MiFID II - Debt Instruments (EN)

The persons concerned by the Training Programme are all persons placed under the authorityof a professional (or acting on his behalf) subject to prudential supervision by the CSSF, i.e.individuals providing investment advice (“Advisory profile”) or information (“Information profile”) on financial instruments, investment services or ancillary services to clients.

This module focuses on debt instruments, exploring characteristics, primary bond markets, bond calculations, ratings, complex debt instruments, and associated risks. We'll cover market risk, credit risk, counterparty risk, costs, tax, reporting, and recent MiFID updates, including the ESG framework and MiFID III. Our experienced speakers will guide you through the content, providing in-depth knowledge of financial products under MiFID rules.

Based on the ISO definition for debt instruments specifying that a debt instrument is a financial instrument evidencing monies owed by the issuer to the holder on terms as specified, the content of module 3 on debt instruments focuses on:

• Characteristics of Debt Instruments
• Primary Bond Market
• Activities in Securities Markets
• Bond Calculations
  • Clean Prices
  • Dirty Prices
  • Yields
• Ratings and Rating Agencies
• Complex Debt Instruments
  • Convertible Bonds
  • Asset-Backed Securities
  • Structured Products
  • Money-Market Instruments
• Risks Associated with Debt Instruments
  • Market Risk
  • Credit Risk
  • Counterparty Risk
• Costs / Tax / Reporting
• MiFID Update
  • MiFID Since its Inception
  • New ESG Framework
  • Relief Package
  • MiFID II/MiFIR Amendments
  • Digital Finance
  • After MiFID II, Comes MiFID III, Right?
• Key Messages
• Bibliography and References
• Appendices

This module is part of the MiFID II Certification. For more details about this Certification, please click  here .

Experienced professional specialists selected on the basis of their in-depth knowledge of markets and financial products under MiFID rules I and II, and ESMA criteria.

English