In collaboration with:
Description
Introduction
The certification is organised in collaboration with LUXSIPA. LUXSIPA's mission is to promote and position the Luxembourg structured products industry in a quality segment at the service of market players and public authorities. The Association maintains close links with the ABBL and is recognised by the Luxembourg financial industry as a center of competence for any subject relating to structured products.
Objectives
The objective of the present training is to cover all questions that could be raised while manufacturing, selling, handling or investing into structured products.
Programme
MODULE 1 - General Aspects about Structured Products (SP)
The objective of this training module is to provide a bright overview of the world of structured products:
General definition
History of options
Structured Products compared to vanilla assets
The parties involved in the set-up process: issuer, investor, structurer, traders …
The cash flows of a very simple product: Starting with a bond paying coupons to a 100% capital guaranteed Structured Product linked to the positive performance of an index
Some vocabulary (protection, callable, auto-callable …)
Overview about the risks embedded in a SP (issuer, liquidity, valuation, underlying, valuation parameters …)
Legal wrapper: EMTN, certificate, fund, deposit
Review of basics about options: 4 pay-offs, from Long Call to Short Put, right and obligation
First steps to situate the impact of volatility, interest rates, dividends, spot (trying to get a feeling for the basic Greeks)
Capital protection: zero & call: first steps to build the product, theoretical example
Capital at risk: reverse convertible & auto-call structure: idem
MIFID - Target Market, Distribution channels (advisory, execution only, DPM), Cost and charges
PRIIPS Directive – KID
MODULE 2 – technical aspects to build a SP
The objective of this training module is to provide you with a deep insight in the technical side of structured products:
The building blocks of a product
Yield curve, credit spreads & funding, CDS
Vanilla and exotic options
Volatility
Correlation
Specificities of underlying assets
Dividends & implicit forwards
MODULE 3 – Products
The objective of this training module is to get you comfortable with a series of different structured products in terms of understanding:
The investment rational
How the product is working
What are the opportunities and risks?
The building blocks and their sensitivities
The relationship between the potential performance of the product and the risk that the investor is exposed to
Target Audience
The training targets all professionals of the financial sector, manufacturing and distributing structured products, as well as consultants, lawyers and administration officers:
Junior Private Bankers
Senior Private Bankers
Private Banking Assistants
Junior Trader
Junior Dealer
Junior Structurer
Risk Managers
Legal & Compliance Officers
Marketing Specialists
SP Administration Specialists
Conditions
Course Material
The training material will be handed out at the beginning of the course.
Certification
This training program will be honored by a House of Training / LUXSIPA Certification under two conditions: the whole set of modules must be accomplished and a final exam must be passed.
Location
L-1615 Luxembourg
Luxembourg
Sessions and schedules
-
Wed 13.11.2024
08:30 to 17:30
8H
Understanding Structured Products
Chambre de Commerce Luxembourg
-
Thu 14.11.2024
08:30 to 17:30
8H
Understanding Structured Products
Chambre de Commerce Luxembourg
-
Fri 15.11.2024
08:30 to 17:30
8H
Understanding Structured Products
Chambre de Commerce Luxembourg
-
Tue 19.11.2024
08:30 to 10:30
2H
Understanding Structured Products
Chambre de Commerce Luxembourg
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