Finance markets course

Understanding banking, debt products, mergers and acquisitions

  • Session 1: What do banks really do?
    • Understanding banking products and the differences between them
    • Anatomy of a bank
Group exercise. Navigating around a bank
    • Overview of banking products
    • Key jargon terms: demystified
    • Where people fit
    • Who can afford their own yacht?
    • Understanding front, middle & back office roles
Group exercise. Identifying roles
    • Making bank strategy work
    • What examples do we have of strategy failure?
    • What’s the route forward?
    • Review: what are the risks that banks face?
    • What caused the credit crisis?
  • Session 2: Getting to grips with the business press
    • Unpacking the financial pages
    • How to know everything by reading 3-5 pages max
Exercise. Identifying deals/ identifying opportunities
  • Session 3: Other financial institutions
    • Fund management
    • Private banking
    • Hedge funds
    • Private equity firms
    • Major strategies and risks
  • Session 4: Debt products
    • Clear, simple and concise introduction to the different forms of lending
    • Senior debt
Group exercise – understanding debt products. In front of you is some analysis conducted by a major investment bank. Based on what you see there, what has this analyst done wrong?

    • You now know about senior debt products, what has the bank done wrong?
    • High-yield debt
    • Mezzanine

Group exercise – understanding mezzanine and subordinated debt products. Imagine you represent the senior lender and the finance director at your client wants to take on mezzanine finance to complete a deal. What are your concerns? What protections could you (reasonably) ask for?

    • The client business has just told you they are now talking to a mezzanine provider. What should you be worried about?
    • Payment-in-Kind
    • Asset based lending
    • Securitisations
    • Project financing
    • Understanding the nature of different financial instruments and risk profiles
    • Drivers on debt holders

  • Session 5: M&A and equity capital markets
    • Why does M&A happen?
    • Sources of synergies
    • What would you be most sceptical about?
    • Traps for the unwary
    • What is a float?
    • Overview of the process
    • Key roles
Exercise – flotation as an exit route. You are a board representative for Bridgepoint Private Equity, sitting on the board of a company the private equity firm has invested in. It’s time to sell and the company is considering floating or selling to a trade buyer. What is Bridgepoint’s preferred route forward? What really happened?
  • Course conclusion
    • Key opportunities
    • Major areas of commercial debate
    • Recap on main learning points

Law CPD courses from training company FTA Ltd

For details of FTA’s training course program please see our list of law CPD courses.