Courses in english

S1009 - Financial derivative instruments

Durée

2 jours

Public cible

This program is dedicated to professionals of the financial markets : traders, back/middle office, risk managers, accountants, compliance officers, etc.

Objectifs

This program aims to present the features and uses of financial derivatives in a clear, practical way, with numerous real market examples and exercises. The risks associated to the use of derivatives are also analyzed.

Description

• General :
  • derivative (forward) instruments ;
  • the interests yield curve ;
  • OTC vs exchange products.
• Forward interest rates :
  • concept, valuation ;
  • forward foreign exchange ;
  • FRAs.
• Futures contracts :
  • the futures exchange, margining system ;
  • theoretical vs market price ;
  • futures on stock indexes : speculative trading / hedging ;
  • futures on bonds ;
  • futures on commodities.
• Swaps contracts :
  • IRS, CRS, terminology, contracts features ;
  • Swaps valuation ;
  • the ISDA documentation ;
  • unwinding of a swap ;
  • the swap rates market & yield curve ;
  • speculative trading with swaps ;
  • hedging with swaps.
• Options contracts :
  • definitions & terminology ;
  • the basis of option valuation ;
  • the 4 fundamental strategies ;
  • options on stocks & stock indexes : speculative trading and hedging operations ;
  • options on interest rates (caps, floors, collars) ;
  • swaptions.
• Credit risk derivatives :
  • notions of credit risk ;
  • contractual aspects ;
  • credit risk valuation ;
  • CDS (credit default swap) / TRS (total return swap).

S1050 - Hedge Funds

Durée

2 jours

Public cible

This program is dedicated to professionals of the financial markets : traders, back/middle office, risk managers, accountants, compliance officers, etc.

Objectifs

This program aims to present the features of hedge funds activities, and more generally, of alternative invesment : rationale, underlyings and asset classes, investment styles and related risks including many real market examples and exercises.

Description

• Alternative vs traditional investment.
• Hedge funds, as an alternative investment vehicle; main features.
• The theoritical background; alpha vs beta source of profit.
• Hedge funds assets allocations.
• Hedge funds use of financial instruments & derivatives.
• Hedge funds styles.
• Hedge funds performance & risks.
• Funds of hedge funds.

S1069 - Investment funds in Luxembourg

Durée

2 jours

Public cible

This seminar is for people who want to understand investment funds and their importance for Luxembourg.

Objectifs

This seminar aims to provide the basis for understanding the mechanisms of operation investment funds, as well as the importance of this industry for the Luxembourg financial center. It also gives elements of understanding on management and distribution of investment funds.

Description

• Investment funds :
  • funds characteristics ;
  • different types of funds ;
  • interest of investment funds.
• Investment funds administration :
  • fund accounting ;
  • net asset value computation ;
  • register of shareholders.
• Fund management :
  • portfolio management ;
  • respect of the objectives ;
  • performance and risk.
• Investment funds distribution :
  • distributors ;
  • prospectus ;
  • KIID.
• The place of Luxembourg :
  • importance of investment funds ;
  • evolution of the Place ;
  • perspectives.

S1185 - Selling financial products

Durée

Public cible

This seminar is aimed at any member of staff in contact with customers and selling financial product and services.

Objectifs

This seminar aims to allow you to sell faster and better thanks to a systematic approach and a proven product description. Case studies can be defined by the participants if they so wish. In any event they are geared towards the reality of the financial centre and the economic environment.

Description

• Marketing :
  • what is a brand ?
  • the marketing approach ;
  • the basic principles of marketing ;
  • customer profiling ;
  • competition.
• Financial products in the economic environment :
  • a mental framework for economics ;
  • the interest rates ;
  • the intervention of the central bank ;
  • the research of a balance between various policies.
• The selling technique :
  • selling in four phases ;
  • harmony within a transaction framework ;
  • the delicate situations ;
  • the follow-up ;
  • selling through various communication channels.
• Exercise typology :
  • the sale of asset products ;
  • the sale of liabilities products ;
  • the sale of off-balance sheet products ;
• The basic principles of asset allocation.

S1192 - Advanced Lux GAAP : mastering the fundamentals

Durée

Public cible

This seminar is aimed at all professionals looking for a training that provides a working knowledge on accounting and F/S under Lux GAAP.

Objectifs

This seminar aims to give a comprehensive review of Lux GAAP, based on a detailed analysis of its local sources. The purpose is to deal more efficiently with a principles-based set of accounting rules where a detailed guidance is not easily accessible (legal commentaries being in French only) and its lacking for certain items.

