Capital Market Immersion
3.8 (33 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
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Capital Market Immersion

An essential, comprehensive guide to understanding the markets, players and products of the global capital markets.
3.8 (33 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
632 students enrolled
Created by Paul Siegel
Last updated 2/2014
English
Current price: $10 Original price: $195 Discount: 95% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 24.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • You'll be able to apply all the concepts of financial math, including NPV, IRR, PV, FV, to real business problems.
  • You'll learn how to describe the players, products, markets and applications of capital markets instruments.
  • You'll be able to interpret the meaning of yield curves and how financial markets and instruments drive pricing.
  • You'll be able to explain the full range of fixed income instruments, their issuers and investors, and the ways these instruments are structured.
  • You'll be able to detail equity markets products, players and market dynamics.
  • You'll be able to determine uses and applications of futures and options.
View Curriculum
Requirements
  • Knowledge of the english language.
  • Basic math knowledge (a calculator is recommended for some of the lectures).
Description

The Capital Market Immersion program provides a solid and deep introduction of the capital markets, and is designed to provide professionals with a solid understanding of the functions and roles played by modern financial institutions and their key lines of business, as well as foundational knowledge of the industry’s basic products and service functions.

The program's framework consists of lectures covering 7 separate topics:

  1. The Capital Markets Road Map (Highlights the primary participants, issuers, investors, intermediaries in capital markets, what they trade there, and the applications to which market participants make use of the instruments and the roles they play.)
  2. Fundamental Financial Math (Introduces you to a wide variety of calculations and related concepts that are used by financial market participants in a plethora of applications - calculating prices, rates of return, and yields for example.)
  3. Yield Curve Dynamics (Covers a variety of issues relating to yield curves, their construction, and their use in a variety of analytical applications to assess risk and return.)
  4. Fixed Income Securities (Introduces you to the market for fixed income securities, provides you with a lot of details on the characteristics of fixed income securities in general, as well as discuss specific characteristics of specific sectors of the fixed income market - insurers, investors, and a wide variety of concepts relating to the analysis and validation of those securities.)
  5. Equity Products (Introduces equities by providing an overview of the types of products, including both direct and indirect products; and demonstrating types of shares and exchanges, investors, diversification and volatility.)
  6. Futures & Options (Introduces derivatives in general, to demonstrate the common features of derivatives and how they differ from other sorts of financial instruments. Futures and options contracts' key characteristics will be identified, and contract features, pricing, applications, risk management, and hedging will be discussed.)
  7. Interest Rate Swaps (A look at interest rate swaps in detail. First, swaps in general are introduced, then the structure of the most common type of interest rate swap - the fixed or floating interest rate swap - will be addressed. A variety of different structures, pricing and valuation, and applications - both risk management and speculative - will be discussed.)

In all, there are 142 total lectures (video clips) and over 24 hours of total viewable content. This program also includes supplemental PDFs as downloadable attachments that you can use to follow along with each lecture's instructor.

We have assessed our clientele thoroughly in order to design a program that includes all of the necessary elements of capital markets, designed toward an approach that enables you to accomplish the key takeaway of becoming fully immersed with a high level understanding of capital market industry, products, and roles.

Who is the target audience?
  • Analysts and associates in commercial, corporate and investment banking.
  • Relationship managers (0-5 years) in commercial, corporate and investment banking.
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Curriculum For This Course
142 Lectures
24:21:00
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Capital Markets Road Map
21 Lectures 03:52:38

Instructor Doug Carroll introduces the Capital Markets Road Map, and discusses major market segments and types of instruments.

Preview 11:58

Instructor Doug Carroll discusses the economic functions of capital markets.

Economic Functions of Capital Markets
10:40

Instructor Doug Carroll discusses the securities markets and important market participants.

Securities Markets and Important Market Participants
13:31

Instructor Doug Carroll discusses commercial and investment banking.

Commercial Banking and Investment Banking
11:45

Instructor Doug Carroll discusses primary and secondary markets.

Primary and Secondary Markets
08:32

Instructor Doug Carroll discusses primary market offerings.

Primary Market Offerings
10:46

Instructor Doug Carroll discusses the roles of financial intermediaries.

Roles of Financial Intermediaries
12:01

Instructor Doug Carroll compares securities to derivatives.

Comparing Securities to Derivatives
12:42

Instructor Doug Carroll introduces fixed income securities.

