DFP_
Ubicación:Madrid - Madrid
Duración:9 Meses
Tipo:Maestrías
Modalidad:Presencial
DFP_
This full time master program is taught entirely in English language. Its main objective is to have a deep understanding of how do international financial operations behave worldwide. In order to pursue this goal, the master degree is supported by two prestigious academic institutions: Wharton School and The London School of Economics and Political Science.
In this sense, faculty staff of both leading centers will collaborate with the IEB professors. Furthermore, the students will travel to Philadelphia and London to attend to specialized seminars.
Regarding the content of the program, students will analyze the fundamentals of finance, the main international corporate finance structures, the most important financial markets and how does the international payment system work and its implications in the banking sector.
Objectives
The globalization set in motion during the last century is consolidating in this 21st century. Social affaires, the world of culture, politics and the economy are breaking national boundaries and jump vertiginously from one continent to another. The world of finance is not outside the globalization we are experiencing; indeed, financial markets are probably the main exponent of the international character of relations between people.
Any professional who aims high, searching for achievement and great success in the financial environment should therefore be thoroughly prepared, both technically and internationally.
The IEB, as leader in financial training in Spain and the Iberoamerican region is promoting this Master in International Finance aimed at those professionals who aspire to elite positions.
tructure
The greatest part of the program is taught in the IEB’s headquarters in Madrid, a city considered, in specialist environments, to be one of the most important financial centers in the world (after New York, London, Paris, Frankfurt and Tokyo). In addition, the Spanish capital, as well as possessing its own enormous intrinsic strength and vitality, has the advantage of being Europe’s door to the Iberoamerican world, many of whose emerging economies will play an important role in International Markets.
Students in the Master in International Finance follow some of their study plan in two of the most prestigious business schools in the world of finance: the London School of Economics in Great Britain and Wharton School in Pennsylvania (USA).
The students’ stay and study periods in these two world references in economic training and research not only provide quality teaching and content but also permit an insight into cities – London, New York and Pennsylvania – in those two countries which are the indisputable references of international financial leadership.
All the teaching is in English, as is communication between the teachers and pupils and any documentation, given that it is the usual language in the financial world.
Methodology
The methodology followed is highly practical, based on rigorous and up-to-date contents to provide professional know-how. Each study module is accompanied by a practical case to be carried out by the students which relates to the covered material.
In addition, the complexity of Financial Economics – mainly due to the abstraction and intangibility of the products handled – means that certain Master subjects need to contain a technical component which will be assessed through appropriate exams, case studies and research papers.
So, theoretical classes alternate with practical ones and with the use of the appropriate IT tools, given that the IEB has an IT room and treasury desk similar to those of any brokerage firm.
The professional market profile of a wide number of teachers and the reduced size of student groups will enable the systematic analysis and study of real experiences and teacher directed presentations by the students in class.
Moreover, the creation of team spirit and group cooperation will be fostered.
Finally, all the students shall complete a Final Project which will require all acquired knowledge to be put into practice.
In this sense, faculty staff of both leading centers will collaborate with the IEB professors. Furthermore, the students will travel to Philadelphia and London to attend to specialized seminars.
Regarding the content of the program, students will analyze the fundamentals of finance, the main international corporate finance structures, the most important financial markets and how does the international payment system work and its implications in the banking sector.
Objectives
The globalization set in motion during the last century is consolidating in this 21st century. Social affaires, the world of culture, politics and the economy are breaking national boundaries and jump vertiginously from one continent to another. The world of finance is not outside the globalization we are experiencing; indeed, financial markets are probably the main exponent of the international character of relations between people.
Any professional who aims high, searching for achievement and great success in the financial environment should therefore be thoroughly prepared, both technically and internationally.
The IEB, as leader in financial training in Spain and the Iberoamerican region is promoting this Master in International Finance aimed at those professionals who aspire to elite positions.
tructure
The greatest part of the program is taught in the IEB’s headquarters in Madrid, a city considered, in specialist environments, to be one of the most important financial centers in the world (after New York, London, Paris, Frankfurt and Tokyo). In addition, the Spanish capital, as well as possessing its own enormous intrinsic strength and vitality, has the advantage of being Europe’s door to the Iberoamerican world, many of whose emerging economies will play an important role in International Markets.
