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Interest Rate Swaps

Interest Rate Swaps are analyzed, considering a variety of different structures, pricing and valuation, & applications.
3.6 (19 ratings)
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375 students enrolled
Created by Paul Siegel
Last updated 3/2014
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  • 3.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What Will I Learn?
You'll learn about pricing interest rate swaps
You'll learn the applications of interest rate swaps
You'll learn the features and functions of OTC clearinghouses and how they work
You'll learn various risk concerns with interest rate swaps and solutions for risk management
View Curriculum
  • A financial calculator is recommended for this course.
  • Knowledge of the English language.

This course looks at interest rate swaps in detail. First, swaps in general are introduced, then we will be looking at the structure of the most common type of interest rate swap - the fixed or floating interest rate swap. We will also consider a variety of different structures, pricing and valuation, and applications - both risk management and speculative.

This course contains 20 lectures within 5 sections:

  • Introduction to Interest Rate Swaps
  • Risk Management of Floating Rate Liabilities
  • OTC Clearinghouses
  • Swap Pricing and Valuation
  • Risk Management with Interest Rate Swaps
Who is the target audience?
  • Relationship managers (0-5 years) in commercial, corporate and investment banking.
  • Analysts and associates in commercial, corporate and investment banking.
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Curriculum For This Course
Expand All 20 Lectures Collapse All 20 Lectures 03:27:48
Introduction to Interest Rate Swaps
3 Lectures 29:22

Instructor Doug Carroll introduces the course.

Preview 10:04

Instructor Doug Carroll discusses the basics of interest rate swaps.

Interest Rate Swap Basics

Instructor Doug Carroll discusses the features of interest rate swap contracts.

Interest Rate Swap Contract Features
Risk Management of Floating Rate Liabilities
4 Lectures 41:52

Instructor Doug Carroll discusses fixed for floating rate swaps.

Fixed for Floating Interest Rate Swaps

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

Periodic Settlement Payments on Interest Rate Swaps

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

Hedging Cash Flow Uncertainty with Interest Rate Swaps

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

Net Interest Cost of a Synthetic Fixed Coupon Bond
OTC Clearinghouses
3 Lectures 33:37

Instructor Doug Carroll discusses OTC clearinghouses.

OTC Clearinghouses

Instructor Doug Carroll discusses the cleared swap versus OTC swaps ex-clearinghouse.

Cleared Swaps Versus OTC Swaps Ex-Clearinghouse

Instructor Doug Carroll discusses how OTC clearinghouses function.

Functioning of OTC Clearinghouses
Swap Pricing and Valuation
4 Lectures 45:08

Instructor Doug Carroll discusses how to handle terminating a swap before maturity.

Terminating a Swap Before Maturity

Instructor Doug Carroll discusses interest rate swap pricing.

Interest Rate Swap Pricing

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

Pricing Fixed for Floating Interest Rate Swaps

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

Valuing Swaps, Hedging Cash Flow Uncertainty
Risk Management with Interest Rate Swaps
6 Lectures 57:49

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

Managing the Cash Flow Risk of Fixed and Floating Rate Assets

Instructor Doug Carroll discusses basis in terms of fixed versus floating swaps.

Basis Swaps (Fixed Versus Floating Swaps)

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

Capital Market Equivalents for the Fixed and Floating Rate Payers

Instructor Doug Carroll discusses value heding and asset swaps.

Value Hedging, Asset Swaps

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

Variations in the Structure of Interest Rate Swaps

Instructor Doug Carroll discusses structuring and pricing basis swaps and concludes the course.

Structuring and Pricing Basis Swaps
About the Instructor
4.1 Average rating
485 Reviews
4,060 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.

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