## Financial Markets and Instruments (FMI)

## Source details

**Canonical URL:** [Financial Markets and Instruments (FMI)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2024/fmict24-10)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ct/2024/fmict24-10/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ct/2024/fmict24-10/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ct/2024/fmict24-10/bundle-manifest.json)

## Bibliographic details
- Session: CT 24.10
- Location: Dalian, China
- Dates: September 2-6, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English

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### Training program and invitation details
- Session No.: CT 24.10
- Location: Dalian, China
- Date: September 2-6, 2024 (1 week)
- Delivery Method: In-person Training
- Primary Language: English
- Target Audience:
  - Mid-level to senior officials in central banks, ministries of finance, and financial regulatory agencies
  - Officials interested in more advanced finance topics than those covered in the Financial Market Analysis course

### Qualifications and prerequisites
- Expected background:
  - Advanced degree in economics or finance or equivalent work experience
  - Proficiency in Microsoft Excel spreadsheets (course requires heavy use)
- Recommended prior training:
  - Strong recommendation that applicants first complete the online Financial Market Analysis (FMAx) course

### Course description and structure
- Presented by the Institute for Capacity Development
- Content scope:
  - Foundation in financial instruments beyond standard treatment of bonds and equity covered in FMAx
  - Short review followed by coverage of forwards, futures, swaps, and options
  - Combination of building-block instruments with practical applications
  - Policy implications related to regulation of financial markets (note: a separate course devoted to financial sector policies is recommended for those interested)
- Teaching methods:
  - Lectures introducing underlying theory
  - Workshops and case studies for applied learning and testing understanding of instrument strategies
  - Emphasis on misuse of financial instruments and how misuse can lead to large losses and financial instability
- Participant deliverable:
  - Final presentations on a set of predetermined current financial market issues

### Course objectives
Upon completion, participants should be able to:
- Explain the economic rationale for various financial instruments and markets.
- Identify and use the building blocks presented in the course to construct financial instruments.
- Use basic pricing models to identify possible mispricing and misuse of financial instruments.
- Identify threats to financial stability in markets and instruments based on case studies of previous financial crises.
- Extract lessons from previous financial stability threats to try to prevent their recurrence.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2024/fmict24-10_