Course Outline

  • Introduction to characteristics and terminology of Bonds
  • Participants in the Bond Market
  • Types of Bonds
  • Government bonds
  • Domestic bonds
  • Foreign bonds
  • Eurobonds
  • Zero coupon bonds
  • Floating rate notes
  • Bond pricing and valuation
  • Present value of a bond
  • Clean price vs dirty price
  • Duration and convexity
  • Bond futures

Outcomes

On completion of the program the delegate will be able to:

  • Understand The Terminology Unique To The SA Bond Market
  • Identify The Different Bonds Traded In The SA Bond Market
  • Distinguish Between The Different Participants In The Bond Market And Understand Each One’s Role
  • Understand The Rating Of Different Classes Of Bonds
  • Be Able To Calculate The Price Of Bonds And Distinguish Between Cum And Ex Interest Transactions
  • Understand And Calculate The Duration Of Particular Bonds
  • Understand The Concept And Pricing Of Zero Coupon Bonds
  • Understand The Mechanics Of Bond Futures And The Role They Play In Hedging Physical Bond Positions