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IFID Residential Programme    
 

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Benefits of the Residential version:

 

Face-to-face tuition – highly qualified professionals from the ICMA Centre at the University of Reading and from leading financial institutions coach students through the material and answer questions on the spot. Note that the residential training seminar is intended to complete a full period of self-study of the course material.

Networking with peer group – establishing life-long friendships and contact for the future as well as the unique opportunity to work in study groups with fellow professionals from other institutions, thus enhancing the learning experience.
 

 

Programme Content

 

The training material is provided on CD-ROM, along with a fully bound book covering the entire IFID content.  In addition, the On-Line Campus, hosted on the University of Reading’s “Blackboard” On-Line learning system provides a variety of other resources including the Discussion Board to post questions and debate issues with both the On-Line Campus Tutor and other candidates.
 
The IFID CD ROM requires a personal computer (PC), it has less than full functionality on an Apple MAC, though usage can be improved by use of the Firefox web browser.

 

Detailed Programme

 

The IFID Certificate is a professional training qualification that places strong emphasis on practical skills based on a thorough understanding of valuation principles and the relationships between the cash and the derivatives markets. The current outline of the seminar structure is as follows:

Day 1. Fixed Income Analysis
1.1. Bond markets, pricing and yield
1.2. Yield curve dynamics
1.3. Spot and forward yields
1.4. Interest rate futures
1.5. Interest rate risk


Day 2. Rates, Trading And Hedging
2.1. Securities financing
2.2. Outright and spread trading
2.3. Bond futures
2.4. Swaps
2.5. Options – structures, pricing and risks
2.6. Introduction to exotic options


Day 3. Structured Securities
3.1. Callable/putable bonds
3.2. Convertible bonds
3.3. Inflation-linked bonds
3.4. OTC structures


Day 4. Credit Analysis And Products
4.1. Corporate bond analysis
4.2. Credit derivatives
4.3. Structured credit products


Day 5. Portfolio and Risk Management
5.1. Portfolio Construction
5.2. Risk Management

Note that there are four 90 minute sessions a day, Monday to Thursday, with a one hour review period at the end of the day. On Friday there are two 90 minute sessions with a full afternoon study session with the OnLine Tutor present to answer all questions from the various topics.

Day 6
Exam (candidates may choose to defer to a later time*)

*Note that candidates close to the end of their six month registration period can sit the exam on the final morning. However, for those who have registered just before the seminar they are free to sit the week but defer taking the exam (within the six month time limit) at a Prometric Centre (www.prometric.com) in their City. Thus, this is a valuable course whether taken at the end or the beginning of one’s study.
 

 

Speakers/Teachers on the Residential Programme

 

We pleased to announce a diverse and well-qualified group teaching at the training seminar, all of whom have been involved with the Programme for many years, thus, knowing the course content in great detail.

Programme Director – Mr. John D. Evans, CFA
John is a full-time member of the academic staff of the ICMA Centre,
University of Reading and is also Program Director for the Centre’s MSc Investment Management. Prior to academia, John spent twenty years in the fixed income market in Toronto, New York and London in areas of research, origination and sales and trading.

OnLine Campus Tutor – Gail Rolland
Gail has ten years of fixed income experience in London and New York in the areas of sales and trading and new product structuring. Since the mid-1990s she has worked with ICMA Executive Education in addition to running her own financial markets training firm and has particular expertise in advising to the insurance industry on capital market investment strategies.

Dr. Andrew Bevan
Andy graduated with a first class BA in economics from Reading University in 1978 and was awarded a PhD in international monetary economics from City University in 1986. Andy started his career in 1978 with J&A Scrimgeour, a London-based specialist gilt broker. He then held posts with Chase Manhattan bank and Midland bank in London, working as an economist. In 1994, Andy was appointed Director of International Bond Research at Goldman Sachs in London. He was appointed Managing Director in 2000, and became Head of Global Markets Research, producing research and trading strategy for foreign exchange, money markets, government bonds and corporate bonds. He retired from this post in 2005 joining Fulcrum Asset Management as Research Director in May, 2006. Andy is also a part-time lecturer at the ICMA Centre teaching courses in fixed income.

Mr. David Oakes
David trained as an economist at the London School of Economics and was lecturer in finance at the University of Exeter and Warwick Business School before joining the ICMA Centre at the University of Reading as Director of Academic and Executive Education in 1998. He co-ordinated ICMA Executive Education programmes from 1994-2004. David left the Centre in 2004 to set up Dauphin Financial Training Limited, which specialises in advanced financial markets training to investment banks in New York.

Mr. Neil Schofield
Neil has worked for Barclays Capital since October 2001. He is responsible for the design and delivery of all the internal and client technical product training for Barclays worldwide. Prior, he was a director at Chisholm Roth, a financial markets consultancy, where he delivered training programmes to a range of blue chip clients including providing three years technical training to the Federal Reserve Board in the United States and the Bank of England in the UK.

Dr. Philip Xu
Philip is a visiting lecturer teaching interest rate modelling, fixed income securities and investment management at the ICMA Centre. His research focuses on pricing and risk management of fixed income investment strategies as well as credit derivatives. He currently also works with Credit Suisse in Zürich with responsibility for oversight of the bank’s hedge fund investments. Prior to joining the ICMA Centre, he worked as a structured finance analyst at LTCB and also as a credit analyst for Citigroup.
 

 

Details of the Next Seminar:

 

Sitges, Barcelona - have a look at the city
April 25 - May 1, 2010
Barcelona, Spain
Registration deadline April 12, 2010

Please e-mail j.evans@icmacentre.ac.uk or call + 44 118 378 6498
 

 

Costs:

 

Included in the course fee is accommodation in a private room at the Melia Hotel from Sunday, April 25 with check-out on Saturday, May 1. Also included is all meals, coffee breaks and materials and supplies. There is a welcome reception on Sunday the 25th starting at 18:00, just before dinner.

£3,500.00 for Members and £4,550.00 for non-members
2 to 4 candidates – 5% discount each*
5 to 9 candidates – 10% discount each*
10+ candidates - 15% discount each*

*Please note that discounts are applied by way of a refund to the organisation when registration has closed and the final number of candidates from the firm has been determined.

Please use our online registration to register for this seminar.

Should you have any queries about the training seminar please contact:

John D. Evans
IFID Program Director

j.evans@icmacentre.ac.uk

+44 (0)118 378 6498


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