Introduction to Fixed Income Securities
10:03

Instructor Doug Carroll discusses sources of return and types of risk of fixed income securities.

Fixed Income Securities: Sources of Return and Types of Risk
11:15

Instructor Doug Carroll discusses government and government agency securities.

Government and Government Agency Securities
10:51

Instructor Doug Carroll discusses corporate and structured securities.

Corporate Securities and Structured Securities
10:16

Instructor Doug Carroll discusses bond pricing and valuation.

Bond Pricing and Valuation
11:05

Instructor Doug Carroll discusses yield curves, credit markets and the business cycle.

Yield Curves, Credit Markets and the Business Cycle
10:21

Instructor Doug Carroll discusses yield curves, monitary policy and the real economy.

Yield Curves, Monetary Policy and the Real Economy
10:51

Instructor Doug Carroll introduces equity securities.

Introduction to Equity Securities
12:07

Instructor Doug Carroll discusses investment charicteristics and valuation of equity securities.

Investment Characteristics and Valuation of Equity Securities
09:18

Instructor Doug Carroll discusses the valuation of equities using earnings multiples (P/E Ratios).

Valuation of Equities Using Earnings Multiples (P/E Ratios)
11:21

Instructor Doug Carroll discusses currency markets and factors affecting exchange rates.

Currency Markets and Factors Affecting Exchange Rates
10:48

Instructor Doug Carroll discusses types of derivative contracts and economic exposures.

Types of Derivative Contracts and Economic Exposures
10:21

Instructor Doug Carroll discusses the real meaning of "derivatives" and their use in managing risk, and concludes the section on Capital Markets Road Map.

The Real Meaning of "Derivatives" and Their Use in Managing Risk
12:06

The quiz consists of questions relating to the lectures you have taken for Capital Markets Road Map. You will be asked a series of multiple choice questions designed to assess your understanding of the Capital Markets Road Map.

Capital Markets Road Map Assessment
10 questions
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Fundamental Financial Math
15 Lectures 02:28:49

Instructor Doug Carroll introduces Fundamental Financial Math and discusses interest rates and yields.

Preview 10:38

Instructor Doug Carroll discusses interest rates and rates of return.

Interest Rates and Rates of Return
10:32

Instructor Doug Carroll discusses interest rate conventions and time value of money (Part 1 of 2)

Interest Rate Conventions and Time Value of Money Part 1
09:51

Instructor Doug Carroll discusses interest rate conventions and time value of money (Part 2 of 2)

Interest Rate Conventions and Time Value of Money Part 2
10:43

Instructor Doug Carroll discusses compound interest.

Compound Interest
10:58

Instructor Doug Carroll discusses the time value of money and bond pricing.

Time Value of Money and Bond Pricing
10:31

Instructor Doug Carroll discusses pricing of zero coupon bonds.

Pricing Zero Coupon Bonds
09:00

Instructor Doug Carroll discusses pricing of coupon bonds.

Pricing Coupon Bonds
11:14

Instructor Doug Carroll analyzes and discusses the differences between bond pricing and bond valuation.

Bond Pricing Versus Bond Valuation
08:34

Instructor Doug Carroll discusses pricing discount securities.

Pricing Discount Securities
10:09

Instructor Doug Carroll discusses and compares discount rates to bond equivalent yield.

Discount Rates Versus Bond Equivalent Yield
09:45

Instructor Doug Carroll discusses bond yields.

Bond Yields
09:55

Instructor Doug Carroll discusses yield to maturity.

Yield to Maturity
09:03

Instructor Doug Carroll compares and discusses yield to maturity versus rate of return.

Yield to Maturity Versus Rate of Return
10:06

Instructor Doug Carroll discusses yield to maturity as an expression of current value and concludes the Fundamental Financial Math section.

Yield to Maturity as an Expression of Current Value
07:50
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Yield Curve Dynamics
19 Lectures 03:05:58

Instructor Doug Carroll introduces Yield Curve Dynamics and the basics of yield curves.

Preview 09:44

Instructor Doug Carroll discusses types of yield curves and yield curve spreads.

Types of Yield Curves and Yield Curve Spreads
09:42

Instructor Doug Carroll introduces the concept of duration.

Introduction to Duration
07:52

Instructor Doug Carroll identifies and discusses types of duration.

Types of Duration
11:20

Instructor Doug Carroll discusses modified duration.

