Description	This two-day, pragmatic seminar will aid credit and administrative officers, in developing a clear framework for analyzing, evaluating and managing derivative credit risk.
Primary Topics	Cash Flow Analysis: How to construct the cash flows for interest rate swaps, currency swaps, forwards, options, caps, collars and floors. Capturing Benefits: How to increase profits and reduce risk through derivative arbitrage, hedging and speculation in fixed income and equity securities, commodities, currencies and interest rates. Credit Exposure Measurement: How to measure, how to adjust for portfolio effects and how to net derivative credit counterparty exposure for a single transaction, for a portfolio of transactions within products, and for a portfolio across products using average, peak, portfolio-adjusted and netted exposures. Market Exposure Measurement: How to measure, portfolio adjust and net derivative credit bank market exposure for all derivative transactions, using "value at risk." Exposure Reduction Techniques: How to reduce derivative credit exposure through netting agreements and credit enhancement. Exposure Pricing: How to price derivative credit risk. How to compare derivative credit costs to market opportunities. Suitability: How to evaluate derivative suitability for investors of varying financial experience. (What happened in Orange County?)
Seminar Objectives	This seminar offers financial professionals: An overview of how to analyze cash flows for derivative products. Techniques for increasing profits and reducing risk through derivative arbitrage, hedging and speculative transactions. A framework for derivative financial statement and credit analysis to identify a company’s involvement in and vulnerability to derivative transactions. A framework for measuring derivative counterparty credit exposure and bank market exposures. Techniques for exposure reduction and exposure pricing. A framework for evaluating derivative suitability for investors of varying financial experience.
Target Audience	DJA has designed this two-day seminar for general financial analysts, managers, administrators and officers well as derivative analysts, marketers and traders. The seminar is also appropriate for financial investors.
Eligibility	No previous experience with derivatives is required
Delivery	Group discussion led by seminar leader, small group exercises and presentations.
Length	2-day seminar.