• Dynamic, Interactive e-learning
  
• Focused on the Financial Services Industry

• Customizable Content, Design and Hosting
  
• Cost-effective, Integrated Solution

1. U.S. Federal Reserve System

All topics of Balance Sheet Management

Two, one-week programs (every week) from 1995-2000. Presented 25 times to over 500 delegates

(a-e) 25, one-week programs from
1996-2000. Attended by over
500 delegates

(f) Two-day Top Management Forum. Attended by over 50 Senior Executives

13. Sears Roebuck

A one-week program on Financial Statement Analysis, Capital Budgeting, Retail Industry Case Studies and Performance Benchmarking

The program was targeted at Comptrollers/Finance Executives from all the store's regions and Head Quarters. It was repeated 25 times

14. D’arcy Masius Benton & Bowles

15. Trinova

• Financial Institutions
  - Commercial Banks
  - Investment Banks
  - Housing Societies / Thrifts
  - Mutual Funds
  - Brokerage Houses
• Stock Exchange
  
• Derivatives Exchanges
  
• Insurance Companies
  
• Multinational Corporations

• Supervisory Agencies
  
• Securities Commissions
  
• Central Banks
  
• Accountancy Firms
  
• Consultancy Firms
  
• Law Firms
  
• Rating Agencies
  
• Multilateral Financial Institutions
  
• Others

Volatile global markets, proliferation of new financial products and changing regulatory environments has made Asset Liability Management a critical task for financial institutions today. It is therefore becoming increasingly important to define, measure, monitor and manage a financial institution’s exposure to foreign exchange, interest rate and liquidity risks on a coordinated and consistent basis.

The themes of this product are:

• Exposure by ‘choice’ not by ‘chance’
• Assets and Liabilities may be good when viewed in isolation but what is required is a proper match between them
• An integrated approach with our proprietary 9-Part Framework for ALM
• Examine not only what is On-Balance Sheet and
  Off-Balance Sheet but also what is Behind the Balance Sheet (quality of Risk Management Infrastructure)

CERTIFIED FINANCIAL PLANNER™ Certificant
The Certified Financial Planner Board of Standards has accepted the e-learning & reference solutions on Asset Liability Management for Continuing Education Credits.
Number of CE Credits: 15.0

The need for sophisticated Liquidity Management is of growing concern to financial institutions today. It is becoming vital for financial institutions to define, measure, monitor and manage all forms of financial exposure on a coordinated and consistent basis.

This product enables users to:

• Understand how to measure, monitor and control liquidity
• Perform the cost-benefit analysis of various liquidity strategies
• Comprehend funding and trading liquidity risks
• Study the liquidity profiles of institutions with various risks: Credit, Market and Operational Risk
• Examine the liquidity implications of derivatives
• Evaluate several contingency funding plans

Financial institutions worldwide are grappling with the challenges in optimal capital allocation between the twin objectives of profit maximization and regulatory compliance.

This product enables users to:

• Understand the capital requirements under the existing standards for both Credit Risk and Market Risk
• Study Risk Adjusted Return On Capital (RAROC) techniques
• Allocate capital optimally within the goals of profit maximization and regulatory compliance

This edition on Capital Adequacy Planning for Canada (Basel-II) has been developed on request from our banking supervisory agency/financial institution client.

• Understand the capital requirements under the existing standards for both Credit Risk and Market Risk
  
• Study Risk Adjusted Return On Capital (RAROC) techniques
  
• Allocate capital optimally within the goals of profit maximization and regulatory compliance

Basel-II: New Capital Proposals will have a revolutionary impact on all financial institutions worldwide. The new proposals are not clarifications or amendments but wholesale revision of the Capital Accord of 1988. As the Basel Committee tries to improve on the existing system of Credit Risk and tackle the complex issues of capital for Operational Risk, the proposals introduce several new concepts. Every institution needs to understand the implication of Basel-II and prepare now for its eventual implementation. A new mindset is required for concepts such as Capital Based on External Credit Ratings, Internal Models Approach to Credit Risk and the Three Pillar Framework.
This product is continuously updated to reflect the latest modifications issued by Basel.

