TREASURY AND INVESTMENT
 
 
 
 
 
 
 
 

UNDERSTANDING KUWAIT STOCK EXCHANGE Market OPERATIONS
 
Introduction
This program will give an overview of the organizational hierarchy of Kuwait Stock Exchange, rules and regulations.
 
Objectives
 §           Introduction to Kuwait Stock Exchange
 §           The Organizational Hierarchy of Kuwait Stock Exchange
 §           Analysis of Investment Policies
 §           Introduction to Investment tools
 §           Relationship between fiscal policy and the stock exchange
 
Contents
 §           General Structure of the Stock Exchange
 §           Development of the buying and selling system
 §           Investment tools
 §           Methods of publishing prices
 §           Market Indexes
 §           Funds Management:
v     Types and definitions
v     Fundamental Analysis and its usage
v     Investment polices    
v     Advantages and disadvantages of mutual funds
v     Terms and Conditions
v     Disputes Committees
v     Fees and Registration “Loads”
 
Methods
Lecture-discussions, workshops, exercises and case studies
 
Target Audience
All who are interested in dealing in the Stock Exchange, individuals and companies
 
Language
The Program will be conducted in Arabic.
 
Duration
The Program will be conducted for 7.5 weeks (Twice weekly). Sessions will be held from 5.00pm – 8.00pm plus fifteen minutes break, and two hours for the final exam
 
 
 
 
 
 
Chartered Financial Analyst (CFA) – Level 1 - Flash
 
(To be announced)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
INVESTMENT ANALYSIS
 
 
The program takes participants through all stages of Advanced Investment Analysis. The goal is to help participants master the complex language and activity of investments, valuation and selection of various investment instruments.
 
Objectives
This Program will help participants to focus on the application of financial theory to the issues and problems of investment management. We will try to understand the valuation and selection of various investment instruments first and then move on to cover portfolio optimization issues (plus risk management). This program is more analytical than usual.
 
Contents
  • Cost of Capital and Long-Term Financial Policy.
  • Managing Working Capital.
  • Business Valuation & Financial Modeling
  • Valuation Techniques from Financial Statements.
  • Valuation and Free Cash Flow.
  • Analysis of Financial Instruments.
  • Portfolio Management & Performance Evaluation.
  • Risk management.
 
Methods
A mix of lectures, discussion, and exercises
 
Pre-requisite
Background in financial management and basic investments
 
TARGET AUDIENCE
The program is designed for investors, financial analysts, portfolio and fund managers, CFOs, financial managers, credit controllers, bankers, and accountants
 
Language
The Program will be conducted in English.
 
Duration
The Program will be conducted for 7.5 weeks (Twice weekly). Sessions will be held from 5.00pm – 8.00pm plus fifteen minutes break, and two hours for the final exam
 
 
 
 
 
Fixed Income Product
 
The bond market is one of the largest and most important markets in the world. Understanding the basics and the workings of this major component of the financial system is vital to bankers everywhere. This is a practical course aimed at enhancing understanding of the key aspects of fixed income.
 
OBJECTIVES:
This Program will help participants to :
-          List main types of fixed income/bond markets
-          Understand various influences on bond prices
-          Hedge using derivatives
-          Read and interpret fixed income research
-          Interpret inflation trends and impact on bond prices
-          Analyse the yield curve
-          Understand different types of sukuk
CONTENTS:
-          Size of market, history & importance, participants
-          Types of bonds: Government/Agencies, Corporate, Municipal, Mortgage-backed
-          Pricing fixed income securities, basic bond mathematics, future value, present value
-          Duration & price volatility
-          Primary & secondary markets
-          Using derivatives to manage interest rate risk – futures, options, interest rate swaps
-          The Fed reserve & role of the FOMC – other central banks
-          Yield curve theory
-          Yield curve analysis – yield curves as economic predictors
-          Practicalities of fixed income trading – managing a portfolio in the real world
-          Euro sovereign debt markets - liquidity and solvency issues
-          Interpreting Investment banks’ fixed income research and reports
-          Conventional versus Islamic bonds
-          Sukuk and sukuk secondary market
-          Size and growth of Islamic bond market
-          Comparison of cashflows of conventional versus sukuk
METHODS:
Lecture-discussions & exercises.
 
LANGUAGE :
The program will be conducted in English
 
 
DURATION:
24 training hours, 4 days, morning & afternoon sessions
 
TARGET AUDIENCE:
Treasury and investment departments of the banks

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LIQUIDITY MANAGEMENT
 
Banks today deal in a wide range of financial instruments, both as assets and as liabilities. The risk profile and profit performance of banks are substantially affected by their ability to balance the resultant liquidity. Recently, the importance of this function has grown considerably due to the dynamic and volatile conditions that prevail in the economy and in the financial markets, coupled with Central Bank requirements. This function cannot be delegated completely to the specialists. Every senior bank manager should understand the concepts and processes of Bank Liquidity.
 
Objectives:
This Program will help participants to :
§       To understand the key concepts and practices involved in liquidity management.
§       To identify and understand the sources of risk and returns in banks.
§       To help delegates use modern techniques of liquidity management to carry out this function more effectively.
 
Contents:
 
§         Structure of bank financial statements
§         Bank performance measurement yardsticks
§         Bank profitability analysis
§         Sources of value creation in banks
§         Sources and applications of bank funds
§         Characteristics and cost of bank funds
§         Concepts of GAP analysis and management
§         Concepts of duration analysis and other techniques in liquidity management
§         Term structure of interest rates, yield curves, and interest rate risk management
§         Managing cash and liquidity needs and liquidity risk
§         Management of capital adequacy and solvency risk
§         Managing return and risk in credit and investment functions
§         Issues in the management of international credit and investments
§         Off balance sheet risk management
§         Product pricing decisions
§         Understanding liquidity management policies and strategies
§         Kuwait Central Bank Requirements
 
 
Methods:
Lectures, exercises and cases.
 
 
Target Audience:
Senior officers and managers who need to understand the subject for better pricing and risk management. An understanding of the bank financial statements will be useful.
 
LANGUAGE:
The seminar will be presented in English.
 
DURATION:
30 training hours, five days, morning and afternoon sessions.

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TREASURY SELLING SKILLS
 
Given the global economy in which customers operate it is essential that they are continuously aware of the latest developments in treasury products in the market place.
 
This need creates an ideal sales environment for the banks to provide products and services which assist the customer to manage risk and become more profitable while adding value to the banker/customer relationship.
 
OBJECTIVES:
This Program will help participants to :
   §            To understand the features and benefits of treasury products
   §            To learn the best usage of sales techniques 
 
CONTENTS:
§               Treasury’s relationship with customers
§               Techniques in completing the sale of Treasury products
§               Identifying and approaching target customers
§               Essential elements in maintaining good customer relations
§               The features and benefits to the customers of the following products
- Money Market Products
    - Time deposits
    - Certificates of Deposit
    - Commercial Paper
    - Sale and repurchase agreements
    - Futures and Options
- Foreign Exchange Market Products
     - Spot
              - Forward
              - Futures
              - Swaps
              - Options
 §              Risk Management Products
 §              Structured Products
 
Methods:
Lecture-discussions, exercises and case studies
 
Target Audience:
Managers and officers working in the Treasury Department together with branch managers and personal bankers who sell these products to customers, Credit Officers, RO and Risk Management Staff.
 
LANGUAGE:
The Program will be conducted in English
 
DURATION
24 training hours, four days, morning and afternoon sessions


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