Modified Duration
09:07

Instructor Doug Carroll demonstrates duration through use of illustrations.

Duration Illustration
10:20

Instructor Doug Carroll discusses the duration of callable bonds.

Duration of Callable Bonds
10:19

Instructor Doug Carroll discusses yield curve shapes and interest rate levels.

Yield Curve Shapes and the Level of Interest Rates
08:16

Instructor Doug Carroll discusses theories on yield curves.

Yield Curve Theories
11:09

Instructor Doug Carroll discusses yield curves and the business cycle.

Yield Curves and the Business Cycle
09:48

Instructor Doug Carroll discusses spot rates and spot rate curves.

Spot Rates and Spot Rate Curves
09:58

Instructor Doug Carroll discusses the calculation of spot rates.

Calculation of Spot Rates
09:17

Instructor Doug Carroll discusses bond valuation and rich/cheap analysis.

Bond Valuation and Rich/Cheap Analysis
11:18

Instructor Doug Carroll discusses treasury strips and the strip rate curve.

Treasury Strips and the Strip Rate Curve
11:19

Instructor Doug Carroll discusses forward rates.

Forward Rates
10:01

Instructor Doug Carroll discusses calculating forward rates.

Calculating Forward Rates
10:27

Instructor Doug Carroll discusses applications of forward rates.

Forward Rate Applications
05:07

Instructor Doug Carroll discusses total return analysis.

Total Return Analysis
10:59

Instructor Doug Carroll illustrates total return analysis and concludes the Yield Curve Dynamics section.

Total Return Analysis Illustration
09:55
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Fixed Income Securities
24 Lectures 04:19:30

Instructor Doug Carroll introduces Fixed Income Securities and discusses the basics of fixed income securities and markets.

Preview 10:17

Instructor Doug Carroll discusses the apsects of the primary market, specifically relating to issuing bonds to borrow funds.

The Primary Market: Issuing Bonds to Borrow Funds
10:41

Instructor Doug Carroll discusses the similarity of bonds to loans, and also addresses bond valuation issues.

Similarity of Bonds to Loans & Bond Valuation Issues
11:10

Instructor Doug Carroll discusses bond contract features.

Bond Contact Features
11:11

Instructor Doug Carroll discusses bond coupons, accrued interest and bond pricing conventions.

Bond Coupons, Accrued Interest and Bond Pricing Conventions
12:03

Instructor Doug Carroll discusses day count conventions and bond retirement.

Day Count Conventions & Bond Retirement
12:25

Instructor Doug Carroll identifies and discusses various risk types.

Types of Risk
10:38

Instructor Doug Carroll discusses sources of return and bond yields.

Sources of Return & Bond Yields
12:08

Instructor Doug Carroll discusses bond yields, yield to maturity, and rate of return.

Bond Yields, Yield to Maturity and Rate of Return
08:24

Instructor Doug Carroll discusses yield curves.

Yield Curves
08:46

Instructor Doug Carroll discusses yield curves and government securities.

Yield Curves & Government Securities
10:06

Instructor Doug Carroll discusses government bonds and US treasury securities.

Government Bonds & US Treasury Securities
12:16

Instructor Doug Carroll discusses corporate fixed income securities.

Corporate Fixed Income Securities
11:38

Instructor Doug Carroll discusses the credit risk of corporate securities and trust indentures.

Credit Risk of Corporate Securities & Trust Indentures
08:56

Instructor Doug Carroll discusses secured and unsecured bonds.

Secured and Unsecured Bonds
12:29

Instructor Doug Carroll discusses convertible securities.

Convertible Securities
12:06

Instructor Doug Carroll discusses preferred stocks and introduces structured securities.

Preferred Stocks & Introduction to Structured Securities
09:42

Instructor Doug Carroll discusses asset securitization and introduces mortgage backed securities.

Asset Securitization & Introduction to Mortgage Backed Securities
10:17

Instructor Doug Carroll discusses mortgage backed securities.

Mortgage Backed Securities
11:29

Instructor Doug Carroll discusses CMOs and introduces asset backed securities.

CMOs & Introduction to Asset Backed Securities
09:38

Instructor Doug Carroll discusses credit card and auto loan asset backed securities.

Credit Card and Auto Loan Asset Backed Securities
09:22

Instructor Doug Carroll discusses collateralized debt oblications.