Description

• The real meaning of "Lux GAAP".
• The legal framework, i.e. accessing and understanding :
  • the commercial law ("Code de Commerce") ;
  • the company law
  • the current amended version of the applicable laws and grand-ducal regulations on the annual accounts and on the consolidated annual accounts;
  • the regulations on the Standard Chart of Accounts ("Plan comptable normalisé") and on the electronic filing of the annual accounts.
• Comprehensive study of the classic Lux GAAP (with illustrative examples) :
  • the balance sheet and its components ;
  • the profit and loss account and its components ;
  • the other statements (legal options).
• The alternative use of the IFRS or of the "Lux GAAP at fair value"(legal options). 
• The use of other GAAP in Luxembourg (legal departure).

Notes

A course session is available in French (with the same course material in English).

S1197 - Financial innovations and complex financial instruments

Durée

Public cible

This program is dedicated to professionals of the financial markets : traders, back/middle office, risk managers, accountants, compliance officers, etc.

Objectifs

This program aims presenting the array of more sophisticated financial instruments and techniques going one step further than the 'Financial derivative instruments'.

Description

• Second generation derivatives :
  • forward contracts : NDFs, CFDs ;
  • swaps : 0-coupon, performance swaps, volatility swaps, CMS ;
  • "exotic" options : barrier options, digital options, average ("asian") options.
• Structured products :
  • typology ;
  • structures on interest rates ;
  • structures on currencies ;
  • structures on stocks and stock indexes : simple structures, "principal protected" products, reverse convertibles, autocalls.
• Financial instruments, operations & markets, at large :
  • the ETFs market ;
  • contingent convertibles ;
  • securitization and synthetic securitization ;
  • private equity investment.

S1204 - Advanced Lux GAAP : complex accounting treatments and financial reporting disclosures

Durée

Public cible

This seminar is aimed at professionals having an understanding of Lux GAAP (see training S1192) and willing to develop their knowledge.

Objectifs

This seminar aims to provide workable solutions derived from the local accounting practice (including the "plan comptable normalisé" or PCN) or from other GAAP (insofar the latter can be adapted to the Luxembourg GAAP). It includes exercices or illustrative materials on the accounting treatment and on the annual accounts' disclosure.

Description

• Analysis of selected balance-sheet items :
  • rights in immovable property (the "droits réels immobiliers") ;
  • finance lease ;
  • specific value adjustments on shares ;
  • specific value adjustments on other securities ;
  • optional use of fair-value of non-financial assets ;
  • optional use of fair-value of financial assets ;
  • provision for pension ;
  • specific value adjustments on financial liabilities.
• Analysis of selected profit and loss account items :
  • specific issues with revenue recognition ;
  • financial income and expenses;
  • foreign currencies' translation versus similar transactions ;
  • deferred taxes.

Notes

A course session is available in French (with the same course material in English).

S1215 - Essentials of financial derivative instruments

Durée

Public cible

This program is dedicated to professionals of the financial markets : traders, back/middle office, risk managers, accountants, compliance officers, etc.

Objectifs

This program aims to present the features, risks and uses of financial derivatives for non practitioners, in a clear, practical way with numerous real market examples.

Description

• General about derivatives instruments and markets :
  • OTC market vs exchanges. 
• Introducing forward products : 
• • futures and forwards on stock indexes ;
  • IRS swaps ;
  • options on stocks and stock indexes ;
  • bonds & interest rates ;
  • currencies ;
• Commodities :
• • principle & main uses (hedging , speculative trading).
• Credit derivatives :
• • the default risk concept and measure ;
  • contractual aspects (ISDA).
• Products :
• • CDS, TRS.

S1223 - Pricing, valuation of derivative products

Durée

Public cible

This program is dedicated to professionals of the financial markets : traders, back/middle office and risk managers.

Objectifs

This program aims evidencing in a clear way, without focusing on pure mathematical developments, the fundamentals of derivatives prices, hypotheses and limits of usual methodologies, with real market examples.

Description

• Fundamental principles and tools for valuing derivative products :
• • the major role of the yield curve and corresponding forward prices.
• Pricing/valuation of unconditional derivatives (forwards , futures , swaps) :
  • on stocks and stock indexes ;
  • bonds & interest rates ;
  • currencies ;
  • commodities.
• Pricing/valuation of conditional derivatives (options) :
  • in a contingent environment ("random walk" , volatility) ;
  • on stocks and stock indexes ;
  • bonds & interest rates ;
  • currencies.
• Pricing/valuation of credit derivatives.

S1225 - Business plan and budget techniques

Durée

Public cible

This seminar is aimed at everyone willing to understand business planning and budgeting techniques.

Objectifs

This seminar aims to provide knowledge on business plan building techniques and it especially insists on budget aspects of a business plan. It aims to provide basic budgeting techniques as well as simple methods regarding product and services offering definition and pricing techniques.

