Overview
A 1-day course on inflation-linked bonds and derivatives, focusing on the UK market in particular.
We examine how inflation is defined and quantified, the choice of index (RPI vs. CPI), and the most common cash flow structures for index-linked securities.
We look in detail at Index-linked Gilts, distinguishing between the old-style and new-style quotation conventions, and how to calculate the implied breakeven rate.
Corporate bond market in the UK, and in particular the role of LPI in driving pension fund activity.
Inflation swaps and other derivatives, looking at the mechanics, applications and pricing of inflation swaps and caps/floors.
The convexity adjustment for Y-o-Y swaps is derived intuitively.
Who the course is for
Front-office sales
product control
research
Traders
Risk managers
Fund managers
Project finance and structured finance practitioners
Accountants, auditors, consultants
Course Content
To learn more about the day by day course content please request a brochure
To learn more about schedule, pricing & delivery options, book a meeting with a course specialist now