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Bermuda Chartered Accountants Offer Derivatives Course

The Professional Development Committee of the Institute of Chartered Accountants of Bermuda are pleased to announce a two-day seminar on Financial Derivatives.

October 8 and 9, 1998

November 5 and 6, 1998

November 9 and 10, 1998

The Derivatives Seminar is designed to give the attendee an in-depth knowledge of these securities. The rapid increase in the use of these instruments among institutional investors has greatly increased the demands on accounting and systems professionals. This seminar will help the attendee gain a thorough understanding of how these securities are structured, why they are important to portfolio management, and the accounting and systems concerns which pertain to them.

During the Derivatives Seminar, the attendee will concentrate on gaining a broad, comprehensive knowledge of the various types of Derivative securities which are bought and owned by institutional investors. There will be discussion as to why these instruments are created, who creates them, and why portfolio managers choose to use them. There will be substantial time spent on all the various types of Derivatives securities with a concentration on Derivatives, swaps, forwards and the various "option based" securities. A portion of the time will also be spent on futures trading, hedging and the marketplace for Derivatives. Of course, all of the accounting and information management issues which result from the above will be covered in detail.

The Derivatives Seminar is ideal for anyone who needs to gain a comprehensive knowledge of the many variations of Derivative securities available in today's marketplace. Persons attending will also build an understanding of the terms and jargon associated with them.

DAY ONE

Introduction/Course Objectives

Wall Street Journal

Options

Option Based Derivatives

Futures

Hedging with Futures

DAY TWO

Swaps

Swap Based Derivatives

Swaptions

Caps and Floors

Collars

Forwards

Mortgage-Backed Derivatives

10s and POs

Residuals

For furthe information, please call the Institute at 292-7479