Teaching small businesses the language of credit and finance; the first step in removing access to finance barriers. Access to credit for small businesses is always an issue, generally for all the wrong reasons. It is not that small businesses are not bankable businesses or
Pricing floating for floating or basis swaps, except that zero curves and forward rates will be derived for both legs of the swap accordingly.
First course on pricing interest rate swaps and cross currency swaps, that address basics of interest rate swaps, term structure modeling and boot strapping and mark to market and valuation.
While the Credit Analysis course started the discussion on financial and operating leverage and the thinking behind the borrowing decision, the Credit Process course focuses on the lending side of the equation.
This is the first course on credit analysis that focuses on the impact of leverage on a business. We look at two different instances of leverage – one financial, one operational and use that to calculate degrees of operational leverage. Degrees of operational leverage is an interesting concept that allows you to measure the impact on earnings for every dollar increase/decrease in sales on account of the combined leverage of a firm.