FinanceXplained
Cat01.jpg How The Financial Markets Work
Upcoming dates in English

LU - Senningerberg - 1, 2 & 3 July 2020 - NH Luxembourg (Route Map)
BE - Antwerp - 28,29 & 30 September 2020 - Crowne Plaza (Route Map)
Ask us a question about this course or request In-Company information
PROGRAM OUTLINE for this 3 day course in English
Course Highlight

Strip away the mystique of the world of markets and investments and gain full insight into the origins of these markets. Learn about the key concepts and the structure of capital markets, the key players, the role of the regulatory institutions, the financial instruments, the risk and derivatives.

On a daily basis we are overwhelmed with news and from a publisher’s perspective, is that they’re addictive. A story which doesn’t unfold, all in one, goes like a novel and fills in, bit by bit over days.
The story of financial markets, as presented in various media, is like that.  Every day we get a few disjointed pieces of information and for some reason they rarely add up to a practical market principles, like diversification or the understanding of markets and efficiency. 

In order to manage your business, it is vital that strategies and plans can be developed with realistic prospects of success.

You will learn tools and frameworks to help understand and predict the medium- to long-run performance of economies to mitigate risk, develop growth plans, and make decisions, both locally and abroad. Participants will leave the program with a better understanding of the global economic environment, global market strategy, macroeconomics, and how these things impact their company and their business decisions.

The 3 days are designed to remove the confusion that often surrounds the financial markets. It looks at markets from a global perspective and helps you to understand the drivers, companies and products that influence them.

You will gain full insight into the origins of the capital markets, key theory, the key players and the role of the regulatory institutions. We study the main financial products and the uses and abuses of derivatives.

We will explore:

  • What makes up a market, where is the market, is the market attractive, where does the market exist and in which form? 
  • The fundamentals of financial markets and key theory
  • The Issuers and borrowers of funds
  • The key players in the financial markets including issuers, investors and intermediaries
  • The key features of both equity and debt products
  • What we mean by systematic and unsystematic risk 
  • The structure of the FX market
  • The derivative markets including futures, options and swaps. 
  • The role of commercial and investment banks
  • Market regulation and monitoring
  • Global market risk and instrument risk
  • Introduction to qualitative and quantitative measures

 

Recommend background

This course is designed for all professionals directly or indirectly involved in financial markets or decision making in these markets either internally or externally and wanting to broaden their perspectives by adding international capital market, finance knowledge and wider management skills.

What You Will Learn

The course covers the entire spectrum of capital markets, detailing all the main principles and explaining all the jargon used. You will learn principles of market efficiency, how the markets behaved in a pre and post credit crunch, and how they have been affected by the cycle of economic slowdown and recovery. Learn the different types of financial instruments, how the different actors behave in the market and how to assess and minimise risk based on your own expectations.

Course format

Practice-based learning and critical engagement is a key theme through all our courses allowing delegates to acquire the needed skills and techniques to be applied as soon as they are learned and developed.

Syllabus
Day 1:

 

The Fundamentals of markets:

  • Investors and Expectations
  • The Borrowers, perspective and leverage
  • The Time Value of Money
  • Discounted Cash flows
  • National and Global Economies
  • Perfect Markets
  • Efficient Markets
  • Inefficiency and Market Bubbles
  • Portfolio Theory
  • Risk Versus Return

 

Issuers and Borrowers of Funds: 

  • Exploring the role and function of governments, corporate (Domestic and International), municipals, supranational organisations, financial Institutions and agencies. 

 

The Investors of Funds: 

  • Exploring the role and function as investors of corporate , pension funds, asset managers, insurance companies, hedge funds, money Managers, commercial and central banks, governments and private individuals 

 

Day 2:

 

The core financial instruments: 

  • What makes up the market? 
  • Which financial instruments are available 
  • What are the characteristics of each financial instrument and associated risk?
  • Equity, debt (bonds and notes), convertibles, loans, CD's and CP, currencies, foreign exchange and securitised instruments

 

The Derivatives:

  • Exploring the use of forwards contracts, future contracts, options, SWAPS and credit default swaps

 

World Exchanges and Financial Markets: 

  • What are the main characteristics, size and associated risk of global equity markets, fixed income markets, global money markets, foreign exchange markets, derivatives market, commodities markets and the real estate market? 

 

Role of Commercial and Investment Banks:

  • Understanding the key players and their actions. 
  • The role of commercial banks, spreads commission and fees, credit pricing models, investment banks, market making, trading and broking, custody and operations

 

Day 3:

 

Global Market Risk and Instrument Risk: 

  • What drives the market?
  • Which are the global risk factors
  • What is market risk, industry risk and instrument risk?

