We take a look at the implied forward Libor curve which is used to price interest rate swaps and options. Despite the disappearance of Libor and replacement across many markets by overnight reference rates or risk-free indices, derivative and treasury practitioners need to understand how and why forward curves exist.

Understanding the relationship between a forward curve and a fixed / swap rate will help a treasurer devise a tailored risk management strategy.

Courses on Options as well as Foreign Exchange are available on swapskills.teachable.com.

Perfect for finance majors, bankers , accountants, treasurers and anyone who wants to enhance their career opportunities in the financial markets.

Simon Rogers has over 35 years experience in banking, mainly in the derivatives markets, and has trained all around the world to financial institutions, companies, regulators and Government agencies at all levels of experience.

Simon is an accredited trainer for the ACI Dealing Certificate (New Version), see www.acifma.com.

You will find free booklets on various financial and capital markets topics at www.swapskills.com.

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