Collateralized Debt Obligations
11:22

Instructor Doug Carroll discusses CDOs and money market instruments.

CDOs and Money Market Instruments
11:44

Instructor Doug Carroll discusses agency securities, regional/local government debt securities, and concludes the Fixed Income Securities section.

Agency Securities & Regional/Local Government Debt Securities
10:42
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Equity Products
16 Lectures 02:28:43

Instructor Spencer Morris introduces Equity Products and discusses various types of products/shares.

Preview 10:27

Instructor Spencer Morris discusses buying shares and equities.

Buying Shares & Equities
08:03

Instructor Spencer Morris demonstrates an example using Tesco.

Tesco Example
07:59

Instructor Spencer Morris discusses the various types of shares and exchanges.

Types of Shares and Exchanges
11:23

Instructor Spencer Morris discusses depository receipts.

Depository Receipts
07:04

Instructor Spencer Morris identifies types of investors, and discusses diversification and volatility.

Types of Investors, Diversification and Volatility
07:03

Instructor Spencer Morris discusses various types of indices (part 1 of 2)

Types of Indices Part I
07:23

Instructor Spencer Morris discusses various types of indices (part 2 of 2)

Types of Indices Part II
08:52

Instructor Spencer Morris discusses tracking funds.

Tracking Funds
10:13

Instructor Spencer Morris discusses exchange traded funds (ETF's).

Exchange Traded Funds (ETF's)
06:57

Instructor Spencer Morris introduces derivatives.

Introduction to Derivatives
07:07

Instructor Spencer Morris discusses forward contracts.

Forward Contracts
06:42

Instructor Spencer Morris discusses futures.

Futures
13:18

Instructor Spencer Morris discusses equity swaps.

Equity Swaps
07:57

Instructor Spencer Morris discusses options.

Options
12:32

Instructor Spencer Morris discusses structured products such as warrants, certificates and notes, and concludes the Equity Products section.

Structured Products (Warrants, Certificates and Notes)
15:43
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Futures & Options
27 Lectures 04:37:34

Instructor Doug Carroll introduces Futures & Options, and discusses the types of derivative contracts and their characteristics.

Preview 10:44

Instructor Doug Carroll compares derivatives to securities.

Derivatives Compared to Securities
09:16

Instructor Doug Carroll discusses and defines derivatives.

Derivatives Defined
09:37

Instructor Doug Carroll discusses futures terminology and contract features.

Futures Terminology and Contract Features
09:17

Instructor Doug Carroll discusses physical delivery to close a futures position.

Physical Delivery to Close a Futures Position
09:10

Instructor Doug Carroll discusses cash settlement and OTC derivatives.

Cash Settlement, OTC Derivatives
11:59

Instructor Doug Carroll discusses the futures clearinghouse and third party contracts.

Futures Clearinghouse and Third Party Contracts
10:32

Instructor Doug Carroll discusses futures margins and contracts.

Futures Margins and Futures Contracts
11:09

Instructor Doug Carroll discusses clearinghouse and futures trades.

Clearinghouse and Futures Trades
11:07

Instructor Doug Carroll discusses comparing futures versus underlying positions.

Comparing Futures Versus Underlying Positions
10:11

Instructor Doug Carroll discusses futures position cash flows and hedging with futures.

Futures Positon Cash Flows and Hedging with Futures
10:16

Instructor Doug Carroll discusses futures positions, concentrating on risk and the cost taking position.

Futures Positions: Risk and the Cost Taking Position
09:39

Instructor Doug Carroll discusses the cost of carry and carrying charges.

Cost of Carry/Carrying Charges
11:01

Instructor Doug Carroll discusses cost of carry pricing and the forward pricing curve.

Cost of Carry Pricing and The Forward Pricing Curve
17:23

Instructor Doug Carroll discusses the fundamentals of options, relating to contract features and terminology.

Option Fundamentals: Contract Features and Terminology
07:33

Instructor Doug Carroll demonstrates an example of an option contact, showcasing long call positions.

Option Contract Example: Long Call Positions
08:55

Instructor Doug Carroll discusses option pricing basics.

Option Pricing Basics
11:59

Instructor Doug Carroll discusses time value, intrisic value, and moniness.

Time Value, Instrinsic Value and Moniness
12:06

Instructor Doug Carroll discusses short option positions.