Description

• Business plan :
  • what is the purpose of a business plan ?
  • what should be included in a business plan ?
  • what is the purpose of a forecast budget?
• Data needed to achieve a forecast budget :
  • business requirements and investments ;
  • products / services pricing ;
  • turnover forecast ;
  • marketing, communication and costs ;
  • charges ;
  • depreciation ;
  • taxes.
• Financial data / Budget estimate :
  • funding plan ;
  • forecast result ;
  • profitability threshold / breakeven ;
  • working capital requirements / cash.
• Examples.

S1237 - Company valuation

Durée

Public cible

This seminar is targeting investors, fund directors and managers, accountants and auditors in the PE field.

Objectifs

This seminar aims at teaching the participants how to use professional company valuation methods with the help of practical examples drawn from real life. After reviewing the « best practices » of the financial industry, the participants will themselves have the opportunity to implement the taught methods on a real case.

Description

• Know the professional valuation standards.
• Understand definitions and basic concepts.
• Understand the principles of the different valuation methods.
• Be able to use the various methods on a practical example.
• Be able to interpret and compare the results.

Notes

This seminar may also be of interest for entrepreneurs and business owners who envisage to buy or sell a business, as it is conceived as a hands-on workshop.

S1250 - Advanced Lux GAAP : financial and non-financial reporting disclosures, including rights and commitments

Durée

Public cible

Ce séminaire s'adresse aux professionals looking for a training that provides a working knowledge on F/S under Lux GAAP.

Objectifs

Ce séminaire vise à give a comprehensive review of Lux GAAP, based on a detailed analysis of its local sources. The purpose is to deal more efficiently with a principles-based set of accounting rules where a detailed guidance is not easily accessible (legal commentaries being in French only) and its lacking for certain items.

Description

• Impact of the classification of the undertaking on the level of reporting disclosures
• Financial disclosures
  • Influences of the general accounting principles;
  • Requirements of section 8  of the Accouting law (art. 65 seq.);
  • Requirements of related articles existing in other sections of the Accounting law;
  • Requirements of other laws and regulations.
• How to deal with a legal requirement expressed in general terms/the absence of accounting best practice ?
• Comprehensive review of the rights and commitments
  • Guarrantees, pledges and similar collaterals;
  • Technical guarantees
  • Commitments to the benefits of the undertaking's bodies; for the purchase of fixed assets; etc.
  • Finance lease
  • Forward contracts
  • Option contracts
  • Other rights and commitments
• Comprehensive review of the related party transactions
• Non-financial disclosures: elements existing in
  • the notes to the annual accounts;
  • the management report;
  • the payments to governements report.
• Illustrative examples will be used to set up an interactive discussion.

Notes

A course session is available in French (with the same course material in English).

S1251 - "PCN 2020" : implementing the new Standard Chart of Accounts

Durée

Public cible

Ce séminaire s'adresse aux professionals looking for a working knowledge on the "PCN 2020" implementation (accounting and F/S).

Objectifs

Ce séminaire vise à provide a practical analysis of the differences between the current and the future version of the SCA. Such knowledge should allow the attendant to identify the impacts (accounting and statutory F/S) of the SCA for its accounting practices, and to update the later; subsequently, to use appropriately the flexibility left by the 2020 SCA.

Description

• Update on the sectoral and individual filing exemptions for the Standard Chart of Accounts (SCA).
• The 2009 version of the Standard Chart of Accounts.
• The draft Grand-Ducal Regulation, dated June 22, 2018 :
  • the weaknesses of the SCA's original version for the public administrations ;
  • the discrepancies with the Accounting law (changes in law occured in 2013 and 2015) ;
  • the remedies to the above issues in the said draft regulation, including the automatically generated  B/S and P/L (eCDF).
• The related eCDF electronic documents. 
• The available explanatory materials. 
• Analysis of the differences between the current SCA and the 2020 SCA, i.e. accounts that will be created; suppressed; merged; split; transferred to an other caption of B/S or P/L. 
• Illustrative examples of accounting treatments (before and after) :
  • acquisition cost of assets ;
  • gain/loss on disposals of assets ;
  • non-distributable reserves ;
  • results of the year ;
  • investment subsidies ;
  • payroll expenses ;
  • other operating income/expenses ;
  • deferred taxes ;
  • etc.
• The mapping from the SCA to the F/S ("Tableau de passage") :
  • a new component of the F/S filing package ;
  • an new allowance for flexibility?
• Foreseeable impacts of the 2020 SCA on LUX GAAP for :
  • the public administrations ;
  • the other users.

Notes

A course session is available in French (with the same course material in English).

S2182 - Self-efficacy

Durée

1 day

Public cible

This seminar is aimed at any professional concerned about his or her performance improvement.

