Fundamentals of Debt Instruments
This course focuses on fixed income instruments. Different money market, bond instruments are described. Key concepts in relation to bond pricing and yield, term structures of interest rates and bond valuation are explained. The different risks of investing in bonds and interest-rate drivers are outlined. Various bond management strategies are introduced.
On completing this course, you should be able to:
a. Explain the basic features of related investment products;
b. Describe the different types of related investment products;
c. Understand the factors determining the pricing of related investment products (including intrinsic characteristics of the product and external factors such as economic outlook) and their impact on the pricing;
d. Perform basic calculations related to investment product pricing (calculate a bond price given a discount rate);
e. Understand the workings of the related market (e.g. quotation method); and
f. Assess and measure the risks associated with related investment products.
Section 1: Financial Market Fundamentals
Section 2: Money Market Instruments
Section 3: Bonds
It is relevant to those PWM practitioners who would like to enhance their knowledge and skills in wealth management products.