1. Financial maths review

2. Interest calculations

3. Daycount conventions

4. FV and PV, TVM and discounting

5. Risky discounting

6. Valuing annuities 

Money-markets

1. LIBOR and EURIBOR

2. Depos and CDs

3. T-Bills and other discount securities

4. SONIA/EONIA/FedFunds

5. FRAs and forwards

6. Interest rate futures

Money market instruments

1. Bonds and loans

2. DCM  and the pitch process

3. Bond primary markets

4. Secondary market trading

5. Price and yield

6. Duration and convexity

Fixed income

Bond trading

1. Trading strategies

2. Repos and funding

3. Carry and roll-down,

4. Inflation-linked bonds

1. Implied repo

2. Conversion factors

3. Cheapest-to-deliver

Bond futures

1. FX spot market

2. Cross rates

3. Forward FX

4. FX swaps

5. NDFs

Foreign exchange

1. PV01 and pricing

2. Risk and DV01

3. Unwinds and assignments

4. New issue swaps

5. Asset swaps

Interest rate swaps

1. Credit analysis

2. Key ratios for corporates and banks

3. Sovereign risk

4. Credit spreads

5. Credit ratings and the agencies

6. Securitisation and ABS

7. Covered bonds

Credit markets

1. Quantifying default risk

2. Spreads, hazard rates and recovery assumptions

3. The credit triangle

4. CDS spreads and asset swaps

5. Building a CDS pricing model

6. Drivers of the CDS-cash basis

Credit derivatives

1. iTraxx and CDX

2. Sector sub-indices

3. Trading the iTraxx

4. Index tranching and correlation

Credit indices

1. Primary issuance and IPOs

2. Secondary market offerings

3. The ‘greenshoe’

4. Rights issues and the TERP

5. The role of ECM

6. Trade execution and DMA

7. Equity indices

Equity markets

1. Forwards and futures

2. CFDs

3. Equity swaps

4. Stock borrowing

5. Beta-adjusted hedging

6. ETFs

7. Leveraged ETFs

Equity delta-one

1. Payoff diagrams

2. Intrinsic value and “moneyness”

3. Put-call parity

4. Option exercise

5. Option strategies and applications

6. Option pricing models

7. Building a binomial tree

Option fundamentals

1. The delta hedge

2. Convexity and gamma

3. Gamma versus theta

4. Vega

5. Portfolio hedging

6. FX options

Option risk management

1. Volatility defined

2. Implied volatility and what it represents

3. The vol surface for equities and FX

4. Hedging smile and skew risk

5. The impact of stochastic vol

6. Vanna and volga

The volatility surface

1. Curve construction

2. OIS and the discount curve

3. Tenor basis swaps

4. Bootstrapping projection curves

5. Delta-bucketing and risk

Modern swaps pricing

1. Cross-currency swaps

2. The drivers of the CRX basis swap spread

3. Inflation swaps

4. Counterparty exposure

5. Credit risk mitigation and CVA

Advanced swaps

1. Caps and floors

2. Swaptions

3. Bermudans

4. The IRD vol surface

5. Applications in corporate ALM

Interest rate options

1. Callable bonds

2. Capped FRNs and Reverse Floaters

3. CMS

4. Convexity adjustments

5. Quanto swaps

IRD structured products

1. Cash markets

2. Commodity derivatives

3. Convenience yield

4. Roll yield

5. Commodity swaps

Commodity markets

1. Digitals and range accruals

2. Barrier options

3. Average-rate options

4. Var and vol swaps

5. Pricing Var swaps by replication

Exotic options

1. Dual-currency structures

2. Barrier option strategies

3. FX TARNs

4. Accmulators

FX-linked structured products

1. Principal guaranteed structures

2. Reverse convertibles

3. Autocallables

4. Baskets and correlation products

5. Convertible bonds

Equity-linked structured products

1. CDOs

2. Copulas, correlation and loss-distributions

3. Nth-to-default baskets

4. CDS and tranche trading strategies

Structured credit