Objectifs

This seminar aims to familiarise yourself with the many little tips and tricks that can improve your professional performance. Discover that there is an optimal way to motivate the professional in you. It aims at increasing your chances for a successful career through short presentations and case studies.

Description

• Branding :
  • how to become a branded professional ;
  • how to assure that you lead your life like you would be leading a company.
• Techniques of memorisation :
  • performance improvement through the appropriate use of your short and long term memory ;
  • the ten most popular ways to help remembering things effectively.
• Techniques of effective selling :
  • selling an idea or a product is a matter of technique ;
  • the four stages of selling ;
  • the three C's of selling.
• Transactional attitude to reach your objective :
  • the right attitude in function of the customer's profile ;
  • managing delicate situations.
• Information management :
  • selecting, storing and retrieving information ;
  • dispatching useful information.
• Listening to avoid waste :
  • adopting the right and constructive attitude ;
  • anticipating questions and situations.
• Self preservation :
  • improving on your real and perceived weaknesses ;
  • branding, image and communication ;
  • avoiding the myths.

S2218 - The Emotional Intelligence (EI)

Durée

Public cible

This seminar is aimed at increasing the awareness of Emotional Intelligence (EI) and developing its competences.

Objectifs

This seminar aims to help you to recognize the basic elements of Emotional Intelligence (EI), identify the skills and behaviors associated with emotional competences. During this seminar you will explore and reflect on your own personal and social elements of EI, you will gain knowledge and skills how to start consciously reinforcing them on an ongoing basis.

Description

• Emotional Intelligence (EI) :
  • what is EI ?
  • the evolution of EI ;
  • why EI is so crucial in today's society ?
• The emotion :
  • what is the emotion ?
  • the basic emotions ;
  • the role of your emotions in your behaviour ;
  • understanding your own emotions ;
  • understanding the emotions of others.
• Personal elements of EI :
  • self-awareness: emotional awareness, self-assessment, self-esteem, and self-confidence ;
  • self-regulation: self-control, adaptability, and transparency ;
  • motivation.
• Social elements of EI :
  • empathy: active listening, the importance of body language and tonality, elements of the empathic communication ;  
  • social skills: building rapport with others, cooperating with others, managing the relationships, socializing with people of different mindsets.
• Self-assessment :
  • How to increase emotional competence through self-awareness and self-regulation ?
  • How to increase emotional competence through social awareness and social skills ?

S2225 - Building and reinforcing assertiveness skills

Durée

Public cible

This seminar is aimed at anyone willing to build and reinforce assertiveness skills.

Objectifs

This seminar aims to enable you to understand assertive behaviour and how it differs from aggressive and passive behaviour. Assertiveness is a journey, which requires engagement and practice. You will analyze what stops you from being assertive, gain knowledge and skills how to start changing it and respond in accordance with your inner needs and standards.

Description

• Awareness Part :
  • characteristics of different behaviours ;
  • is our behaviour in certain circumstances automated ?
  • conscious response versus automated reaction ;
  • what is the assertive behaviour ?
  • what are the benefits of assertive behaviour ?
  • how can we recognize assertive behaviour ?
  • what is the difference between being assertive and being arrogant ?
  • what are the benefits of interacting with an assertive individual ? 
  • what are the benefits of communicating assertively ? 
  • the different types of aggressive communication behaviour ;
  • disadvantages of aggressive behaviour ;
  • body language and tone of the voice associated with behaviours ;
  • workplace and assertiveness.
• Self-discovery Part :
  • what stops me from being assertive ?
  • consequences of unassertive behaviour ;
  • how can I give myself the right to be assertive ?
  • how can I voice my needs, dreams with inner confidence and respect towards others ?
  • to what do I want to say No and how can I do it assertively ?
  • how can I respond assertively when feeling pressure ?
  • how can I respond assertively when facing aggressive individuals ? 
  • opening yourself to compliments ;
  • opening yourself to the constructive negative feedback ;
  • living with my own standards and agreement with myself.

S2303 - Tips to work in emergency

Durée

Public cible

This seminar aims at anyone working in a stressfull and time-sensitive context, willing to develop skills and tools to work serenely.

Objectifs

This seminar aims to identify urgent tasks in your activity, understand your individual positioning when facing emergency and develop your toolbox to work more smoothly in emergency conditions.

Description

• Identify emergencies in your business environment :
  • prioritize the emergencies ;
  • anticipate planned emergencies ;
  • formalize an action plan.
• Assume the level of urgency :
  • don't rush yourself to take better decisions ;
  • focus optimally ;
  • maintain good communication with the ones around you.
• Make a feedback :
  • assess the emergency ;
  • analyze the chosen response to the emergency ;
  • identify your fatigue level when managing emergency.

S2316 - Conscious Leader Training - leadership styles, power of perception & emotions

Durée

Public cible

This seminar is suitable for leaders to reinforce their competencies and people willing to prepare for a future leadership role.

