Shares

After this course, you will understand the operating principles and organisation of the share market, having analysed:

• The source and development of variable incomethese securities
• The players and parties involved
• The basic characteristics of shares (physical presentation, types of shares, shares which do or do not represent capital…) and the regulatory aspects relating to their issue
• The various types of share markets and categories, not forgetting the new market organisations including requirements laid down by MIF 2 (MIFIR and MiFID 2)
• The main corporate actions (CAs) on these securities (simple and complex corporate actions)
• The risks involved in investing in shares
• The rights and obligations of shareholders
• The main tools for valuing a share
• The main area of use in the banking and financial field

• The origins of variable income securities
• International development and changes in the equity market
• Impact and constraints of MIFIR and MIFID I and II in terms of market organisation and transparency
• Remuneration of the bank
• Description of disintermediation
• Types of players and parties involved
• Basic characteristics
• The various types of markets and indices
• Organisation of an equity market
  • Conditions of admission
  • Flotation procedures
  • Listing
  • Settlement and delivery
• Share issues on formation of a company and regulatory aspects
• The various types of shares
• The main corporate actions - CAs
  • Increase in capital
  • Detachment of dividend
  • Takeover bid, share exchange, public buyback offer
• Topography and assessment of the risks inherent in an investment in shares
• Rights and obligations of the shareholder
• Importance of financial information
• The principles and foundations of valuing a share
• Remuneration of the bank