Learning Platform

Course: Swaps – Interest rate swaps

About the online training programme

This course explains what interest rate swaps are. It provides an overview of the fundamentals of these instruments and how they can be applied by companies. Furthermore, quite some essentials are set out that are important to know before using these tools to perform treasury management. This includes the valuation of the instruments, as well as their settlement.

Course Contents

This course covers the following video lessons:

1. Forward rate agreement – Introduction
2. Forward rate agreement vs. interest rate swap
3. The first swap ever
4. The two legs
5. Exchange of cashflows
6. Application
7. Specifications
8. Fixed rate loan vs. floating rate loan
9. Hedge interest rate exposures or alter fixed payments to floating obligations
10. Varieties
11. Fixed-for-Floating interest rate swap – Same currency
12. Fixed-for-Floating interest rate swap – Different currencies
13. Floating-for-Floating interest rate swap – Same currency
14. Floating-for-Floating interest rate swap – Different currencies
15. Fixed-for-Fixed interest rate swap – Different currencies
16. Overnight indexed swaps – Fundamentals
17. Overnight indexed swaps – Valuation
18. Application of interest rate swaps
19. Valuation of interest rate swaps – Introduction
20. Valuation of interest rate swaps – Valuation based on bond prices
21. Valuation of interest rate swaps – Valuation based on FRA pricing
22. Valuation of interest rate swaps – Discounting future cashflows to todays value
23. Valuation of interest rate swaps – Yield curve
24. Valuation of interest rate swaps – Dirty & clean value
25. The trading of interest rate swaps – The role of broker-dealers

This course also includes examination and certification.