To
ensure we meet your expectations and maximise your return on training
investment, we favour a classroom/workshop set up for the delivery of our
courses. Please note we have therefore limited number of spaces available and
these will be assigned on a first come, first accepted basis. We recommend
early booking to avoid disappointment.
Take advantage of the recovery in the
dividend
swaps market
How will you benefit?
Forecasting dividends over the
lifetime of an equity derivative contract plays a major role in pricing and
risk management. In recent years, there have been significant developments with
new products such as dividend swaps and dividend forwards providing insight
into this often overlooked area of equity derivatives. These new contracts
allow participants to hedge dividend exposure on a book of complex derivative
positions. In addition, they permit investors to treat dividend as a new asset
class which can be invested in directly, allowing traders to take a view on
companies future dividend policy and asset managers to diversify risk using the
new and tradeable asset class.
This timely course will provide
delegates with a practical understanding of the role of dividends and dividend
swaps in risk management as well as the financial theory behind forward and
dividend swap trading. The training uses a combination of theoretical sessions,
real world examples and practical computer workshops to demonstrate the role of
dividend swaps and related instruments in modern risk and portfolio management.
Learn important techniques for
dividend forecasting, and its role in derivative pricing
Review the role of different
players in the equity swap and dividend swap markets
Discover how to build an implied
curve of dividends from market instruments
Understand the link between
dividend swaps, equity swaps and forwards
Address market index calculation
and its impact on dividend contracts
Evaluate the interaction between
the structured products market and the dividend swap market
Review trading strategies using
dividend swaps
Learn how to define dividend risk measures
About your expert trainer:
Dr. Simon Acomb has over 16 years
experience in quantitative finance. He started his career in finance at Barclays
deZoete Wedd in 1992 in the Equities Derivatives Group and progressed to run
the quantitative research team. This was followed by five years at Commerzbank
where he established a derivatives proprietary trading team and then became
head of the equity quantitative research group. Most recently Simon has been a
managing director at Morgan Stanley as global head of the Equities Analytic
Modelling Group. He now works as a consultant and trainer in mathematical
finance. Simon has a PhD in Applied Mathematics from Oxford University.
Pre-course questionnaire:
A detailed questionnaire will be sent to all course participants to
establish exactly where the group training needs lie. The completed forms will
be analysed by the course leader/trainer and followed by telephone if further
clarification is required. As a result we can guarantee that the course is
pitched at exactly the right level and that the issues that you regard as
relevant are addressed. The course material will reflect these issues and will
enable you to digest the subject matter after the event in your own time.
Who should attend?
From Financial Institutions,
Investment Banks, Hedge Funds and Pension
Funds, Consultancy Groups and
Solution Providers
Heads, Managers, Advisors and Market
Players in:
Trading: Flow, Proprietary,
Arbitrage, Structured Products and Customer Trading
Trading and Markets: Equity, Fixed
Income and Currencies
Portfolio Management and Strategy:
Directional/Non-Directional and Short
Term/Long Term
Investment: Alpha/Beta Investment,
Yield Enhancement, Protection and Leverage
Alternative Investments
Quantitative Analysis and Research
Derivatives Research
Structuring
Risk Management
Financial Control
Data Monitoring and Analysis
Corporate Treasury