Students in the Master in International Finance follow some of their study plan in two of the most prestigious business schools in the world of finance: the London School of Economics in Great Britain and Wharton School in Pennsylvania (USA).
The students’ stay and study periods in these two world references in economic training and research not only provide quality teaching and content but also permit an insight into cities – London, New York and Pennsylvania – in those two countries which are the indisputable references of international financial leadership.
All the teaching is in English, as is communication between the teachers and pupils and any documentation, given that it is the usual language in the financial world.
Methodology
The methodology followed is highly practical, based on rigorous and up-to-date contents to provide professional know-how. Each study module is accompanied by a practical case to be carried out by the students which relates to the covered material.
In addition, the complexity of Financial Economics – mainly due to the abstraction and intangibility of the products handled – means that certain Master subjects need to contain a technical component which will be assessed through appropriate exams, case studies and research papers.
So, theoretical classes alternate with practical ones and with the use of the appropriate IT tools, given that the IEB has an IT room and treasury desk similar to those of any brokerage firm.
The professional market profile of a wide number of teachers and the reduced size of student groups will enable the systematic analysis and study of real experiences and teacher directed presentations by the students in class.
Moreover, the creation of team spirit and group cooperation will be fostered.
Finally, all the students shall complete a Final Project which will require all acquired knowledge to be put into practice.
1. Foundations of Financial Maths
1.1. Financial Operations. Profitability.
1.2. Capitalization and Discount Laws
1.3. Interest Rates
1.4. Capital Budgeting
1.5. Financial streams
1.6. Applications to the Financial markets.
2..Econometric Foundations Applied to Finance
2.1. Descriptive analysis of financial information
2.2. Univariate analysis
2.3. Two-variate analysis
2.4. Portfolio Correlations
2.5. Probability and random variables
2.6. Single variable probability models
2.7. Multivariate Models
2.8. Estimation
2.9. Hypothesis Testing
3. Econometrics Applied to Finance
3.1. Linear Regression Analysis
3.2. Stochastic Processes
3.3. The parametric VaR
3.4. Monte Carlo Simulations
Case Study: Analysis of the influence of macroeconomic factors on relevant financial variables through the application of linear econometric models
ECONOMICS I
1. International Capital Markets
1.1. Structure of the International Capital Markets
1.2. Growth of the International Capital Markets
2. Regulating International Banking and Capital Markets
3. Exchange Rates
3.1. Exchange Rates and International Transactions
3.2. The Foreign Exchange Markets
3.3. Money Supply and Exchange Rates in the Short term
3.4. Money, Price Level and Exchange Rate in the Short term
3.5. Price Level and Exchange Rate in the Long term
3.6. International Interest Rate Differentials and the Real Exchange Rate
4. The Balance of Payments Accounts
5. The Standard Trade Model
5.1. Economies of Scale and Market Structure
5.2. External Economies and International Trade
6. International Trade Policy
6.1. Instruments of Trade Policy
6.2. Trade Policy in Developing Countries
7. Theories of Fluctuations
8. Economic Situation
8.1. Basic Indexes
9. Informational Asymmetries
9.1. Adverse Selection
9.2. Moral Hazard
9.3. Signaling and Screening
Case Study: Analysis of the impact of the establishment of barriers on international trade
ECONOMICS II
1. The US Economy and its global impact
2. The European Economy
3. Eastern Europe
4. The Asian Countries
5. Latin America and Africa
6. Historical Facts
6.1. Major international crisis
6.2. Rescue Plans
FINANCE I
1. Fixed Income Products
1.1. Public Debt
1.2. Private Fixed Income
1.3. Credit Risk
1.4. Ratings
2. Equities
2.1. Characteristics of equity shares
2.2. Structure of the Stock Exchange Markets
2.3. Dealing and Stock Exchange operations
2.4. Stock Exchange transactions
2.5. Stock Market Indexes
2.6. Introduction of Fundamental Analysis
Case Study: Cost analysis of trading in the International Stock Markets.