This product enables users to:

• Analyze the impact of Basel-II Capital Requirements on Management Practices including Strategic Planning, Product Pricing and Optimal Risk Profile

Asset Securitization has revolutionized the field of finance. It provides an opportunity for financial institutions to enhance liquidity, generate fee-based income and optimize the usage of capital. It can also be a source of competitive financing for corporations. For investors, Securitized Assets offer additional investment opportunities with different Risk/Return
Trade-offs. As with any new product or process, benefits entail certain risks. The objective of Asset Securitization is to obtain the benefits and manage the associated risks.

This product enables users to:

• Develop a conceptual framework for Asset Securitization
• Analyze the factors that influence pricing of Asset-backed Securities
• Review the Rating Agency’s perspective on Asset Securitization
• Evaluate the alternative structures for Credit Enhancement
• Study the products and structures of several real-life examples of Securitization
• Understand various other aspects such as Accounting,
  Tax and Supervision

CERTIFIED FINANCIAL PLANNER™ Certificant
The Certified Financial Planner Board of Standards has accepted the e-learning & reference solutions on Asset Securitization for Continuing Education Credits.
Number of CE Credits: 16.0

The product discusses practically every form of popular Credit Derivative instruments. It comprehensively covers the procedures, market participants, various statutes that govern the process and participants (Accounting, Legal, Risk Management) and provides an in-depth discussion of the concepts underlying Credit Derivatives. Job Aids such as calculators, up-to-date market regulations and benchmarking data for large banks have been included.

The course library is structured to be a learning vehicle for beginners and a reference tool for seasoned practitioners.

The product covers areas such as

• Addressing Operational Risk and various ORM Models
• The role of Enterprise-wide Risk Information System in present-day financial institutions, and the issues that need to be addressed in its implementation
• Trends leading to increased convergence of Banking and Insurance sectors
• Advantages and disadvantages of various risk financing approaches
• Legal aspects
• Various Operational Risks that an organization may face in the Internet Banking Channel.
• Software employed to measure and manage Operational Risk.
• Best Practices, as part of the Job Aids section– to highlight sound practices for the management and supervision of Operational Risk formulated by the Basel Committee on Banking Supervision.

This product enables users to:

• Gain a comprehensive understanding of Operational Risk Management aspects such as Methodology, Risk Mitigation, Measuring and Managing Operational Risk, Models, Legal Risk, Emerging Challenges & Operational Risk Systems and Software
  
• Draw lessons from the collapse of Barings Bank
  

A comprehensive product with 19 courses covering topics such as : General Awareness, Due Diligence & Compliance Program, Management Perspective and Legislations

The product enables users to:

• Familiarize with all aspects of Money Laundering and Money Laundering Typologies
• Comprehend the implications of Offshore Financial Centers and Non-cooperative countries on Money Laundering
• Gain a thorough knowledge of the Due Diligence & Compliance Program that forms an integral part of the Anti-Money Laundering strategy
• Understand the implications and penalties for non-compliance with Anti-Money Laundering legislations
• Recognize senior management responsibilities

This product was developed with assistance from Office of the Superintendent of Financial Institutions (OSFI) Canada. A team of insurance experts from the industry and regulatory agencies helped in the design, development and delivery of this e-learning product.
The product presents an integrated approach towards Balance Sheet Management of insurance companies. The Library of Courses highlights the characteristics of products and functions in the insurance industry that have a bearing on ALM. The course also discusses the ways to identify, define, measure, monitor and effectively manage all forms of risk exposures.

This product enables users to:

• Apply ALM as a tool for competitive advantage
  
• Comprehend and implement ALM techniques for Risk Management
  
• Understand valuation challenges for Insurance Liabilities and Structured Assets
  
• Use ALM as a catalyst in strategy formulation for insurance companies

CERTIFIED FINANCIAL PLANNER™ Certificant
The Certified Financial Planner Board of Standards has accepted the e-learning & reference solutions on Asset Liability Management for Insurance Companies for Continuing Education Credits.
Number of CE Credits: 16.0

The product focuses on the measurement, monitoring and formulation of prudential regulations and requirements to foster the development of a framework to control risks inherent in banking as per the guidelines issued by the Basel Committee on Banking Supervision.

In this course library, we provide comprehensive and up-to-date coverage of all guidelines issued by the Basel Committee.

