Uncovering The Bond Markets and Emerging Technologies from an Advisor's Perspective
- Finance & Investment
2 days
Weekdays (9am - 5pm)
Singapore Management University
Who Should Attend
Private bankers, advisers and remisiers who would like to understand bonds better in order to advise their clients more effectively and learn about new bond market technologies.
Overview
Bonds form an integral part of investors' portfolios but are often not well-understood, given their complexity in terms of structures and valuation. This course focuses on helping wealth advisors and relationship managers develop a stronger understanding of the bond markets - what moves them and why. This will allow them to advise their clients better with respect to their bond investments. It will also throw light on emerging technologies in the bond markets as they transition from OTC to electronic trading.
Dates: [To be determined]
Learning Objectives
- Develop a strong understanding of bond market fundamentals
- Better explain macroeconomic events/ news and their impact on financial markets to your clients
- Analyse corporate bonds with a focus on high yield bonds
- Learn the finer intricacies of perpetual bonds and CoCos
- Know about the future of fixed income i.e. electronic bond trading and the use of AI
- Get real-world experience of electronic bond trading via a simulation
Topic/Structure
Bond Fundamentals & Valuation
- The Math Behind Price & Yield
- COLT Framework: Credit Ratings, Optionality, Liquidity & Tenor
Monetary Policy & The Yield Curve
- Central Bank Tools
- Quantitative Easing
- Term Structure
- Yield Curve Inversion & Control
Corporate Bond Analysis
- Seniority
- G Spread, Z Spread & OAS
- Complex Corporate Structures – SPVs, HoldCos, OpCos
- Predicting Defaults - Altman's Z Score
- High Yield Analysis
- Common Covenants
Bank Perpetuals (CoCos)
- Bank Capital Structure
- Coupon Resets and YTC vs. YTM
- Triggers & Risk Absorption Mechanism
Future of Bond Trading
- Electronic Trading
- Application of Blockchain Technology
- Adoption of Artificial Intelligence
- New Role of Intermediaries
Assessment
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course in the form of a bond trading simulation.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Calculate Programme Fee
Fee Table
| COMPANY-SPONSORED | |||
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
SME |
NON-SME |
|
Singapore Citizen < 40 years old Permanent Resident LTVP+
|
$654 (After SSG Funding 70%) |
$254 (After SSG Funding 70% |
$654 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
|
International Participant |
$2,180 (No Funding) |
$2,180 (No Funding) |
$2,180 (No Funding) |
All prices include 9% GST
Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.
Self Sponsored
SkillsFuture Credit
Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.
This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.
Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).Workfare Skills Support Scheme
From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.
Company Sponsored
Enhanced Training Support for SMEs (ETSS)
- Organisation must be registered or incorporated in Singapore
- Employment size of not more than 200 or with annual sales turnover of not more than $100 million
- Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
- Trainees must be Singapore Citizens or Singapore Permanent Residents
- Trainees must not be a full-time national serviceman
- Trainees will be able to enjoy ETSS funding only if the company's SME's status has been approved. To verify your SME's status, please click here.
Please click here for more information on ETSS.
Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:
AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)
Intake Information
Dates: [To be determined]
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