Trader’s Guide to Convertible
focusing on the sales side of CBs, the first of two parts is aimed at
consolidating fundamental aspects of Convertible Bonds (CBs). There after
the seminar focuses on the valuation and hedging of CBs, and the design of
CB structures as may arise in sales and structuring.
of CB basics
Valuation and Risk Management
Options theory (Valuation and Risk Management)
Options theory: Valuation and Risk Management of the CB
Structures of the future
professionals with at least 1-year experience (some understanding of
to CBs and structuring basics:
CBs the “big picture”, Risk/Return Profile Management, Economic
Need, Idiosyncrasies, CBs vs. Structuring
CB Markets, EuroMarkets, Domestic Markets, Market Size, Definitions by
Example, Why are CB’s hard to Value?
“coupled” stochastic (uncertain) elements
CB Structures and Policy Considerations: The
Debt/Equity Spectrum (how to make it more like equity or debt),
Branded CB Structures (PERCS, Callable Convertible Preferred Stocks,
DECs, LYONs, TOPRs, YEELDs, ... ad infinitum), Complex CB
Structures, Call policy, Taxation considerations, Investor’s
perspective, Issuer’s perspective.
of CBs - in 3 parts: a
comprehensive examination of pricing and position risk of CBs with
special attention to the bond component and hybrid implications.
detailed examination of several current CB issues illustrating
structuring considerations, trade idea considerations (from issuer and
investor perspectives), directional and arbitrage implications, and
“before and after” comparisons
comprehensive and extensively illustrated Handout Notes (see samples
Plus copies of relevant TG2 Books/e-Books
Seminars can be tailored to your trading, risk, client, and systems needs.
Submit your needs, and/or "cut/paste" from other Seminars (see entire "standard"