Structured Products are popular again for retails and private banking. Developed on each asset class and also cross-assets, Structured Products propose unique risk / return ratio tailored to clients needs. After a drastic drop in volume after 2008, they have also tend to be less sophisticated and more focus on few popular products.
The course will recall some key elements in fixed income and derivatives to concentrate first on exotic payoffs and then structured products. We will have a review of products from each main asset class. We will learn how to build them (funded, or unfunded), how to hedge them and how to manage the life cycle.
The course includes the uses of online pricer and simulations.
Hull, Taleb, Zhang, Exotic options, a guide to second generation options, World Scientific, Peter G. Zhang, Second edition, 981-02-3482-1, 1998.
Hull, John C., Options, Futures & other Derivatives, International Edition, sixth Edition, 0-13-0149908-4.
100% final case study by group.