FINANCE II
1. Derivative Products
1.1. Description of the Derivative Products Markets
1.2. Foundations of Derivatives
1.3. Valuation of Plain Vanilla, Interest Rate, and Exotic Options
1.4. Structured Products description
1.5. Construction of Structured Products
2. The Foreign Currency Market
2.1. Main Currencies
2.2. Characteristics of the Foreign Currency markets
2.3. Prices formation
2.4. Operating in the FX Market
2.5. Strategies in the FX Market
3. Commodities Markets
3.1. Foundations of the Commodities Markets
3.2. The Commodities Futures Market
3.3. The Commodities Options Markets
3.4. Agricultural Commodities Markets
3.5. Metals Markets
3.6. Energy Markets
3.7. Other commodities Markets
3.8. Investment Alternatives in Commodities
4. Money Markets and short term interest rate derivatives
4.1. Conventions and basic concepts
4.2. Management Strategies
4.3. Money Markets Derivative Products
5. Swaps
5.1. Interest Rate Swaps
5.2. Valuation of Swaps
5.3. IRS management strategies
5.4. Immunization of a bond portfolio / IRS
5.5. Cross Currency Swaps
6. Long term interest rate derivatives
6.1. Notional Bond Futures
6.2. Bond Portfolio Hedging Strategies using the Notional Futures
6.3. Long term interest rate Options
6.4. OTC Options
6.5. Swaption´s
7. Interest rate management strategies
7.1. Main Management strategies
8. Foundations of Technical Analysis
8.1. Technical Indicators
8.2. Oscillators
8.3. Volatility Indicators
8.4. Automatic trading systems
8.5. Market profile
8.6. Introduction to intraday trading
8.7. Sentiment Indicators and trading psychology
Case Study: Application of Portfolio Hedging Strategies using Derivatives.
FINANCE III
1. Portfolio Management
1.1. Equity Portfolio Management
1.2. Derivative Products and Portfolio Management
1.3. Fixed Income Portfolio Management
1.4. Foreign Currency Portfolio Management
1.5. Institutional Portfolio Management
2. Performance Attribution and Portfolio Risk measures
2.1. The effects of performance Attribution
2.2. Linking performance attribution
2.3. Performance attribution models
2.4. Equity attribution
2.5. Fixed income attribution
2.6. Attribution in derivatives
2.7. Interpretation of an Attribution Report
2.8. Global Portfolio summary
2.9. Risk Attribution
3. Alternative Management
3.1. Legal and Tax situation of Alternative Investment Management
3.2. Hedge Fund Structure
3.3. Income and Cost Structure of Hedge Funds
3.4. Quantitative Tools for the selection and management of Hedge Funds and “FOHF”
3.5. Hedge Funds Strategies
3.6. Fund of Hedge Funds Management
3.7. The “Due Diligence” process and Hedge Funds selection
3.8. Hedge Funds Indexes
4. Investment Funds
4.1. Types of funds and investment companies
4.2. Investment Fund Analysis and Selection
4.3. Fund Selection Indicators
4.4. The investment Fund Selection Process
5. Risk Management
5.1. Introduction
5.2. Market Risk
5.3. Credit Risk
5.4. Liquidity Risk
5.5. Operational Risk
6. Wealth Management
6.1. Real Estate
6.2. Behavioural Finances
6.3. Relationship Management
6.4. Wealth Planning
Case Study: The allocation, security selection, currency and interaction effects on a Global Mixed Portfolio
