What you'll learn:
- • Understand liquidity management fundamentals and why liquidity is critical for banks, corporations, and other financial market participants
- Develop skills that are directly applicable to finance, accounting, banking, treasury, risk management, and financial systems roles
- Master the structure and use of money market instruments that support short-term funding and cash management
- Understand money market products: deposits, money market securities and repurchase agreements
- Understand repurchase agreements (repos) in depth, including collateral, margins, repricing, sell/buy-backs, and GMRA documentation
- Perform essential interest rate calculations, including coupon amounts, pricing, and yield comparisons
- Understand pricing money market products and make interest rate calculations: day conventions, zero coupon, bootstrapping, true yields and pure discount
- Calculate coupons for broken periods and convert yields
- Get essential knowledge to trade money market securities such as commercial paper, T-bills and certificates of deposit
- Understand forward rates and how an yield curve shifts
- Manage liquidity using repurchase agreements and security lending transactions
- Understand interbank and overnight market benchmarks such as LIBOR, SOFR and €ster
- What is the difference between the Domestic and Euro money market
- The characteristics of Classic Repo and (un) documented Sell buy Back
- How Central Banks use repos for money market liquidity
- Repo Custody of Collateral Arrangements: Delivery repo, Hold in Custody (HIC)
- Work capital managment
Money Market Skills Every Finance Professional Needs
This course is designed for anyone looking to build or deepen practical expertise in liquidity management.
It is ideal for:
Professionals starting or advancing a career in finance or investment banking
Risk and treasury professionals seeking to strengthen liquidity risk management skills
Financial analysts and financial modeling specialists
IT and finance professionals working with accounting and financial systems
Anyone with a strong interest in financial markets and liquidity dynamics
Whether you are building foundational knowledge or sharpening professional skills, this course provides clear, practical, and comprehensive content to help you master liquidity management.
Liquidity is the lifeblood of finance. Without it, even the strongest institutions can grind to a halt. From global banks to corporations and governments, the ability to meet short-term obligations isn’t just important, it’s essential.
That’s why mastering liquidity management is one of the most valuable skills in modern finance. In this course, you’ll:
Build a clear understanding of how banks are exposed to liquidity risk and how they measure and manage liquidity.
Explore essential money market instruments: the backbone tools that keep banks, corporations, and governments running smoothly.
Manage short-term funding like a pro: how use money market instruments to handle cash flow, working capital, and liquidity challenges.
Sharpen your calculation skills to calculate interest coupon amounts and security prices.
Practice and master the basics of interest rate math used daily in the markets to compare investment yields.
Master money market securities, dive into Treasury Bills, Certificates of Deposit, and Commercial Paper.
Understand repos inside and out, learn how repurchase agreements work, including collateral, GMRA documentation, sell/buy backs, repricing and margins.
You will learn how banks manage liquidity risk in practice, including how they measure liquidity exposure and implement preventive risk-mitigation procedures to address liquidity crises. The course covers key money market instruments, such as tradable securities and repurchase agreements (repos), and explains how these tools are used in real-world banking and financial operations. You will also master essential interest rate calculations and explore key money market benchmarks.
This course combines theory with practical examples, making complex financial concepts accessible and directly applicable to real-world finance and banking environments.
Course Format
2 hours of video lectures – practical, step-by-step explanations
Downloadable PDFs (20 pages) – reference materials you can keep forever
42 multiple-choice quiz questions – to test and strengthen your knowledge
Course Breakdown
Section 2: Liquidity Risk management in banks: financial analysis and accounting
Why and how banks create maturity mismatches that exposes them to liquidity risk
Define liquidity risk for banks
Off-market refinance rates and immediate threat to bank operations
The tasks of the Liquidity Risk Committee
Tools to measure liquidity risk exposure
Procedures, strategies and products to manage liquidity
Section 3: Financial markets and money markets, Investment Banking, Financial modeling
What happens on financial markets;
How is financial market trading organized
An overview of the traded products: traditional and derivatives
Financial products prices and benchmarks
What happens on money markets that motivates trading.
Which products are used for cash management using deposits, money market securities and repos, or derivatives for managing market risk.
The difference between domestic and euro-markets.
Several international day count conventions and which apply for the money markets.
Different money market deposit types.
What are the main money market benchmarks, such as LIBOR and recently introduced overnight rates, the euro short term rate (€ster) and the secured overnight financing rate (SOFR) in the United States.
Section 4 – Accounting and financial analysis: Basic Interest Rate calculations
Calculate coupon (interest) amounts for short-term money market investments and loans
Understand annual yield quoting, day count conventions, and year basis
Apply coupon interest formulas to different investment periods
Derive money market yields (rates of return) from coupon amounts
Compare yield quotes using different day count conventions
Convert yields to enable fair comparisons across instruments
Analyse the impact of business day rules, date adjustment, and end-of-month conventions
Calculate yields for non-regular (broken) periods using standard market quotes
Master core time value of money concepts: present value and future value
Apply compounding and day count conventions to fixed income instruments
Compare annual, semi-annual, and other coupon frequency structures
Distinguish between true yields and pure discount rates
Price pure discount money market securities
Convert between discount rates and true yields for accurate comparisons
Interpret yield curves and their shapes (normal, steepening, flattening, inverted)
Derive forward rates from spot rates to infer market expectations
Section 5 – Tradable Money Market Securities
Features of different types of money market securities
T-Bills auctions in the UK and USA
The calculation of initial consideration at issue date of US T-bills (pure discount) and other securities (pure yield)
Maturity considerations
Coupon bearing certificates of deposit specifications
The issue of commercial paper issued by companies
Section 6 – Repurchase Agreements (Repos)
Legal vs. economic ownership
Collateral types and GMRA documentation
Handling failures to deliver collateral
Special trading practices
Sell/buy-back transactions
Repricing and margins
Role of repo agents
OUR OTHER UDEMY AVAILABLE COURSES
If you work for a bank or other financial institution and want to boost your career: Udemy eLearning works!
Since 2005 we design education programs for professionals who do not have a background in finance.
More than 40.000 have already participated in our low cost programs:
Explore our Udemy eLearning
Understand Banks & Financial Markets
Risk Management in Financial Services
KYC & CDD Finance Training: Spotting Money Laundering
Finance in practice: Currency Risk & Transactions
Finance - Capital Market: Understand Bonds
If you have any questions or would like more information about our eLearning or classroom programs, please feel free to contact me.