 

Market Regulation and Monitoring:

  • Global Regulatory Institutions and their function
  • Basel III and banking
  • Banking Regulation and the Front, Middle and Back office perspective
  • IFRS and the corporate
  • The role of the auditors

 

The Corporate Life Cycle and Market Interaction:

  • The search for value
  • The Debt / Equity structure
  • Corporate Governance
  • Agency Theory
  • The Dividend Policy
  • IPOs and private placements
  • Subscriptions, general cash offers, stock splits and scrip issues

 

Introduction to Qualitative Analysis 

  • Exploring qualitative measures determining value. 
  • Equity and company valuation
  • Forecasting earnings
  • Equity risk premiums

 

Introduction to Quantitative Measures 

  • Exploring quantitative measures determining value. 
  • Statistical measures and market returns
  • Correlation and Regression
  • Time series Analysis
  • Portfolio Concepts

 

 

Price and Registration Dates
Course Fee: € 1890 (VAT exclusive ) ** Prices and conditions might slightly change depending on country **
Early booking discount: 
A 10% discount is available if you register 2 month(s) before the course start date.

Belgium Subsidies: Flanders KMO-portefeuille: DV.O225876 and the Brussels Capital Region.
 

LU - Senningerberg :   1, 2 & 3 July 2020
Number of Days: 3
Timing: From 09:00 till 17:00

Price: 1890 Euro  (Vat Exclusive)
Early booking discount: A 10% discount will be applied if you register before or on 02/05/2020
NH Luxembourg
Route de Tréves 1
2633 LU - Senningerberg
Luxembourg

BE - Antwerp :   28,29 & 30 September 2020
Number of Days: 3
Timing: From 09:00 till 17:00

Price: 1890 Euro  (Vat Exclusive)
Early booking discount: A 10% discount will be applied if you register before or on 30/07/2020
Crowne Plaza
Gerard le Grellelaan 10
2020 BE - Antwerp
Belgium

LU - Senningerberg :   26,27 & 28 October 2020
Number of Days: 3
Timing: From 09:00 till 17:00

Price: 1890 Euro  (Vat Exclusive)
Early booking discount: A 10% discount will be applied if you register before or on 27/08/2020
NH Luxembourg
Route de Tréves 1
2633 LU - Senningerberg
Luxembourg





Course Lecturers
Kris De Clercq, MBA

Kris has lectured finance to managers for more than 17 years in Europe and Eastern Europe. His teaching as an associate for a UK based global business school included “Issues in International Finance and Investments”,” Corporate Finance” and “Issues in IFRS”. His industry experience is over 20 years working for asset managers, investment banks, global custodians in the UK, Luxembourg and Belgium. He received a universities award for innovation in finance teaching and learning.  


Mag. Johannes Hofinger, MBA, FRM

Johannes Hofinger is specialized in Risk Management, Basel III, IFRS and regulatory reporting. His professional skills are reinforced by strong academic roots. He lectures for global business schools in corporate finance, managerial accounting and financial reporting. The main roles undertaken are lecturing, consulting and project management.  


Our International Experience
Participant feedback

A course with 10 participants is very good to favour the interactivity. Thanks for the perfect course content and lecture.

Very good course, teacher, and approach. Material available on-line prior the course + request to the participants about their expectations from the course.

A pleasant and knowledgeable instructor with a lot of interaction among participants.

An excellent course for people like myself.

Congratulations! Very well done. Nothing more to add.

I really appreciated the empathy and skills of the lecturer Bruno Bosch. Also, the size of the group (7 persons) was perfect to have the necessary interactivity throughout the course.

I strongly recommended this training to my colleagues as I found it very useful.

I think this was one of the best course I've ever attended. The trainer, Mrs Maureen, was extremely pedagogic and the structure of the course was very well planned with just the right mixture of theory versus practical examples and exercises.

It was a very enjoyable course. The group was small which made it easier to be 100% involved.  The exercises and case study were absolutely great and necessary to put the theory in practice. A very knowledgeable teacher.

It was nice to have a lecturer with profound knowledge on the topic so that the level of discussion could go further than the simple basics of valuation.

Lecturer had good understanding of the subject and good understanding of practical application.

Perfect for me. Exactly what I was looking for.

Thank you for the training, which was very clear and met my needs.

The course absolutely answered my expectations and needs.

The lecturer is a knowledgeable person with real market experience which is a plus.

The lecturer is excellent. She explained clear and control good interaction with students.

The training format and takeaways corresponds to what I expected. Thanks for the good preparation

Theoretical explanations good and with good interaction with audience.

There were lots of real life examples and relation to peoples own industries.

This was an excellent course and Kris made it very interesting and useful. He is highly knowledgeable, skilled and open to suggestions.

Thumbs up Maureen!

Very good and interesting training. One of the best I ever had.

