Money Market Securities

• Interest rates: various types
• Zero coupon yield curve
• Interest-bearing securities
• Discount securities: bills and notes

Foreign Exchange Markets

• Spot and forward foreign exchange markets
  
• Forward points
  
• Arbitraging foreign exchange markets against money markets
• Swaps
  

Fixed Income Securities

• Characteristics of fixed income securities
• Pricing
• Risks
• Convertible securities
  • characteristics, types, valuation and risks
• Hybrid securities
  • variations on the "plain vanilla" theme
  • the role of options
  • common investor strategies
• Mortgage-backed and asset-backed securities
  • aggregated mortgages as structured, tradeable securities
  • types and attractions of the mortgage instrument
  • prepayment risk and cash flow behaviour
  • collateralised mortgage obligations (CMOs)
  • asset-backed securities