Course curriculum

  • 1

    Introduction

    • Course Introduction

    • Downloadable Files

    • Duration

    • Short Duration Definition

    • Short Duration Products

    • Uses of Short Duration Products

    • Players in Short Duration Products

    • Short Duration Rates

    • BTMM on Bloomberg

    • Policy Rates

    • Fed Funds Rate

    • Eurodollars

    • Case Study: How LIBOR Failed

    • Interactive Exercise 1

    • Day Count

  • 2

    Subordinated Debt

    • Money Market Instruments

    • Credit Ratings

    • Types of Money Market Instruments

    • Benefits and Risks of Money Market Instruments

    • Quoting Money Market Instrument Prices

    • Discount Yield & Money Market Yield

    • Government Money Market Issuance

    • US Treasury Bills

    • German Bubills

    • UK Treasury Bills

    • Japanese Treasury Bills

    • Interactive Exercise 2

    • Supranational Debt

    • World Bank Discount Note (IBRDDN)

    • Agency (GSE) Discount Notes

    • Fannie Mae (FNMA) & Freddie Mac (FHLMC)

    • Federal Home Loan Bank System (FHLB)

    • Farmer Mac (FAMC) & Farm Credit (FFCB)

    • Interactive Exercise 3

    • Commercial Paper (CP) & Euro-Commercial Paper (ECP)

    • Asset-Backed Commercial Paper (ABCP)

    • Certificate of Deposit (CD)

    • Banker’s Acceptances (BA)

    • Issuance Programs

    • Trading Money Market Instruments

  • 3

    Short-Dated Derivatives

    • Short-Dated Derivatives

    • Benefits and Risks of Derivatives

    • Exchange-Traded vs. Over-the-Counter (OTC)

    • Futures vs. Forwards

    • Money Market (STIR) Futures

    • Secured Overnight Financing Rate (SOFR)

    • Sterling Overnight Index Average (SONIA)

    • Futures

    • Long and Short Positions in STIR Futures Contracts

    • Eurodollar Futures

    • Forward Rate Agreements (FRA)

    • Forward Rate Agreements (FRA) - Math Example

    • Interactive Exercise 4

    • Options Contracts

    • Options on Futures

    • Reasons to Trade Options on Money Market Futures

    • Eurodollar Futures Options

    • Swaps

    • Plain Vanilla Swap

    • Interest Rate Swap Uses

    • Types of Short-Dated Swaps

    • Interpreting Short-Dated Spreads

    • Hedging Rates Using Option Hedges

    • Other Methods to Trade Short-Dated Derivatives

  • 4

    Qualified Assessment

    • Qualified assessment

    • Share Your Feedback

    • Course Completion