 

Companies who attended our courses

 

 
AG Insurance
Allianz Benelux
Argenta NV
AXA Belgium
Baloise Insurance
Banca Monte Paschi Belgio S.A.
Bank De Groof
Banking Association (Kosovo)
Belfius Investment Partners
BNP Paribas Fortis
Bpost Bank
Buy Way
CBC Bank
Cegeka
Celio Finance SPRL
Credendo
Delen Private Bank
Delta Lloyd Life
Deutsche Bank AG
DKV Belgium
Ethias SA
Euler Hermes Services
Euroclear Bank SA/NV
Euroclear Investments
Europ Assistance
European Investment Bank - EIB (Luxembourg)
European Union - EDFIMC / ElectriFI
Flanders Investment & Trade
Gras Savoye Belgium
Incofin Investment Management
ING Bank België
KBC Bank
Mastercard
Ministry of European Integration (Kosovo)
National Bank of Belgium
NN Insurance Belgium
Petercam
Record Bank
Société Générale Private Banking
SWIFT
The Royal Bank of Scotland (RBS)
Triodos Bank
VGD International -Audit & Tax
Wolters Kluwer Financial Services
Zurich Insurance plc, Belgium branch
Vanbreda International
 
 
 
Afton Chemical SPRL
Air Liquide
Allnex Belgium SA/NV
ANL Plastics
Ansell
ARC EUROPE SA
Arcelor Mittal ( Belgium & Luxembourg)
Axalta Coating Systems 
BASF Antwerpen
BASF Belgium Coordination Center
Beaulieu International Group
Bekaert
Borealis Polymers NV
Bridgestone Europe SA
CNH Industrial Belgium NV
Cofely Fabricom
Cytec Belgium
DOMO Chemicals (Germany)
Donaldson
Dow Corning
Electrolux Appliances AB - EMA- EMEA (SEE)
Engineered Pressure Systems International
European Owens Corning Fiberglas
Fost Plus
GDF Suez
Griffith Foods
Hamon & Cie
Heraeus Electro-Nite International NV
Jacobs Belgium
KODAK SA/NV
Milliken Europe
Niko Group
NXP Semiconductors - Prodis  (Netherlands)
SOLVAY
SPX Cooling Technologies
Synventive Molding Solutions (Germany)
TERUMO EUROPE
Tessenderlo
Vinçotte International
VPK Packaging Group NV
WABCO
Yara Belgium NV
 
 
 
 
 
Antwerp World Diamond Centre
AVEVE Biochem NV
Carrefour Belgium
Delhaize Corporate Group
Godiva
IKEA 
 
Abbott Logistics B.V. (Netherlands)
AbbVie (Canada)
Agfa HealthCare NV
Alcon
Alcon-Couvreur
Amplifon
AZ Sint-Blasius
Baxter International (Austria)
Catalent Pharma Solutions
CinnaGen (Tehran)
Datwyler Pharma Packaging International
Groep OZ ESV
Hologic
Landelijke Christelijke mutualiteit (LCM)
Mutualités Libres: MLOZ
Novartis Pharma
SA Bristol- Myers Squibb Belgium NV
Stryker (Netherlands)
Terumo BCT Europe NV
UCB
Zorgbedrijf Antwerpen
 
 
 
AW Europe
Belgacom
Belgian Nuclear Research Centre (SCK-CEN)
CISCO
Corelio Printing
De Persgroep Publishing nv
EDF Luminus
Elia System Operator
Engie Electrabel NV/SA
Eni Gas & power
Fluxys Belgium
INFRABEL
Itineris NV
KEYRUS
M-Team
NRB
ORANGE
Proximus
Siemens
Telenet
 
 
Agentschap Innoveren en Ondernemen
Europees Parlement
Ministry of European Integration
National Agency for Protection of Personal Data
Nationale Loterij
SD Diensten NV (SD Worx)
SESAR Joint Undertaking
Stad Antwerpen
Stadsbestuur Harelbeke
Syntra Brussel
UGent - FBW
Vrije Universiteit Brussel (VUB)
 
 
 
Acturus sprl
ARC Europe
BDO 
BIA Africa
Bia Overseas
Brooser BE Operations 
Capgemini
Cipal Schaubroeck
Compass-Group
Computacenter
Computer Task Group
Deloitte Accountancy
Egemin International
Enhesa International
FIS (former Clear2Pay)
Interel Group
K&L Gates
Matexi NV
Minds&More
Pricewaterhouse Coopers
PwC Tax Consultants
Securex
Toreon
Vinçotte International sa
 
 
 
Alcopa
Alstom Belgium
ARC Europe 
Brussels Airport Company
De Lijn
D'Ieteren Auto
EUROCONTROL 
Gemeentelijk Havenbedrijf Antwerpen
Globachem nv
GSC Greensea Chartering 
HONDA Motor Logistics
JBT
Neovia Logistics
NMBS
PSA Antwerp nv
Retail & Wholesale
Seatrade Reefer Chartering
Thalys International
Trimble T&L
Volkswagen Group Services
Wallenius Wilhelmsen Logistics Zeebrugge NV
Westlandia
Witzenmann Benelux nv
 
 
 
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