This product deals with various sources of Market Risk such as Interest Rate Risk, Foreign Exchange Risk, Equity Risk and Commodity Risk. It introduces the practitioner to ways of measuring them using Value at Risk. The product also deals with the regulatory issues in Market Risk management.

CERTIFIED FINANCIAL PLANNER™ Certificant
The Certified Financial Planner Board of Standards has accepted the e-learning & reference solutions on Market Risk (Basic Level) for Continuing Education Credits.
Number of CE Credits: 13.0

As a result of financial volatility, new product explosion, globalization and regulatory initiatives, Market Risk management has become very critical.
The product deals with sophisticated tools such as Value at Risk, Stress Testing and the various models to estimate it. With the proliferation in usage of tools such as Value at Risk by banks and financial institutions, there has been a phenomenal growth of vendors offering risk management software solution in this area. The product has a course on Risk Management Systems that gives a profile of the major vendors available in the market.
The product also focuses on Case Studies of Barings Bank, Orange County and Metallgesellschaft from a market risk perspective and applies Value at Risk tool for calculating worst-case losses.

CERTIFIED FINANCIAL PLANNER™ Certificant
The Certified Financial Planner Board of Standards has accepted the e-learning & reference solutions on Market Risk (Intermediate Level) for Continuing Education Credits.
Number of CE Credits: 6.0

This product deals with Market Risk measurement tools such as Value at Risk and Stress Testing at an advanced level with emphasis on modeling them. The product also deals with advanced volatility and correlation models such as GARCH and EMWA. To put VaR into the context of managing a bank’s capital in making strategic decisions such as capital allocation, the product has a course on Risk-adjusted Performance Measurement.

CERTIFIED FINANCIAL PLANNER™ Certificant
The Certified Financial Planner Board of Standards has accepted the e-learning & reference solutions on Market Risk (Advanced Level) for Continuing Education Credits.
Number of CE Credits: 5.0

Traditionally, lenders have faced Credit Risk in the form of default by borrowers. To this date, Credit Risk remains a major concern for lenders worldwide. The more they know about the creditworthiness of a potential borrower, the greater the chances of maximizing profits, increasing market share, minimizing risk and reducing the financial provision that must be made for bad debt.

This product provides fundamental understanding of the credit risk analysis process and discusses in detail, various aspects of financial statement analysis, including ratio and cash flow analysis, among others to help in making better credit-related decisions. It also looks at various non-financial factors such as Business Plan, Industry/Sector, Top Management, etc. that could affect the creditworthiness.

Credit rating is in focus because of high profile credit problems and the New Basel– II Proposals.

This product focuses on risk analysis approaches (as practiced by financial institutions internally and credit rating agencies) and comprises:

• Methodologies for rating credits
• Factors considered for credit analysis and scoring
• Calibration and validation of the arrived at credit scores
• Credit rating practices of specialized rating agencies
• Basel’s internal rating– based approach to mitigate credit risk
  

Expansion and globalization of financial markets, complicated derivates contracts and an array of structured products are giving rise to Counterparty Credit Risk.

This product focuses on the mechanics and techniques of the assessment, quantification and management of Credit Risk for various derivative products and includes techniques for the mitigation of pre-settlement and settlement risk such as netting and margin and collateral requirements. Monte Carlo simulation methods for projecting worst-case exposure at the portfolio level.

This product deals with Credit Risk Models and management of Credit Risk.
Credit Risk Models provide a framework for quantifying credit risk in portfolios of traditional credit products (loans, commitments to lend, financial letters of credit), fixed income instruments and market driven instruments subject to counterparty default (swaps, forwards, etc.).

This product focuses on:

• Conceptual Approach to Credit Risk Modeling
  
• Most widely accepted credit models such as Credit Metrics, Credit Suisse First Boston, KMV and McKinsey
  
• Managing Credit Risk at a portfolio level with special emphasis on active credit portfolio management approach

Uncertain global economic scenarios and recent corporate debacles have reduced public confidence in corporations. Adopting effective Corporate Governance measures is the panacea for corporate failure. Corporate Governance has achieved greater importance in recent years.
This product helps understand how corporations are best managed and governed.

Key features of the product are:

• Inclusion of important principles and guidelines as published by OECD, CACG, ICGN, Cadbury Committee, Blue Ribbon Committee, etc.
  
