Structured Products – An Introduction, Major Types and Valuation & Risks

This e-training programme comprises 4 topics/tutorials. Answer all quiz questions at the end of each tutorial in order to complete the training.

A) Structured Products – An Introduction
(Estimated Completion Time: 45 Minutes)

This tutorial looks at the main features of structured products and the risks associated with investing in them.

B) Structured Products – Components & Types
(Estimated Completion Time: 45 Minutes)

This tutorial looks at the key types of structured product, the risks associated with investing in them and the motives behind their issuance. These products include equity basket products, reverse convertibles, dual-currency bonds, quantos, range-index binary (RIB) notes, and credit-linked notes (CLNs).

C) Structured Products – Valuation & Analysis
(Estimated Completion Time: 45 Minutes)

This tutorial looks at the valuation and return analysis of structured products with a particular focus on the valuation of callable bonds. A worked example of the pricing of a callable bond in Excel is also provided.

D) Structured Products – Risks & Sensitivities
(Estimated Completion Time: 60 Minutes)

Structured products have various sensitivities – known as the Greeks – to pricing factors such as the underlying index/price, time to maturity, and interest rates. This tutorial describes these sensitivities in detail and provides a worked example of how sensitivities affect the value of an equity-linked note.

Terms and Conditions

1) Each e-training programme takes approximately 3 hours to complete.

2) In order to qualify for Continuing Education credits from SGX, please complete all quiz questions found at the end of each tutorial (a 70% pass rate is required) by 31 December 2020.

3) Access to the e-training materials is valid for 3 months from the date the access is issued. For Trading Representatives who require Continuing Education Credit and had registered at the last quarter of 2020, access is valid till 31 December 2020 (e.g. for access given on 24 November 2020, access is valid till 31 December 2020).

4) Upon successful registration, an email with the access details and password would be sent to you within 2 working days.

5) If participants wish to make any changes to their application or request for a refund, written notice should be given within 10 business days of receiving the access ID and password to the online programme and provided the access has not been utilised. There will be an administrative fee of 20% of the fees paid. There will be no changes or refund if notice is given thereafter or if the access has been utilised.

6) Please login using Microsoft Internet Explorer from your PC or Laptop.

7) Please note that the learning management system is not compatible with browsers on Apple iOS or other operating systems.

8) For assistance please contact e-training@sgxacademy.com or call 6327 5436.

This course is recommended for Trading Representatives and Professionals who need to meet their Continuing Education Credit.

SGX reserves the right to make changes to information regarding the programme if warranted by circumstances beyond its control.