Objectifs

This seminar bring awareness on core leadership competencies: leadership styles and their impact on the relationship between the leader and team member, awareness about biases and the influence they can have on the organization and also aims at basic awareness of the EI and its importance in the workplace.

Description

• Leader role and leadership styles : 
  • what makes a leader role important ?
  • importance of trust in the relationship leader team member ;
  • leadership styles ; 
  • what is my natural leadership style ?
  • which leadership style do I want to reinforce ?
  • what is the level of development of my team members ?
  • which leadership style did I use for specific team members in specific situations ?
  • which styles will I apply in similar situations in the future ?
• Perception : 
  • why my perception might differ from others ?
  • what is bias ?
  • how does human perception work ?
  • what is my role as a leader to raise awareness about biases ;
  • how can you work on your biases ?
• Introduction to the emotional intelligence (EI) :
  • what is EI ? 
  • the evolution of EI ;
  • why EI is so crucial in a leadership role ?
• The emotion :
  • what is the emotion ?
  • the basic emotions ;
  • understanding your own emotions o understanding the emotions of your direct reports ;
  • acceptance of your own emotions ;
  • why awareness about emotions is important in the workplace ?

Notes

This training program is composed of 4 parts and each of them can be taken independently. Conscious Leader Training - leadership styles, power of perception & emotions Conscious Leader Training - emotionally intelligent (EI) leader Conscious Leader Training - conflict resolution & coaching Conscious Leader Training - delegation skills & communicating around change

S2317 - Conscious Leader Training - emotionally intelligent (EI) leader

Durée

Public cible

This seminar is suitable for leaders to reinforce their EI competencies and people willing to prepare for a future leadership role.

Objectifs

This seminar explore and reflect on personal and social elements of the Emotional Intelligence and appreciate its importance in the leadership role and the role that emotions play in the work environment.

Description

• Personal elements of emotional intelligence (EI) :
  • self-awareness: emotional awareness, self-assessment, self-esteem, and self-confidence ;
  • self-regulation: self-control, adaptability, transparency ;
  • motivation: how to motivate and empower others ?
• Social elements of EI :
  • empathy ;
  • what is active listening and how to apply it ?
  • what are some barriers to effective listening ?
  • importance of body language and tonality ;
  • elements of effective communication ;
  • building rapport with others ;
  • how to deliver constructive feedback ?
• Self-assessment : 
  • how to increase emotional competence through self-awareness and self-regulation ? 
  • how to increase emotional competence through social awareness and social skills ?

Notes

This training program is composed of 4 parts and each of them can be taken independently. Conscious Leader Training - leadership styles, power of perception & emotions Conscious Leader Training - emotionally intelligent (EI) leader Conscious Leader Training - conflict resolution & coaching Conscious Leader Training - delegation skills & communicating around change

S2318 - Conscious Leader Training - conflict resolution & coaching

Durée

Public cible

This seminar is suitable for leaders to reinforce their competencies and people willing to prepare for a future leadership role.

Objectifs

This seminar enhance your credibility as a leader, by learning how to deal effectively, wisely in a conflict situation and learn the art of conversational coaching. This increase motivation though the gift of focused attention to colleagues and employees.

Description

• Conflict resolutions :
  • perception of conflict ;
  • what are the main drivers of conflicts ?
  • the reasons for avoiding conflicts ?
  • what can happen when we ignore conflicts ?
  • transactional analysis and its value in effective conflict resolution.
• Coaching others :
  • what is coaching ? 
  • when to coach ? 
  • how to enhance credibility as a leader by coaching ?
  • how the language we use affects understanding ?
  • language patterns ;
  • the power of good question ;
  • the GROW model in theory and practice ; 
  • the model T questioning in theory and practice ;
  • precision questioning technique.

Notes

This training program is composed of 4 parts and each of them can be taken independently. Conscious Leader Training - leadership styles, power of perception & emotions Conscious Leader Training - emotionally intelligent (EI) leader Conscious Leader Training - conflict resolution & coaching Conscious Leader Training - delegation skills & communicating around change

S2319 - Conscious Leader Training - delegation skills & communicating around change

Durée

Public cible

This seminar is suitable for leaders or anyone willing to reinforce delegation skills and communicating within the change.

Objectifs

This seminar enrich two important leadership skills, first one knowing when/how to use delegation and apply it as a great tool to motivate and develop people. The second skill is communicating around change, we will learn about common people's behaviours during such events, and how to respond effectively.

