CFA/EFPA (EFA/EFP/EIP) Course - The role of interest rates and dividends in the construction of certificates

#8 ONLINE COURSE - The role of interest rates and dividends in the construction of certificates  --- REGISTER
Accredited for maintaining EFPA certification (2 hours/credits) levels  EFA, EFP, EIP e ESG Advisor, EIS, PPF, PPS, PMK, EPS, EAI 
Accredited CFA Society Italy* for 2 credits
Teachers: Pierpaolo Scandurra and Giovanna Zanotti


The role that interest rates play in constructing the optional structure of the certificate and on the price during the life of the instrument is illustrated. In addition, because the cost of the option structure of certificates is the estimated dividend of the underlying asset that the investor renounces, a positive or negative change in dividends affects the price of the certificate.

  • Role of interest rates in the construction of certificates and the impact on market value before maturity

  • Consequences of an increase or a cut in the dividends of the underlying asset on the market prices of the certificates

  • Use cases and pricing analysis

*CFA Society Italy has determined that this program qualifies for PL credit hour(s) under the guidelines of the CFA Institute Professional Learning program. If you are a CFA Institute member, you can self report PL credit(s) for your participation accessing the PL tracking tool through your account on the CFA Institute website. One credit hour is equal to one hour (60 minutes) of educational activity.