Foundations of Interest Rate Swaps

Congratulations! Welcome to this course.

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

Learning Objectives (At the end of this course, you will be able to...):

• Understand pricing interest rate swaps
• Discuss the applications of interest rate swaps
• Explain the features and functions of OTC clearinghouses and how they work
• Evaluate the various risk concerns with interest rate swaps and solutions for risk management

Target Audience

• Relationship managers (0-5 years) in commercial, corporate and investment banking.
• Analysts and associates in commercial, corporate and investment banking.

Best wishes to you for a successful program.