Description

• Effective Delegation :
  • what is delegation ?
  • what stops leaders from delegating ?
  • what stops me from delegating ?
  • why delegate ?
  • when to delegate ?
  • what to delegate ?
  • how to delegate and to whom ?
  • what when mistake happen ?
  • how to create my delegation plan ?
  • importance of communication when delegating ;
  • how to monitor effectively and avoid micromanagement when delegating ?
• Communicating around Change :
  • stages of people behaviour in the change cycle ;
  • the role of the leader in the change ;
  • how to deal with the resistance to change ;
  • how to communicate change effectively ?

Notes

This training program is composed of 4 parts and each of them can be taken independently. Conscious Leader Training - leadership styles, power of perception & emotions Conscious Leader Training - emotionally intelligent (EI) leader Conscious Leader Training - conflict resolution & coaching Conscious Leader Training - delegation skills & communicating around change

S5222 - The emotionally intelligent leader

Durée

Public cible

This seminar is aimed at leaders who wish to increase their awareness of the emotional intelligence and develop their competences.

Objectifs

This seminar aims to help leaders to fully appreciate the role that emotions play at the workplace and to develop a greater awareness of their own emotional reactions. This course will help you to identify the skills and behaviours associated with emotional competences and to create a development plan to increase emotional intelligence in your leadership role.

Description

• Emotional intelligence :
  • what is emotional intelligence ?
  • the evolution of emotional intelligence ;
  • why is emotional intelligence so crucial in today's society ?
• The emotion :
  • what is the emotion ?
  • the basic emotions ;
  • the role of emotions in behaviour ;
  • why emotions are important.
• Understanding your own leader emotions.  
• Understanding the emotions of others.  
• Influencing the emotions of these around you.  
• Strategies for dealing with unpleasant emotions. 
• Emotionally competent leader :
  • self-awareness ;
  • self-regulation ;
  • motivation ;
  • empathy and social skills.
• How leader can increase emotional competency. 
• The characteristics of the emotionally competent leader.
• The non-EI leader in the organization and the consequences.

S5294 - Risk management : a structured overview

Durée

Public cible

Financial sector professionals and everyone interested in risk management.

Objectifs

The seminar aims to provide a structured overview of the main categories of risk facing a bank, an investment fund or any other entity engaging in financial sector activities, by building on theory through actual model prototypes and case studies.

Description

• Risk taxonomy and governance :
  • identifying the main categories of risk ;
  • three lines of defense (3LoD) model.
• Credit risk :
  • introduction to credit risk modelling ;
  • counterparty credit risk ;
  • concentration risk.
• Market risk :
  • value at risk ;
  • expected shortfall.
• Interest rate risk :
  • earnings vs. economic value perspective ;
  • repricing Gaps ;
  • duration of equity.
• Liquidity risk :
  • asset liquidity vs. funding liquidity ;
  • liquidity coverage ratio ;
  • net stable funding ratio ;
  • intraday liquidity risk.
• FX risk :
  • transaction risk ;
  • translation risk ;
  • economic risk.
• Operational risk :
  • event types overview ;
  • governance aspects ;
  • impact of new technologies.
• Stress testing :
  • stress test taxonomy ;
  • reverse stress testing.

S5295 - Advanced risk management (case studies)

Durée

Public cible

This seminar aims at all those working in areas such as trading, risk management, accounting, audit, etc.

Objectifs

This seminar aims illustrating notable, real, risk management cases that have taken place over the last years. The study and analysis of each case will provide the participants with a concrete understanding of the do and don't do lessons in the several fields of market risk, credit risk, liquidity risk, etc.

Description

• Barings Bank :
• lessons in rogue trading and organization of the risk management function.
• Orange County :
• a notable case of market risk management failure in a public financial entity.
• Long Term Capital Management :
• the various risks (market, credit, liquidity, model) inherent in the activity of a sophisticated hedge fund. 
• Northern Rock :
• the credit and liquidity risks implied in an innovative lending business model.
• Bear Stearns : 
• a severe misjudgment of liquidity risk.
• Herstatt and KfW :
• history repeating in settlement risk.

Notes

Participants are asked to bring a calculator.

S5301 - MiFID II - Module 1 : General principles of financial markets

Durée

Public cible

The persons concerned by this training programme are people giving investment advice and/or providing information on financial instruments, investment services or, ancillary services to clients on behalf of a professional, or for their own account, under the prudential supervision of the CSSF.

Objectifs

This training aims to acquire the knowledge and competence related to the criteria described in the CSSF circular 17/665 with regards to the ESMA Guidelines for the assessment of knowledge and competence.

At the end of this training, the participants will be able to demonstrate that they possess the necessary knowledge and competence to fulfil their obligations under Articles 24 and 25 of MiFID II.

