UNDERSTAND MONEY MARKETS: calculations and products

Welcome!

Since 2005, we design education programs for professionals who do not have a background in finance. Our ambition is to take away the curtain of complexity to make finance understandable for you and to support your career in the world of finance.

The money market is a vital financial market that is essential to our economy as explained in my Udemy course Understand Banks and Financial Markets, in which more than 33.000 students already participated.

This course, Understand Money Markets will learn you about interest rate calculations and the main products traded on the money markets: deposits, money market securities and repurchase agreements. The course contains more than 1,5 hours of mp 4 video’s accompanied with downloadable pdf documents (total 20 pages) and quizzes to test your skills and understanding with multiple choice questions (total 34).

This course can also be used to prepare you for parts of the ACI certification exams.

Section 2 skills you to understand and make basic interest rate calculations covering several topics such as:

• specific day count conventions

• calculation of single interest coupons

• present and future value calculations

• compare yields with different coupon frequency or day count conventions

• how to compare pure discount with true yield

• the yield curve and implied forward rates

Section 3 is an introduction to traditional money markets benchmarks and products covering topics, such as:

• how and why use money market products

• the domestic- and Euromarkets

• explain several deposit types

• LIBOR and recently introduced overnight money market benchmarks

Section 4 covers Tradable Money market securities, such as:

• characteristics of main securities:
  treasury bills, certificates of deposit and commercial paper

• the calculation of initial consideration at issue date

• the maturity consideration and interest calculation for different products

Finally, section 5 provides in depth knowledge and understanding of repurchase agreements, repos.
The topic basket of this section include:

• legal and economic ownership

• collateral types

• GMRA documentation and failure to deliver collateral

• special trading

• sell/buy back transactions

• reprising versus margins

• repo agents

• the use of hold in custody repos (HIC) used by central banks

Please contact me if you have any questions regarding the course program.

Thank you for your interest!

Michiel van den Broek

We have more successful Udemy bank courses for you. Thousands have already completed our first course: Understand Banks and Financial Markets. 

Our new eLearning Understand Financial Risk from Banking will grow your understanding of the business model of banks. Course completion can also benefit professionals that work in other financial institutions, such as pension funds, insurance companies and investment firms.