CORPORATE I
1. The Finance Function
1.1. Basic Considerations
1.2. Evolution
1.3. Goals and Objectives
1.4. The Finance Role
2. Financial Statement Analysis
2.1. Accounting information as a measurement tool of the Firm.
2.2. Financial-Economic Diagnosis of the firm
2.3. Evaluation of the Financial Equilibrium of the Firm
2.4. Forecasting
2.5. The Cost of Capital
2.6. Determination of the optimal Capital Structure
2.7. Dividend and Buy back policies
2.8. Corporate Restructuring
2.9. Creative Accounting
Case Study: Practical application of ratio analysis
CORPORATE II
1. Corporate Finance
1.1. Basic Concepts
1.2. Valuation Methods
1.3. Value Creation and New Valuation Tools
1.4. Alternative Valuation Approaches to Specific Cases
2. Working Capital Management
2.1. The Treasury function
2.2. Operating Cash Flow Management in a firm
2.3. How to manage the liquidity position of a company
3. Capital Budgeting
3.1. Capital budgeting: an overview
3.2. Project cash flows
3.3. Forecasting cash flows: Quantitative/Qualitative/Judgemental
3.4. Project analysis under Certainty/Risk
3.5. International project appraisal
4. The Banking Relationship
4.1. Concept and negotiation planning
4.2. Contribution to financial management improvement
4.3. The negotiation
4.4. Quantification of the Banking business
4.5. Negotiation Objectives setting
4.6. Determination of Negotiation strategy
5. Mergers and Acquisitions
5.1. The Mergers and Acquisition Market:
5.2. Definitions and basic concepts
5.3. Origination/Advisory Mandate
5.4. The Process Design
5.5. Controlled Auction
5.6. M&A Financing Alternatives
5.7. How do finance providers value M&A deals?
5.8. Other M&A issues
5.9. Tax aspects: Maximize profitability for buyer - seller
5.10.The Family company
5.11.Private Equity
Case Study: Practical corporate valuation using the DCF and comparables
CORPORATE III
1. Basic Corporate Financing
1.1. Plain Vanilla and Syndicated Loans
1.2. Bonds and Obligations Issuance
2. Trade & Commodity Finance
2.1. The Financing of International Trade
2.2. Financing Instruments
2.3. Trade & Commodity Finance in Emerging Markets
3. Project Finance
3.1. Introduction and basic concepts
3.2. Project Finance
3.3. International Contracting and Guarantees
3.4. Financial Agreement, supplier contracts and guarantees
3.5. Case Study: Critical issues in the drafting of the International Memorandum
3.6. Internal and External Fiscal implications of Project Finance transactions
3.7. Base SVP project Cash flow
3.8. Available sources of financing
3.9. Project Finance risks
3.10.Governmental subsidies and organisms involved in Project Finance
3.11.Export Credit Agencies (ECAs)
4. Other Structured Financing
4.1. Asset Securitization
4.2. Leveraged Transactions
4.3. Tax leverage Lease
5. Corporate Governance
5.1. The concept of the corporation; key parties and organizational structure; separation of ownership and control
5.2. Roles of shareholders and directors; institutional investors; directors’ remuneration
5.3. Accountability and financial aspects; role of statutory auditors; non-executive directors and audit committees
5.4. Responsibilities, remuneration and rights of employees
5.5. Theories of governance - agency, stewardship, stakeholder theory
5.6. Regulation in major countries
5.7. Globalization; current developments in corporate governance
Case Study: Financing alternatives for a Cross-Border acquisition.