Description

• Economy :

• • macroeconomics: theories, definitions, concepts ;
  • Economic environment and globalisation ;
  • Financial Information (s): understanding, interpretation.
• Events, indicators, impacts :
• • the main indicators (GDP, CPI, PMI...): typology, characteristics, interpretation ;
  • interdependence of economic cycles and financial markets ;
  • crises, conflicts, etc.
• Financial markets :
• • typology of financial markets ;
  • interest rates: creation, evolution, influence ;
  • equity markets: capitalization, sectors, cyclical values.
• Evolutions, psychology, analysis :
• • market efficiency: sensitivity ;
  • psychology of the markets ;
  • analysis: fundamental, technical.

 

Notes

Certificate of participation and of achievement per module, or for the complete programme where applicable. Exam included.

S5302 - MiFID II - Module 2 : Portfolio management and financial instruments

Durée

Public cible

The persons concerned by this training programme are people giving investment advice and/or providing information on financial instruments, investment services or, ancillary services to clients on behalf of a professional, or for their own account, under the prudential supervision of the CSSF.

Objectifs

This training aims to acquire the knowledge and competence related to the criteria described in the CSSF circular 17/665 with regards to the ESMA Guidelines for the assessment of knowledge and competence.

At the end of this training, the participants will be able to demonstrate that they possess the necessary knowledge and competence to fulfil their obligations under Articles 24 and 25 of MiFID II.

Description

• Financial instruments: characteristics and valuation :
• • equities: specifics, quotation, indicators ;
  • bonds: typology, rates, ratings ;
  • derivatives: typology, pricing, use ;
  • structured products: definition, examples ;
  • investment funds: typology, specificities.
• Markets and operations: introduction :
• • stock exchanges and regulated markets ;
  • marketplaces and OTC markets ;
  • operations: from customer's instruction to posting.
• Portfolio Management :
• • theory and reality(ies) ;
  • portfolio management strategies: active management, passive management, management styles, tactics, and other methods ;
  • diversification.
• Tools and Limitations of Portfolio management :
• • objectives and constraints ;
  • communicating with the customer ;
  • comparisons and their limits: performance, indices, risk.

Notes

Certificate of participation and of achievement per module, or for the complete programme where applicable. Exam included.

S5303 - MiFID II - Module 3 : Investment products

Durée

Public cible

The persons concerned by this training programme are people giving investment advice and/or providing information on financial instruments, investment services or, ancillary services to clients on behalf of a professional, or for their own account, under the prudential supervision of the CSSF.

Objectifs

This training aims to acquire the knowledge and competence related to the criteria described in the CSSF circular 17/665 with regards to the ESMA Guidelines for the assessment of knowledge and competence.

At the end of this training, the participants will be able to demonstrate that they possess the necessary knowledge and competence to fulfil their obligations under Articles 24 and 25 of MiFID II.

Description

• Investment products :
• • characteristics of the products offered ;
  • risk(s)-carrying elements ;
  • tax issues and their impacts.
• Cost structures :
• • costs, fees and taxes related to products ;
  • costs, fees and taxes related to service delivery ;
  • transparency of costs and reporting obligations.
• Documentation of investment products :
• • financial information and prospectuses ;
  • KIIDS, PRIIPS ;
  • analyzing and understanding available information.
• Investment products and clients :
• • adequacy of investment products: client knowledge vs knowledge of client ;
  • market access: structures, risks, constraints ;
  • costs: details, limits, decisions

Notes

Certificate of participation and of achievement per module, or for the complete programme where applicable. Exam included.

S5304 - MiFID II - Module 4 : Risks and performance

Durée

Public cible

The persons concerned by this training programme are people giving investment advice and/or providing information on financial instruments, investment services or, ancillary services to clients on behalf of a professional, or for their own account, under the prudential supervision of the CSSF.

Objectifs

This training aims to acquire the knowledge and competence related to the criteria described in the CSSF circular 17/665 with regards to the ESMA Guidelines for the assessment of knowledge and competence.

At the end of this training, the participants will be able to demonstrate that they possess the necessary knowledge and competence to fulfil their obligations under Articles 24 and 25 of MiFID II.

Description

• Performance :
• • elements influencing performance ;
  • performance calculation: methods, differences, comparison ;
  • performance analysis: decomposition, cross-effects.
• Communicating performance :
• • performance comparison: benchmarks, indicators ;
  • performance history(ies) and forecast(s) ;
  • performance, return, volatility.
• Measuring the risk :
• • components of the risk: definition, analysis ;
  • types of risks: mitigation methodologies ;
  • calculation of risk: methods, comparisons, limits.
• Risk and clients :
• • risk appetite and investment horizon ;
  • risk elements in investment products ;
  • risk communication, indicators.

Notes

Certificate of participation and of achievement per module, or for the complete programme where applicable. Exam included.

S5305 - MiFID II - Module 5 : Client relation, compliance, AML

Durée

Public cible

The persons concerned by this training programme are people giving investment advice and/or providing information on financial instruments, investment services or, ancillary services to clients on behalf of a professional, or for their own account, under the prudential supervision of the CSSF.

