7:00 – 8:00 a.m. - Registration & Breakfast provided
8:00 – 9:45 a.m. - Basic Investment Structures and Cash Flows
Gain a fundamental understanding of commonly held investments and the application of key financial characteristics. The following will be covered: basic investment structures, bullet – CD, treasury and agency, floating rate securities, callable, and step-up structures.
Speaker: Adam Wolcott
9:45 – 10:00 a.m. - Break
10:00 – 11:30 a.m. - Understanding Key Principles and Financial Characteristics
Learn key financial characteristics, the proper application and common misapplications. The following will be covered: yield, spread, WAL, time value of money, durations (McCauley, modified, effective, spread), option-adjusted spread, and term structure of interest rates.
Speaker: Kevin Chiappetta, CFA
11:30 a.m. – 12:30 p.m. - Lunch provided
12:30 – 2:15 p.m. - MBS and CMO Basics, Structures, and Cash flows
The following will be covered: mortgage backed securities, collateralized mortgage obligations, common issuers and implications, and key factors that should impact risk adjusted returns.
Speaker: Adam Wolcott
2:15 – 2:30 p.m. - Break
2:30 – 4:00 p.m. - Developing Rish/Return Requirements for the Investment Portfolio
Learn how to show the Board and ALCO the role the investment portfolio plays as part of the balance sheet from first mitigating the net risk between shares and loans, generating returns and aligning clear risk, return benchmarks based on balance sheet interest rate
Speaker: Kevin Chiappetta, CFA