Whoever has watched "The Wolf of Wall Street" has likely struggled to understand the jobs, products, jargon that surround financial markets. Some of us are still trying to get our way out of this financial jungle and clarify the associated strategies. Let's demystify these!
In close collaboration with PwC's subject matter experts, PwC's Academy has developed a comprehensive, multi-layered training curriculum for junior and more experienced financial industries’ employees and managers alike, who seek to gain a solid knowledge of derivative instruments.
With this second module on securities financing, participants will further dive into the key concepts on repos and securities lending & borrowing and the attached strategies. Obtain a sound understanding of the risk and protection framework and reflect on the model of agent, principal and third party clients.
To complement your learning journey, please check our Derivative instruments curriculum.
Duration: 4h
Language: Available in English and French. The supporting material is only available in English.
Number of participants: up to 15
Available as intra-company course (i.e. dedicated session on demand)
Objectives
By the end of this training, participants will be able to:
- understand the core characteristics of repurchased agreements and securities lending & borrowing;
- gain a thorough understanding of how their operational mecahnisms;
- identify their optimal applications to mitigate risks or to generate additional returns on a pool of assets.
Content
- 1) Refresher:
- Key definitions and concepts - overview of repurchased agreements and securities lending & borrowing
- Risk and protection framework
- 2) Operational models:
- Model 1: agent - Pre-approved counterparts (lender with critical size)
- Model 2: principal - Bank unique borrower (lenders with small-mid size)
- Model 3: third party clients (external lending agent)
- Open discussion on accounting, internal process and internal controls
- Main differences between the three models
Target audience
This course is intended for anyone wishing to continue their learning beyond the foundation module and explore in greater depth the securities financing techniques employed by investment managers and financial market participants.
Our lead experts
This training will be coordinated by Laurent Dubois, Director at PwC Luxembourg. The different modules will be presented by experts in derivatives.
Laurent is active in our Assurance practice in managing and delivering a diverse range of assurance engagements toward Alternative and Banking actors to local and international clients and PwC offices.
He has exposure to a wide range of valuation methodologies, a practical understanding of the effective strategies delpoyed by its clients in the context of financial reporting.
Laurent is Réviseur d’entreprises agréé (REA).