• Courses on Corporate Governance and Best Practices serve as a guide for corporate managers, directors, employees, shareholders and other stakeholders
  
• Highlights of recent corporate scandals including case studies of old heavy weight companies that have collapsed due to bad and inefficient governance
  
• Summaries of the recent Corporate Responsibility Bills of the US and the UK for easy comprehension

This product deals with the fundamental concepts that provide a strong foundation to the users for application in the field of finance.

Topics covered in this product include:

• The concept of Time Value of Money is pivotal to the evaluation of cash flows at various points in time
  
• Basic financial measures such as Current Yield, Yield-to-Maturity, Total Return Analysis, Duration and Convexity, the mechanics of bond pricing and the issues involved therein
  
• The concepts of volatility and correlation that forms a basis for understanding Market Risk measures such as Value at Risk

CERTIFIED FINANCIAL PLANNER™ Certificant
The Certified Financial Planner Board of Standards has accepted the e-learning & reference solutions on Financial Mathematics for Continuing Education Credits.
Number of CE Credits: 7.0

Growth of internationalization has increased the use of derivative instruments in the financial markets. Futures markets provide the widest range of trading opportunities. It is important to understand the characteristics of futures and its usage as a financial instrument for risk management purposes.

This product enables users to:

• Understand the terminologies used in Futures markets
  
• Enhance knowledge of different types of Futures available in the financial market
  
• Apply futures for trading activities
  
• Identify futures as a tool for arbitrage, speculative and hedging purposes

CERTIFIED FINANCIAL PLANNER™ Certificant
The Certified Financial Planner Board of Standards has accepted the e-learning & reference solutions on Futures & Forwards for Continuing Education Credits.
Number of CE Credits: 7.0

Swap transactions that involve exchange of one set of cash flows for another, represent one of the cornerstones of derivatives trading. Since its inception, the swaps market has experienced phenomenal growth (over US$ 3 trillion in size today).
Financial institutions and corporate treasuries are increasingly employing swaps.
This product is targeted at management professionals, traders, back office support staff and corporate treasurers seeking to use swaps in asset management. It is also useful for those with an interest in this topic to understand the variety and complexity of today’s market and its varied application.

CERTIFIED FINANCIAL PLANNER™ Certificant
The Certified Financial Planner Board of Standards has accepted the e-learning & reference solutions on Swaps for Continuing Education Credits.
Number of CE Credits: 7.0

Financial Options have changed the face of finance by creating new ways to understand, measure, and manage risks. These should be considered part of any firm's
risk-management strategy to ensure that value-enhancing investment opportunities are pursued. This product is targeted at those individuals needing to understand the positions that can be taken in option transactions.
It is useful for those involved in option transactions, since they can graphically understand the risk/reward profile of various option positions.
Knowledge of this content is fundamental to effectively explain sophisticated hedging and monetization strategies.
Analytical and numerical methods of option pricing have been dealt with detail.

CERTIFIED FINANCIAL PLANNER™ Certificant
The Certified Financial Planner Board of Standards has accepted the e-learning & reference solutions on Options for Continuing Education Credits.
Number of CE Credits: 10.0

This product is designed to train professionals on common Money Market instruments in-use at financial centers worldwide. The courses are structured to give the users a complete perspective on instruments- from theory to application.
The product is targeted at all finance and non-finance individuals whose profession is related to activities of the money market.
The first three courses lay down the foundation for the remaining courses. The other six courses deal with instrument specific minutiae.
Subject matter in all courses is interspersed with many simple, yet interesting exercises, numerical calculators and crosswords.

For every instrument, emphasis is on:

• Terminology
  
• Arithmetic involved
  
• Issuance related aspects and
  
• Specific technicalities, if any

The product presents the Financial Privacy regulation promulgated under the Gramm-Leach-Bliley Act. It covers various technicalities of the regulation along with interactive exercises, crossword, glossary and job aids comprising of relevant legislations, policies and guidelines published jointly by the Federal Reserve and the Congress.

The product enables users to gain an insight into:

• Financial Privacy regulation in the United States
  
• Persons / institutions required to comply, persons protected and the type of information protected under the regulation
  
• Restrictions on sharing of information
  
• Privacy notices
  
• Exceptions to the privacy notice requirements
  
• Privacy examination procedures
  
• Security guidelines
  
• Managerial responsibilities vis-à-vis requirements of privacy regulation

The course library is structured to be a learning vehicle for beginners as well as professionals involved in day-to-day banking activities.

