Structured products: mechanisms and main uses
Create and evaluate the main structured products
Master the market, the actors and their motivations
Understand how the main structures are designed in the market and know how to calculate their price
Know the risks of structured products
Creating a structured product
- The different types of structured products
- Theoritical price and hedging costs
- Price sensitivity factors
- Secondary market
Underlyings
- Short term and long term rates, bonds, inflation
- CMS principles: introduction to convexity
1st generation options
- Caps and Floors
- Digital options
Callable structures
- The «short convexity» syndroma
- The «Vol bonds» case
2nd generation structured products
- Introducing path dependency
- The path dependency hints
- General principles of Monte Carlo simulation
- Tarns and snowballs
- Auto calls and trigger bonds
Case Study: Analysis of 1st and 2nd generation structured products
The buy side
- Needs and constraints of customers
Case Study: Create a structured product adapted to your client's needs
The sell side
- Which product for which need ?
Case Study: Analysis of structured products according to market conditions
The market factors
- Interest rates
- Volatility
- Other factors
Creating a structured product
- The different types of structured products
- Theoritical price and hedging costs
- Price sensitivity factors
- Secondary market
Underlyings
- Short term and long term rates, bonds, inflation
- CMS principles: introduction to convexity
1st generation options
- Caps and Floors
- Digital options
Callable structures
- The «short convexity» syndroma
- The «Vol bonds» case
2nd generation structured products
- Introducing path dependency
- The path dependency hints
- General principles of Monte Carlo simulation
- Tarns and snowballs
- Auto calls and trigger bonds
Case Study: Analysis of 1st and 2nd generation structured products
The buy side
- Needs and constraints of customers
Case Study: Create a structured product adapted to your client's needs
The sell side
- Which product for which need ?
Case Study: Analysis of structured products according to market conditions
The market factors
- Interest rates
- Volatility
- Other factors
Thierry Gainon

Thierry has worked his entire career in the financial markets where he was in charge of structuring on the fixed income and equities markets. Today, in charge of risk for a pension fund, he masters the technical aspects of structured products and has extensive knowledge of the current offer.
Thierry Gainon also teaches :
- Gestion des risques au sein d’un OPC (Catalogue Marchés financiers)
- Initiation au langage R (Catalogue Marchés financiers)
- Investissement et produits dérivés dans les Institutions de Prévoyance et Caisses de Retraite (Catalogue Banque & Assurance)
- Les obligations fixed to float (Catalogue Marchés financiers)
- Programmer en Python – Niveau 1 (Catalogue Marchés financiers)
- Programmer en R – Niveau 2 (Catalogue Marchés financiers)
- Programmer en VBA (Catalogue Marchés financiers)
- Programmer en VBA – Niveau 2 (Catalogue Marchés financiers)
- Structurés de taux : montages et utilisations (Catalogue Marchés financiers)