reinforce your understanding while contributing to the development of future professionals.
Show steps
- Identify a junior student who is interested in your area of expertise.
- Establish regular meetings to provide guidance and support.
- Share your knowledge and experiences in interest rate swaps.
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