Capital Markets 101: Market Structure, Products and Regulatory Trends
This course offers an introductory survey of the key drivers, players and features of global capital markets. The program provides a thorough grounding in the full range of capital market instruments.
This course is the first component of the Capital Markets Professional Certificate.
Prerequisite knowledge:
- Basic MS Excel skills
CPE Credits: 14
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To make it even easier to learn, you can finance your program through Affirm.
Loans offered through Affirm are available in the U.S. and Canada.
Module 1: Capital Markets and Key Participants
- Introduction to Global Financial Markets
- How Banking and Financial Markets Work Together
- Function of Financial Intermediaries: Indirect Finance
- Types of Financial Intermediaries
- Identifying the Key Participants and their Impact on the Market
- Four Core Markets: Debt, Equity, Money Markets and Foreign Exchange
- Internationalization of Financial Markets
Module 2: Money Markets
- Interbank Loans and Deposits
- Certificates of Deposit
- Commercial Paper
- Repos
- Treasury Bills
- Bankers Acceptances
Module 3: Foreign Exchange (FX)
- Structure of The FX Market
- How the Market Trades
- Understanding FX Prices - Spot Rates
- Reading Prices and Calculating Simple Values
- Calculating and Understanding Cross Rates
- Introduction to FX Forwards
Module 4: Time Value of Money
- Time Value of Money (TVM)
- Present Value
- Future Value
- Valuing Annuities
- T-Bill Yield
- Bond Equivalent Yield
Module 5: Bond Markets and Risk
- Role of Debt in Capital Structure
- International Bonds
- Plain Vanilla Bonds
- Borrowing Structures
- Price-Yield Relationship
- Yield Curves
- Economy/Business Cycle
- Primary Dealers
- Secondary Markets
- Treasury Auction
- Types of Bond Risk
- Credit Ratings
- Credit Spreads
Module 6: Equity Markets and Trading
- Common Stock
- Preferred Stock
- Rights/Warrants
- Depository Receipts
- Convertible Bonds
- Primary and Secondary Markets
- Dark Pools
- Quote and Order Driven Markets
- Order Execution
- Short Selling
Module 7: Regulation of the Financial System
- Financial Regulators
- Motivation for Regulation and Oversight
- Asymmetric Information and Financial Regulation
- The 1980s U.S. Banking Crisis
- Banking Crisis Throughout the World
- The Dodd-Frank Bill and Future Regulation
- Basel III