Apply derivatives know-how in order to analyze and invest in structured products.
Description / Program
In an extensive interpretation, we may speak of structured products as soon as we combine two or more elementary financial products into a new structure displaying original characteristics. Structured products represented one of the most rapidly growing areas of finance in the last two decades, reaching a nearly unlimited variety of forms. The goal of this course is to provide an overview about the process of developing, marketing, and managing structured products. To this purpose, the course will analyze a certain number of popular structured products, like: autocallable notes and other barrier reverse convertibles, principal protected notes, participation certificates, convertible and callable bonds, mortgage-backed securities, and CDOs.
Learning Method / Style of Lessons
In addition to theoretical lectures, the course will include workshops to facilitate also a practical understanding of its content.
Written exam at the end of the course; practical teamwork.
Satyajit Das, Structured Products (volumes 1 and 2), Wiley Finance
Frank J. Fabozzi, Handbook of Structured Financial Products, New Hope, Pennsylvania