Short Option Positions
09:04

Instructor Doug Carroll discusses the investment characteristic of options.

Investment Characteristic of Options
13:32

Instructor Doug Carroll gives an overview of long put, short call and short put positions.

Overview of Long Put, Short Call and Short Put Positions
08:04

Instructor Doug Carroll discusses option pricing and sensitivities (the option "greeks").

Option Pricing and Sensitivities (Option "Greeks")
08:38

Instructor Doug Carroll discusses options deltas.

Option Deltas
08:21

Instructor Doug Carroll discusses delta hedging.

Delta Hedging
07:52

Instructor Doug Carroll provides a delta neutral hedging example.

Delta Neutral Hedging Example
09:19

Instructor Doug Carroll discusses the Black-Scholes model and option volatility (vega).

Black-Scholes and Option Volatility (Vega)
09:41

Instructor Doug Carroll discusses implied volatility and volatility trading, and concludes the Futures & Options section.

Implied Volatility and Volatility Trading
11:09
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Interest Rate Swaps
20 Lectures 03:27:48

Instructor Doug Carroll introduces Interest Rate Swaps.

Preview 10:04

Instructor Doug Carroll discusses the basics of interest rate swaps.

Interest Rate Swap Basics
08:56

Instructor Doug Carroll discusses contract features of interest rate swaps.

Interest Rate Swap Contract Features
10:22

Instructor Doug Carroll discusses fixed for floading interest rate swaps.

Fixed for Floating Interest Rate Swaps
10:36

Instructor Doug Carroll discusses periodic settlement payments on interest rate swaps.

Periodic Settlement Payments on Interest Rate Swaps
09:30

Instructor Doug Carroll discusses hedging cash flow uncertainty with interest rate swaps.

Hedging Cash Flow Uncertainty with Interest Rate Swaps
10:08

Instructor Doug Carroll discusses the net interest cost of a synthetic fixed coupon bond.

Net Interest Cost of a Synthetic Fixed Coupon Bond
11:38

Instructor Doug Carroll discusses OTC clearinghouses.

OTC Clearinghouses
11:56

Instructor Doug Carroll discusses and compares cleared swaps versus OTC swaps ex-clearinghouse.

Cleared Swaps Versus OTC Swaps Ex-Clearinghouse
10:59

Instructor Doug Carroll discusses how OTC clearinghouses function.

Functioning of OTC Clearinghouses
10:42

Instructor Doug Carroll discusses terminating a swap before maturity.

Terminating a Swap Before Maturity
10:02

Instructor Doug Carroll discusses interest rate swap pricing.

Interest Rate Swap Pricing
11:01

Instructor Doug Carroll discusses pricing fixed for floating interest rate swaps.

Pricing Fixed for Floating Interest Rate Swaps
10:48

Instructor Doug Carroll discusses valuing swaps and hedging cash flow uncertainty.

Valuing Swaps, Hedging Cash Flow Uncertainty
13:17

Instructor Doug Carroll discusses managing the cash flow risk of fixed and floating rate assets.

Managing the Cash Flow Risk of Fixed and Floating Rate Assets
09:48

Instructor Doug Carroll discusses basis swaps (fixed versus floating swaps).

Basis Swaps (Fixed Versus Floating Swaps)
07:39

Instructor Doug Carroll discusses capital market equivalents for the fixed and floating rate payers.

Capital Market Equivalents for the Fixed and Floating Rate Payers
09:13

Instructor DOug Carroll discusses value hedging and asset swaps.

Value Hedging, Asset Swaps
11:28

Instructor Doug Carroll discusses variations in the structure of interest rate swaps.

Variations in the Structure of Interest Rate Swaps
10:47

Instructor Doug Carroll discusses structuring and pricing basis swaps, and concludes the Interest Rate Swaps section.

Structuring and Pricing Basis Swaps
08:54
About the Instructor
Paul Siegel
4.2 Average rating
725 Reviews
5,865 Students
17 Courses
Education you can bank on

We deliver superlative, hands-on and practical corporate and investment banking education that you can use immediately in your job, or that next great job you are looking to start. We focus on making complex subjects readily understandable and usable. If you want to take a great leap forward in your finance career, we are here to make that happen.

Our instructors are practitioners who have worked in the field of finance. They relate the subjects covered to real work situations you will encounter in your banking job. So, the concepts are real, the coverage is at the right level of depth, and the material is easy to absorb.