INTERNATIONAL FINANCIAL REGULATION AND TAXES
1. Banking and Securities Regulations
2. Mifid (Markets in Financial Instruments Directive)
2.1. Introduction 2.2. Key aspects
3. Collective Investments Regulations
4. International Accounting Standards
4.1. Introduction
4.2. Impact in the Financial Markets
5. Basle II
5.1. Definitions
5.2. Impact in the Financial Markets
6. Bankruptcy & Corporate Restructuring
7. Corporate Law
8. Mergers & Acquisitions Law
9. Emerging Markets Law
10.Taxation
10.1.Basic Concepts
10.2.Double Taxation Treaties
10.3.Transfer Pricing
Case Study: The impact of Basle II in the international financial crisis
TECHNICAL SKILLS IN FINANCE
1. Excel Applied to Finance
1.1. Basic Commands
1.2. Advanced Commands
1.3. Tables
1.4. Dynamic Tables
1.5. Basic Functions
1.6. Advanced Functions
1.7. Security
1.8. Solver
1.9. Introduction to Visual Basic Applications
2. Financial Information Providers
2.1. Main Suppliers
2.2. How do these systems work
2.3. Type of Financial Information that can be retrieved
2.4. Main functions
2.5. Real Time (RT) Financial information
2.6. How to link between RT information and a spreadsheet
MANAGERIAL SKILLS IN FINANCE
1. Communication
2. Negotiation
2.1. Multicultural Management and negotiation in multicultural environments
2.2. The Chinese market and negotiations with the Chinese
2.3. European Union
2.4. The Asian countries market
2.5. USA
2.6. Latin America
3. Presentation Skills
4. Negotiation Dynamics
5. Consulting skills
ETHICS AND VALUES IN FINANCE
1. Business Ethics: Concept, Need, Effects, Responsibility and Decision-making
2. Compliance
3. Information Barriers
4. Ethical, Social and Environmental Management in businesses
5. Codes of Conducts
6. Business Cases
7. Ethics in Finance
1.1. Financial Operations. Profitability.
1.2. Capitalization and Discount Laws
1.3. Interest Rates
1.4. Capital Budgeting
1.5. Financial streams
1.6. Applications to the Financial markets.
2..Econometric Foundations Applied to Finance
2.1. Descriptive analysis of financial information
2.2. Univariate analysis
2.3. Two-variate analysis
2.4. Portfolio Correlations
2.5. Probability and random variables
2.6. Single variable probability models
2.7. Multivariate Models
2.8. Estimation
2.9. Hypothesis Testing
3. Econometrics Applied to Finance
3.1. Linear Regression Analysis
3.2. Stochastic Processes
3.3. The parametric VaR
3.4. Monte Carlo Simulations
Case Study: Analysis of the influence of macroeconomic factors on relevant financial variables through the application of linear econometric models
ECONOMICS I
1. International Capital Markets
1.1. Structure of the International Capital Markets
1.2. Growth of the International Capital Markets
2. Regulating International Banking and Capital Markets
3. Exchange Rates
3.1. Exchange Rates and International Transactions
3.2. The Foreign Exchange Markets
3.3. Money Supply and Exchange Rates in the Short term
3.4. Money, Price Level and Exchange Rate in the Short term
3.5. Price Level and Exchange Rate in the Long term
3.6. International Interest Rate Differentials and the Real Exchange Rate
4. The Balance of Payments Accounts
5. The Standard Trade Model
5.1. Economies of Scale and Market Structure
5.2. External Economies and International Trade
6. International Trade Policy
6.1. Instruments of Trade Policy
6.2. Trade Policy in Developing Countries
7. Theories of Fluctuations
8. Economic Situation
8.1. Basic Indexes
9. Informational Asymmetries
9.1. Adverse Selection
9.2. Moral Hazard
9.3. Signaling and Screening
Case Study: Analysis of the impact of the establishment of barriers on international trade
ECONOMICS II
1. The US Economy and its global impact
2. The European Economy
3. Eastern Europe
4. The Asian Countries
5. Latin America and Africa
6. Historical Facts
6.1. Major international crisis
6.2. Rescue Plans
FINANCE I
1. Fixed Income Products
1.1. Public Debt
1.2. Private Fixed Income
1.3. Credit Risk
1.4. Ratings
2. Equities
2.1. Characteristics of equity shares
2.2. Structure of the Stock Exchange Markets
2.3. Dealing and Stock Exchange operations
2.4. Stock Exchange transactions
2.5. Stock Market Indexes
2.6. Introduction of Fundamental Analysis
Case Study: Cost analysis of trading in the International Stock Markets.
