Corso online CFA/EFPA - I Certificati a leva: Leva Fissa, Leva Variabile (Turbo e Minifutures)

#9 ONLINE COURSE  - Leverage Certificates: Fixed Leverage Certificates, Variable Leverage Certificates (Turbo and Minifutures)  --- REGISTER
In the process of being accredited for maintaining EFPA certification (6 hours/credits) levels  EFA, EFP, EIP e ESG Advisor, EIS, PPF, PPS, PMK, EPS, EAI (4 hours)
in the process of being accredited CFA Society Italy* for 4 credits 
Teachers: Nicola Para e Giovanna Zanotti

The characteristics and proper use of leverage certificates for both trading and portfolio hedging are explained in the course

PART #1

FIXED-LEVERAGE CERTIFICATES

  • Main characteristics (listing on a regulated market)
  • How them work
  • Daily re striking (apparent performance discrepancies due to the time lag between Certificates and underlying)
  • Compounding effect: impact over a period longer than the single day and at the same level of the underlying
  • Leverage: enemy or friend?
  • Choice of leverage in relation to the underlying volatility
  • Intraday restrike (intraday leverage adjustment mechanism)
  • Dividends
  • Taxation
  • Costs
  • Benefits and risks of certificates
  • Practical examples

PART #2

VARIABLE LEVERAGE CERTIFICATES (TURBO AND MINIFUTURES)
  • Main characteristics (listing on a regulated market)
  • How it works
  • The deadlines
  • Leverage: enemy or friend?
  • Variable leverage (as calculated)
  • Choice of leverage in relation to the underlying volatility
  • Barrier and the Knock Out event
  • Differences between types of Variable Leverage Certificates
  • Dividends
*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.