Join us for this session where we will discuss duration and convexity in depth, translating both into plain English.
Background Duration and convexity are two of the most important concepts in measuring and managing interest rate risk. However, they are also two of the most commonly misunderstood and misapplied concepts. Join us for this session where we will discuss both concepts in depth, translating them into plain English. Most important, we will strive to move from a theoretical to a practical understanding, helping attendees to learn how to apply these concepts in their banks to achieve better results.
Agenda
Benefits Following this session, you’ll be able to:
• Understand and explain the various types of duration
• See how duration is often used in a misleading way to sell bonds
• Understand the importance of convexity and why it will be a major differentiating factor in performance when rates start to rise
• Better compare investments and loans in order to optimize asset mix
Who Should Attend • Chief Financial Officers
• Controllers
• Investment Officers
• Analysts
• Asset Liability Management Staff
• Risk Management Officers