FINANCE II
1. Derivative Products
1.1. Description of the Derivative Products Markets
1.2. Foundations of Derivatives
1.3. Valuation of Plain Vanilla, Interest Rate, and Exotic Options
1.4. Structured Products description
1.5. Construction of Structured Products
2. The Foreign Currency Market
2.1. Main Currencies
2.2. Characteristics of the Foreign Currency markets
2.3. Prices formation
2.4. Operating in the FX Market
2.5. Strategies in the FX Market
3. Commodities Markets
3.1. Foundations of the Commodities Markets
3.2. The Commodities Futures Market
3.3. The Commodities Options Markets
3.4. Agricultural Commodities Markets
3.5. Metals Markets
3.6. Energy Markets
3.7. Other commodities Markets
3.8. Investment Alternatives in Commodities
4. Money Markets and short term interest rate derivatives
4.1. Conventions and basic concepts
4.2. Management Strategies
4.3. Money Markets Derivative Products
5. Swaps
5.1. Interest Rate Swaps
5.2. Valuation of Swaps
5.3. IRS management strategies
5.4. Immunization of a bond portfolio / IRS
5.5. Cross Currency Swaps
6. Long term interest rate derivatives
6.1. Notional Bond Futures
6.2. Bond Portfolio Hedging Strategies using the Notional Futures
6.3. Long term interest rate Options
6.4. OTC Options
6.5. Swaption´s
7. Interest rate management strategies
7.1. Main Management strategies
8. Foundations of Technical Analysis
8.1. Technical Indicators
8.2. Oscillators
8.3. Volatility Indicators
8.4. Automatic trading systems
8.5. Market profile
8.6. Introduction to intraday trading
8.7. Sentiment Indicators and trading psychology
Case Study: Application of Portfolio Hedging Strategies using Derivatives.
FINANCE III
1. Portfolio Management
1.1. Equity Portfolio Management
1.2. Derivative Products and Portfolio Management
1.3. Fixed Income Portfolio Management
1.4. Foreign Currency Portfolio Management
1.5. Institutional Portfolio Management
2. Performance Attribution and Portfolio Risk measures
2.1. The effects of performance Attribution
2.2. Linking performance attribution
2.3. Performance attribution models
2.4. Equity attribution
2.5. Fixed income attribution
2.6. Attribution in derivatives
2.7. Interpretation of an Attribution Report
2.8. Global Portfolio summary
2.9. Risk Attribution
3. Alternative Management
3.1. Legal and Tax situation of Alternative Investment Management
3.2. Hedge Fund Structure
3.3. Income and Cost Structure of Hedge Funds
3.4. Quantitative Tools for the selection and management of Hedge Funds and “FOHF”
3.5. Hedge Funds Strategies
3.6. Fund of Hedge Funds Management
3.7. The “Due Diligence” process and Hedge Funds selection
3.8. Hedge Funds Indexes
4. Investment Funds
4.1. Types of funds and investment companies
4.2. Investment Fund Analysis and Selection
4.3. Fund Selection Indicators
4.4. The investment Fund Selection Process
5. Risk Management
5.1. Introduction
5.2. Market Risk
5.3. Credit Risk
5.4. Liquidity Risk
5.5. Operational Risk
6. Wealth Management
6.1. Real Estate
6.2. Behavioural Finances
6.3. Relationship Management
6.4. Wealth Planning
Case Study: The allocation, security selection, currency and interaction effects on a Global Mixed Portfolio
