This course familiarizes students with aspects of credit risk in financial markets and focuses on basic means of credit risk measurement and control in the trading environment. Students review examples of financial market default, including the collapse of Barings Bank and Long Term Capital Management. The course focuses on operational and financial control issues for equities, options, and futures markets. Issues of capital requirements, internal control, audit techniques, and financial statement presentation are analyzed as they relate to broker- dealers, futures commission merchants, mutual and hedge funds. Dates and Requirements Courses meet one evening a week for 11 weeks at IIT's Downtown Campus, just blocks from Union Station and the major exchanges.
Admission requires completion of an undergraduate degree.
The Center is now accepting applications for the Fall Quarter which begins Augusts 28, 2000.