Structured Products - Fundamentals

At the end of this course, you will have a good understanding of structured products, having analysed:

• What they consist of and their main component parts.
• Their development and peculiarities within the overall framework of issues offered (EMTNs, funds, certificates/warrants…) as well as the impact of the Lamfalussy plan on public issues. In what way they are of interest to both issuers and investors.
• Their own particular terminology (protected capital and capital at risk, guaranteed and non-guaranteed coupon, callable structured product, launch/payment date and maturity date, directional structured products, promise structured products, mixed structured products).
  
• The associated risks and risk classes to which they are likely to belong depending on their level of protection (secure structured products, dynamic structured products, speculative structured products).
  
• The circumstances of their launch as well as the parties involved (technical committee, risk committee, commercial committee) and events characterising their life cycle.
  
• The underlying assets on which it is possible to establish them and how to use them effectively in managing a portfolio.
  

• History and origin of structured products
• International development and regulatory framework
• • Types of issue
  • Structured products within the context of mifid
  • European prospectus including “advantages and inconveniences”
  • Diversity of the range of structured products
• Democratisation and diversity of structured products
• • Issuers’ interest
  • Clients’ interest
  • Issue volumes
• Identification of the vocabulary used for characterising structured products
• • Guaranteed capital
  • Non-guaranteed capital
  • Guaranteed coupon
  • Non-guaranteed coupon
• Launch of a structured product
• • The idea of the launch
  • Validation of the launch
  • • Minimum amount to be achieved
    • Examination of the launch conditions
• Development of the underlying assets
• • Equity
  • Rate / foreign exchange
  • Commodity
• Structured products as a portfolio management instrument
• • Awareness of use as an investment tool
• Introduction to trading on the structured products market
• The importance of the maturity date and behaviour on maturity

This training is offered in blended-learning, you will receive access to a preparatory course in e-learning 5 days before the course.

For this training course, an optional exam is available. In case of interest, candidates can choose a date from the list of proposed examination sessions. Registration for the exam must be made at least five days before the chosen exam date. The exam is subject to a registration fee.