Basic EFA/EFP/EIP/EIP FC Course

Program  "CERTIFICATES: Strategies and Porfolio Management" - EFA/EPF/EIP/EIP FC (7 hrs A-type)
WHAT ARE CERTIFICATES

A structured package of options 
The primary market
The distributors, their role and competences
The secondary market, Sedex e Cert-X
The liquidability and the market maker role
The dividends
The coupons
The taxation of certificates
The ACEPI categories of products
ACEPI certificates' map.
The four cathegories of certificates
The ACEPI role
 INVESTMENT CERTIFICATES

Capital protected certificates
- EquityProtection and Digital Certificates

Conditional capital protected certificates
- Bonus
- Twin Win
- Express and Double Express, autocallability 

No protected certificates
- Benchmark
- Discount
- Outperformance
  
LEVERAGE CERTIFICATES
   
Dinamic leveraged certificates
Fixed leveraged certificates
Uses
compounding effect
   
FROM THEORY TO PRACTICE
   
Asimmetric payhoffs to create added value
Minus recovering with certificates' use
Risk profiles management
Portfolio optimization and diversification
How to use coupon certficates and get fiscal optimization
How invest on correlation to diversify portfolio and decrease overall risk 
The "hidden" broken value certificates value
Switch to recovery and negative stock position recovering