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Risk Management
Total risk management is the combination of all the elements of risk management into a consistent strategy...
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Training - Financial Enginering
Numerical Techniques in Finance:
3 days
Numerical Techniques focuses on the theory and application of
numerical methods for solving financial problems. The
applications may include option valuation, value at risk, term
structure modelling, portfolio simulation and optimization and
capital budgeting. These applications motivate the study of
matrix methods, the solutions of linear and nonlinear
equations, interpolation and approximation methods, numerical
integration and Monte Carlo methods. No prior programming
experience is required as the principles of programming are
covered. Topics include the use of Microsoft Excel at an
advanced level, including the use of inbuilt functions and
data modelling tools such as Goalseek and Solver; programming
in Microsoft Visual Basic for Applications, including the
writing of functions and subroutines, interface design and
output generation; computer accuracy, stability and
convergence; interpolation and approximation procedures;
methods of numerical search, Monte Carlo methods; numerical
integration techniques; and solution methods for systems of
equations. Applications include models of the term structure
of interest rates, option pricing, valuation of bond options,
implied option volatility, the dynamics of portfolio insurance
programmes, portfolio simulation, portfolio optimisation, the
composition of stock plus warrant packages of known value,
determination of internal rates of return, and capital
budgeting.
Course Fees
VAT to be included at the local rate, if applicable. Costs
shown are per delegate inclusive of refreshments, lunches and
seminar materials. Cost of accommodation is not included.
GBP 3500
Certificates of Participation
Certificates of participation are remitted to course
participants upon request. |
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