Learning Finance Expedition in London : Understand the world of finance
Understand the world of finance
Objectifs de la formation
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At the end of the programme, the participants will:
- Be entertained during three days, both technically and socially in the heart of London
- Meet with Finance experts in a relaxed and stimulating environment
- Understand how the City of London works as the world capital of Finance
- Discover the main actors in Finance
- Discover the key financial products through recognised professionals, namely M&A, equity, debt and derivatives
- Programme
- Vos experts
- Les + de la formation
- Avis participants
1ère
Journée
09:00 - 09:30
Introduction - Go around the room
09:30 - 12:30
Overview of the City of London
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In this session participants will discuss the City of London, its location and main players. The trainer will cover the recent regulations and the impact of Brexit.
- Who is located where?
- Investment banks, private equity, hedge funds, lawyers, auditors, consultants,
- The City, Canary Wharf, Mayfair, Soho, etc.
- Buy-side/sell-side
- Individual markets e.g. London Stock Exchange, Lloyds, Metals exchange, etc.
- Balance sheet banks vs advisory only banks (Barclays vs. Rothschild etc)
- Regulations - Basel and the FCA (Financial Conduct Authority)
- Impact of Brexit on City: analysis of potential scenarios
12:30 - 14:00
Lunch
14:00 - 15:00
Capital Markets Fundamentals
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In this session participants will cover the main functions of the capital markets. Most importantly, the key players, banks and investors are covered in detail. Participants will then examine the life of a corporate and review the funding options.
- What financial markets do?
- Who are the major players?
- Domestic and international capital markets
- Debt versus equity
- Primary versus secondary market
- Distinguishing between retail, corporate and investment banking
- Buy side versus sell side
- League tables, equity & debt underwriting
- Loan and bond markets
- Corporate advice and finance
- Where transactions take place: Exchanges vs. OTC vs. ECNs
- The buy-side industry/investors
- Active vs. passive investment management
- Asset allocation
15:00 - 17:00
Visit of London Stock Exchange
2ème
Journée
09:00 - 09:30
Introduction
09:30 - 12:30
Mergers & Acquisitions
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In this session participants will cover the main debt products available to corporates. The bond issuance process and key documentation are discussed. Both long and short term, and public and private financing options are explained
- Mergers & Acquisitions, debt restructuring
- Private transactions
- Deal sourcing
- Strategy to approach investors initially
- Submission of non-binding offers
- Due diligence and virtual data room
- Submission of binding offers
- Negotiation and completion
- Post-merger integration
12:30 - 14:00
Lunch
14:00 - 17:30
Mergers & Acquisitions
- Public Takeovers
- Public takeovers vs. private transactions
- General principles of the takeover code
- Mandatory offer
- Squeeze-out mechanism
- Offer price
- Counter-offers
- Timetables
- Bidder’s strategy and tactics
- Target’s defence strategy and tactics
17:30 - 18:30
Visit of London Eye
3ème
Journée
09:00 - 09:30
Introduction
09:30 - 12:30
Equity Capital Markets
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In this session we introduce equity markets and products. We will drill down on the characteristics of equity and introduce comparable and fundamental equity valuation. We will focus on the life-cycle of equities, starting with the Initial Public Offering and moving afterwards to secondary offerings (rights issues, accelerated book building, bought deals, etc.). We will also look to the secondary market, including motivations of investors, as drivers of the cost of equity.
- Types of shares
- Equity markets and trading systems
- Introduction to equity pricing
- Initial public offering - company life cycle, process
- ECM role and fees
- The need for re-capitalization and follow-on placements, including private placements and rights issuances as alternatives
- ABBs (Accelerated book build)
- Rights issues
- Process and recent market deals
12:30 - 14:00
Lunch
14:00 - 16:30
Debt Capital Markets
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In this session participants will cover the main debt products available to corporates. The bond issuance process and key documentation are discussed. Both long and short term, and public and private financing options are explained
- The corporate lifecycle and debt financing options
- Bond issuance process
- Due diligence
- Prospectus
- Roadshow
- Syndicate and bond allocation
- Market making and after-market
- Short-term debt funding
- Overdraft/ Revolving credit facility/Commercial paper
- Long- term debt funding
- Bank debt
- Publicly issued bonds
16:30 - 17:30
Derivative and Risk Management
- What does treasury do?
- Defining different types of risk
- Hedging foreign exchange risks
- Covering interest rate risk
- Understanding commodities risk
- Overview of key products: futures, forward, options, swaps
17:30
Farewell drink
Serge VIDAL
City Training UK is delighted to introduce its three-day learning expedition in the heart of the City of London. The participants will understand how Finance works, including Mergers & Acquisitions (M&A), Initial Public Offering (IPO), debt issuance and risk management.
The training will also include visits to the London Stock Exchange, a guest speaker and social events (London Eye and evening drinks).
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