By the end of this training course, trainees will be able to : -          Distinguish between the various markets trading structures (Over-the-counter and exchange-traded, etc.) and settlement processes. -          Define and describe the Money Market instruments (E.g. T-bills, CDs, CPs, Time deposits etc.) and discuss the current funding rates and the libor transition. -          Identify the main  Money Market (MM) players and appreciate the critical role played by money markets in liquidity management. -          Distinguish between the FX markets (spot and forward) and describe the various characteristics of these markets.  -          Explain the role of FX in financial economies. -          Explain bonds and the various terms and conditions they usually have. -          Recognize the characteristics of bonds using concepts of duration, convexity and yield. -          Price different types of bonds and apply the concept of time value of money. -          Define the equities and commodities. -          Define derivatives, describe the features and uses of derivatives (Futures, Swaps, Options, Credit Derivatives).