CORPORATE I
1. The Finance Function
1.1. Basic Considerations
1.2. Evolution
1.3. Goals and Objectives
1.4. The Finance Role
2. Financial Statement Analysis
2.1. Accounting information as a measurement tool of the Firm.
2.2. Financial-Economic Diagnosis of the firm
2.3. Evaluation of the Financial Equilibrium of the Firm
2.4. Forecasting
2.5. The Cost of Capital
2.6. Determination of the optimal Capital Structure
2.7. Dividend and Buy back policies
2.8. Corporate Restructuring
2.9. Creative Accounting
Case Study: Practical application of ratio analysis
CORPORATE II
1. Corporate Finance
1.1. Basic Concepts
1.2. Valuation Methods
1.3. Value Creation and New Valuation Tools
1.4. Alternative Valuation Approaches to Specific Cases
2. Working Capital Management
2.1. The Treasury function
2.2. Operating Cash Flow Management in a firm
2.3. How to manage the liquidity position of a company
3. Capital Budgeting
3.1. Capital budgeting: an overview
3.2. Project cash flows
3.3. Forecasting cash flows: Quantitative/Qualitative/Judgemental
3.4. Project analysis under Certainty/Risk
3.5. International project appraisal
4. The Banking Relationship
4.1. Concept and negotiation planning
4.2. Contribution to financial management improvement
4.3. The negotiation
4.4. Quantification of the Banking business
4.5. Negotiation Objectives setting
4.6. Determination of Negotiation strategy
5. Mergers and Acquisitions
5.1. The Mergers and Acquisition Market:
5.2. Definitions and basic concepts
5.3. Origination/Advisory Mandate
5.4. The Process Design
5.5. Controlled Auction
5.6. M&A Financing Alternatives
5.7. How do finance providers value M&A deals?
5.8. Other M&A issues
5.9. Tax aspects: Maximize profitability for buyer - seller
5.10.The Family company
5.11.Private Equity
Case Study: Practical corporate valuation using the DCF and comparables
CORPORATE III
1. Basic Corporate Financing
1.1. Plain Vanilla and Syndicated Loans
1.2. Bonds and Obligations Issuance
2. Trade & Commodity Finance
2.1. The Financing of International Trade
2.2. Financing Instruments
2.3. Trade & Commodity Finance in Emerging Markets
3. Project Finance
3.1. Introduction and basic concepts
3.2. Project Finance
3.3. International Contracting and Guarantees
3.4. Financial Agreement, supplier contracts and guarantees
3.5. Case Study: Critical issues in the drafting of the International Memorandum
3.6. Internal and External Fiscal implications of Project Finance transactions
3.7. Base SVP project Cash flow
3.8. Available sources of financing
3.9. Project Finance risks
3.10.Governmental subsidies and organisms involved in Project Finance
3.11.Export Credit Agencies (ECAs)
4. Other Structured Financing
4.1. Asset Securitization
4.2. Leveraged Transactions
4.3. Tax leverage Lease
5. Corporate Governance
5.1. The concept of the corporation; key parties and organizational structure; separation of ownership and control
5.2. Roles of shareholders and directors; institutional investors; directors’ remuneration
5.3. Accountability and financial aspects; role of statutory auditors; non-executive directors and audit committees
5.4. Responsibilities, remuneration and rights of employees
5.5. Theories of governance - agency, stewardship, stakeholder theory
5.6. Regulation in major countries
5.7. Globalization; current developments in corporate governance
Case Study: Financing alternatives for a Cross-Border acquisition.
INTERNATIONAL FINANCIAL REGULATION AND TAXES
1. Banking and Securities Regulations
2. Mifid (Markets in Financial Instruments Directive)
2.1. Introduction 2.2. Key aspects
3. Collective Investments Regulations
4. International Accounting Standards
4.1. Introduction
4.2. Impact in the Financial Markets
5. Basle II
5.1. Definitions
5.2. Impact in the Financial Markets
6. Bankruptcy & Corporate Restructuring
7. Corporate Law
8. Mergers & Acquisitions Law
9. Emerging Markets Law
10.Taxation
10.1.Basic Concepts
10.2.Double Taxation Treaties
10.3.Transfer Pricing
Case Study: The impact of Basle II in the international financial crisis
TECHNICAL SKILLS IN FINANCE
1. Excel Applied to Finance
1.1. Basic Commands
1.2. Advanced Commands
1.3. Tables
1.4. Dynamic Tables
1.5. Basic Functions
1.6. Advanced Functions
1.7. Security
1.8. Solver
1.9. Introduction to Visual Basic Applications
2. Financial Information Providers
2.1. Main Suppliers
2.2. How do these systems work
2.3. Type of Financial Information that can be retrieved
2.4. Main functions
2.5. Real Time (RT) Financial information
2.6. How to link between RT information and a spreadsheet
MANAGERIAL SKILLS IN FINANCE
1. Communication
2. Negotiation
2.1. Multicultural Management and negotiation in multicultural environments
2.2. The Chinese market and negotiations with the Chinese
2.3. European Union
2.4. The Asian countries market
2.5. USA
2.6. Latin America
3. Presentation Skills
4. Negotiation Dynamics
5. Consulting skills
ETHICS AND VALUES IN FINANCE
1. Business Ethics: Concept, Need, Effects, Responsibility and Decision-making
2. Compliance
3. Information Barriers
4. Ethical, Social and Environmental Management in businesses
5. Codes of Conducts
6. Business Cases
7. Ethics in Finance
DFP_