The importance of the treasury function has been highlighted over the past few years. Risk mitigation, exposure management and the uses of hedging strategies are all now considered essential.

Treasury managers must be able to use and apply financial products in order to maximize profit. With the ever-increasing range and complexity of available financial instruments, treasury managers must constantly update their skills in order to effectively undertake their crucial duties.

This product deals with key functions in foreign exchange management, risk management and financing activities. Implementation aspects such as developing policy statements and controls are discussed. These aspects are supported by case studies of failures of various corporations.

This solution deals comprehensively with all products, pricing, risks and application in Foreign Exchange Markets. It includes all foreign exchange derivatives such as Currency Futures / Swaps / Options and a thorough treatment of Second Generation Forward Contracts. The calculators/simulations help practice pricing, structuring and application. The course also incorporates actual cases.

This product deals comprehensively with Global Bond Markets- government and corporate, domestic and Euro, straight and option-embedded. Together with courses from Money Markets / Derivatives course libraries, delegates have opportunities to analyze products, pricing, trading and hedging strategies in Fixed Income Markets.

This solution deals with equity valuation, global equity markets and equity derivatives of every kind (Stock Index Futures, Equity Options, Equity Structured Products, Principal- protected equity- Indexed Products, Warrants and Convertibles).
Practical examples and applications are illustrated from financing, investing, emerging and position-taking activities. The Job Aids include several calculators and simulations.

This e-learning and reference solution deals with all commodity / energy based spot and derivative products, their pricing, risks and application. It also includes a course on trading practices and controls and concludes with three classic case studies. The calculators / simulations enable several real life applications.

e-Learning not e-Reading

• We believe in e-learning not e-reading. Accordingly we have incorporated several engaging graphics, interactive simulations and useful calculators that provide an opportunity to explore calculations for several key concepts in particular courses. Our courses are interspersed with practice exercises and interactive applets to help apply the knowledge of theoretical concepts.

Content and Context

• Top quality content has been presented in the relevant context of case studies and best practices.
  

To find out more about learning with KESDEE view our product demo at www.kesdee.com

• UBS
  
• Royal Bank of Canada
  
• Office of the Superintendent of Financial Institutions (OSFI), Canada
  
• Banco Popular
  
• Cagamas
  
• Moscow Norodny Bank
  
• Central Credit Union Fund
  
• ICICI Bank Ltd.
  
• Commercial Capital Bank
  
• Aegon Life Insurance, Inc.
  
• Aon Warranty Services Inc.
  
• Argonaut Group Inc.
  
• KBC Bank & Verzekeringen
  
• ABN AMRO
  
• Allstate Life Insurance Company
  
• Allainz Hungaria Biztosito Rt.
  
• American Honda Finance Corporation
  
• Ameritas Life Insurance Corp.
  
• Australian Prudential Regulation Authority
  
• Banco Cuscatlan de Gautemala
  
• Banco de Chile
  
• Banco de Credito del Peru
  
• Banco Finantia
  
• Banco G&T Continental, S.A.
  
• Bangkok Bank PCL
  
• Bank Mandiri
  
• Bank of China
  
• Banco Populaire Haitienne
  
• BANSEFI
  
• Barclays Bank
  
• Betzold Investment Group, Inc.
  
• Betzold Research & Trading, Inc.
  
• Bouygues Construction Dragages Asia
  
• Brazos Higher Education Service Corporation
  
• Capital & Credit Merchant Bank Ltd.
  
• Central American Bank
  
• Charter One Bank
  
• CIT Group/ Speciality Finance Inc.
  
• Citicorp Investment Bank (Singapore) Ltd.
  
• Council of Europe Development Bank
  
• Cove Asset Management Inc.
  
• Credit Suisse First Boston (Europe) Ltd.
  
• Daimler Chrysler
  
• Danske Bank
  
• DBS Bank
  
• Dehring Bunting & Golding Ltd.
  