Objectifs

This training aims to acquire the knowledge and competence related to the criteria described in the CSSF circular 17/665 with regards to the ESMA Guidelines for the assessment of knowledge and competence.

At the end of this training, the participants will be able to demonstrate that they possess the necessary knowledge and competence to fulfil their obligations under Articles 24 and 25 of MiFID II.

Description

• Investment advisory activity :
• • regulatory framework ;
  • service offerings, advice / information differences ;
  • compliance with obligations.
• Knowledge of its client :
• • suitability of products and services with customer profile ;
  • relevant information: understanding and interpretation ;
  • evolution, communication, obligations.
• Anti-money laundering :
• • regulatory framework, responsibilities, sanctions ;
  • customer knowledge, obligations ;
  • money laundering operations: steps and points of attention.
• Market abuse :
• • regulatory framework, responsibilities, sanctions ;
  • scope, prevention and detection tools ;
  • privileged information, share buybacks, insider trading and other cases.

Notes

Certificate of participation and of achievement per module, or for the complete programme where applicable. Exam included.

S6189 - Excel: core and essential features

Durée

Public cible

This seminar aims at people who want to master the general and essential features of the Excel spreadsheet.

Objectifs

This seminar aims obtaining a global vision of the possibilities of handling the Excel spreadsheet in a professional environment. Participants will also be prepared to participate without difficulty in advanced and specialized courses about the Excel spreadsheet.

Description

• Working with sheets :
  • open, create and save workbooks ;
  • select, insert and delete cells ;
  • data types, series and custom lists ;
  • find and replace contents, copy and move cells ;
  • one level data sort ;
  • customize options ;
  • default file locations.
• Basic formulas and functions :
  • calculating with cells ;
  • use basic functions in calculations ;
  • error message significations ;
  • types of references ;
  • basic content check with the help of the logical IF-function.
• Formatting sheets:
  • the autoformat tool ;
  • number and date formats ;
  • font and alignment settings ;
  • the format painter ;
  • merge cells ;
  • borders and special effects.
• Creating charts :
  • 3 basic chart types ;
  • add, remove and handle chart elements.
• Page layout and printing :
  • basic page setup ;
  • automatic fields in headers and footers ;
  • print area selection.
• Managing workbooks :
  • insert, delete, rename, copy and move sheets ;
  • insert objects ;
  • use comments.

S6191 - Successful presentations with Powerpoint

Durée

Public cible

This seminar aims at people who want to master the essential features of Powerpoint presentation software.

Objectifs

This seminar aims obtaining a global vision of the possibilities of handling the Powerpoint presentation software in a professional environment. Participants will also be prepared to participate without difficulty in advanced and specialized courses about the Powerpoint presentation software.

Description

• Basic presentation concepts :
  • the default template ;
  • the display modes ;
  • slides layouts ;
  • manage slides ;
  • text formatting ;
  • bullets and numbering.
• Add specific items :
  • tables ;
  • charts ;
  • flow charts ;
  • illustrations and pictures ;
  • drawing methods.
• Planning the presentation :
  • factors to be taken into account ;
  • animation effects ;
  • transition effects ;
  • speaker support ;
  • page setup and print control.
• Short overview of some advanced concepts :
  • master slides ;
  • designing themes ;
  • multimedia animations.

S6195 - Word: essential features summary

Durée

Public cible

This seminar is aimed at People who want to master the general and essential features of word processing.

Objectifs

This seminar aims obtaining a global vision of the possibilities of handling the word processing software in a professional environment. Participants will also be prepared to participate without difficulty in advanced and specialized courses about the word processing software.

Description

• The word processing environment :
  • open, save and close documents;
  • create documents based on templates ;
  • switch between open documents ;
  • customize and configure default options ;
  • default paths and file management.
• Text entering by kilometer :
  • the concept of paragraphs ;
  • non-printable characters, symbols and special characters ;
  • insert fields ;
  • manage Tabs ;
  • selection of parts of the text ;
  • replacement, overwrite and insertion modes;
  • automatic search and replacement ;
  • dictionary and spell checker ;
  • cancel, delete and repeat an entry.
• Formatting characters and paragraphs :
  • automatic word break ;
  • indents, line spacing and paragraph spacing ;
  • bulleted lists and numbered lists ;
  • paragraph border and grid ;
  • the formatting reproduction tool ;
  • apply existing styles.
• Inserting Objects :
  • create and format tables ;
  • insert graphic objects ;
  • dimensioning and replacing added objects.
• Finishing of documents :
  • document orientation ;
  • margins of the document ;
  • page breaks ;
  • headers and footers ;
  • page numbering ;
  • printing the document.