• Desdner Bank
  
• Deutsche Bank
  
• Deutsche Verkehrs Bank
  
• Development Bank of Singapore
  
• Development Finance Corporation
  
• East-West United Bank, SA
  
• Ericsson Treasury Services Asia Pte. Ltd.
• Eurofima

• Fannie Mae
  
• Farm Credit Administration, USA
  
• Farm Credit Canada
  
• Farm Credit System Insurance
  
• Federal Reserve Bank of Chicago
  
• First Data Corporation
  
• Financial Guarantee Corporation
  
• First Republic Bank of San Francisco
• Government of Singapore Investment Corporation
  
• Great Eastern Life Assurance Co.Ltd.
  
• Halifax Bank Of Scotland Plc.
  
• Honk Kong Mortgage Corporation Ltd.
  
• IBT Securities Co., Ltd., Taiwan
  
• ING Insurance
  
• Imbank
  
• Inland Bank (Nigeria) Plc.
  
• Instituto de Fomento de Hipotecas Aseguradas
  
• Life of Jamaica
  
• Mahab Ghodss Consulting Engineers
  
• Manulife Funds Direct HK Ltd.
  
• Metropolitan Mortgage & Securities Co.Inc
  
• Monetary Authority of Singapore
  
• Mutualista Pichincha
• National Commercial Bank Jamaica Ltd.
  
• National Discount House Ltd.
  
• Nations Trust Bank Ltd.
  
• NDH Holdings Ltd.
  
• OCBC Bank
  
• ORIX USA Corporation
  
• Patriot Bank
  
• Petronas
  
• PriceWaterhouseCoopers Consulting
  
• PKO Bank Polski SA
  
• Raiffeisen Bank
  
• Sampo Bank Plc.
  
• Scotia Capital
  
• Scotia Jamaica Life Insurance Co.Ltd
  
• Scotiabank
  
• Southern Bank Berhad
  
• Southern Investment Bank
  
• Straights Lion Asset Management Pte.Ltd.
  
• Superintendencia de Bancos y Seguros del Ecuador
  
• Telia Finans AB
  
• Thai Farmers Bank
  
• Thai Life Insurance Co.Ltd.
  
• The Overseas Assurance
  
• Corporation Ltd.
  
• The Royal Bank of Scotland
  
• Toyota Motor Credit Corporation
  
• Ulico Casualty Company
  
• Unicredito Italiano
  
• Wachovia Bank
  
• Zagrebacka Banka d.d.
  
• Zurich Insurance

Finance Theory, Financial Instruments and Markets

1. Portfolio Theory
2. Tobin’s Approach
3. Contingent Claims
4. Compounding Methods
5. Bonds
6. Floating Rate Notes
7. Futures, Forwards
8. Swaps
9. Options
10. Basics of Term Structure Modeling
11. Hybrid Instruments
12. Convertible Bonds
13. Caps, Floors, Swaptions
14. Simple Exotics
15. Money Market
16. FX Market
17. Commodities Market
18. Power Markets
19. Capital Markets

Mathematical Foundations of Risk Measurement

1. Calculus
2. Linear Algebra
3. Probability
4. Linear Regression
5. Monte Carlo Simulation
6. Statistics

Risk Management Practices

1. Duration and Convexity
2. Cash Flow Maps and PVBP Interest Rate Sensitivity
3. Greeks of Instruments and Portfolios
4. Implied Volatility and Smile, Smirk
5. Value-at-Risk (VaR)
6. Calculation of VaR for Linear Portfolios
7. Monte Carlo and Historical Calculation of VaR
8. Market Risk Limits (stop-loss, exposure, VaR)
9. Alternative Risk Measures
10. Market Risk- RAROC & Economic Capital Allocation
11. Operational Risk
12. Overview of Credit Risk
13. Actuarial Methods
14. Exposure, Loss Given Default (LGD) and Expected Loss
15. Rating Agencies and their Grades
16. Settlement Risk and Netting Systems
17. Marginal, Cumulative Default Risk
18. Transition Matrix, Joint Transition Matrix
and Correlated Migrations
19. Credit Derivatives
20. Recovery Rate Distributions
21. Merton and KMV Models
22. Credit Risk- RAROC & Economic Capital Allocation

Case Studies, PRMIA Standards of Best Practice

1. Barings
2. Metallgesellschaft
3. LTCM
4. Group of 30 Report
5. PRMIA Standards of Best Practice, Conduct and Ethics
6. PRMIA Bylaws