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Markets & Investing Essentials

We share the knowledge that underpins our own work. A structured, practitioner-led programme covering instruments, valuation, credit, risk, structuring and market conduct.

Knowledge, openly shared

Credit Foncier International provides courses about financial markets to those willing to take them. We ask only for genuine interest and commitment from every participant, and we hold the material to the same standard we apply to our own analysis.

Sessions are led by professionals with experience in financial analysis, modelling, markets and risk. They cover the disciplines applied in our analytical work: rigorous evaluation, documented reasoning and conservative treatment of risk. Participants are taught how a decision is reached and recorded, not merely what the conclusion was.

The programme is educational in nature. It does not constitute investment advice, does not recommend any instrument, and is not an offer of any financial product or service.

Enquire about a place

How we teach

Four principles govern every module, whatever the level of the participant.

01

Taught by practitioners

Every session is delivered by professionals with experience in financial analysis, modelling, markets and risk, drawing on practical experience rather than textbook abstraction.

02

Evidence before opinion

Participants are taught to source, verify and cite before forming a view. A conclusion that cannot be evidenced is treated as incomplete work.

03

Risk first

Downside is examined before return in every module. Capital preservation is presented as the discipline that makes long-term participation possible.

04

Educational, not advisory

The programme teaches method and vocabulary. It does not recommend instruments, forecast prices or constitute an offer of any financial product.

Curriculum

Eight modules across three levels. Modules may be taken as part of a pathway or, where a participant already has the relevant grounding, individually.

01Foundation

Foundations of Financial Markets

How capital markets are organised: participants, primary and secondary issuance, exchanges and over-the-counter venues, clearing, settlement cycles and the role of regulation.

  • Market participants and their incentives
  • Primary issuance versus secondary trading
  • Clearing, settlement and custody
  • Regulatory architecture across jurisdictions
02Foundation

Instruments & Valuation

Equities, fixed income, commodities and derivatives — the cash flows each instrument represents, how those cash flows are discounted, and where value is genuinely created rather than transferred.

  • Discounted cash flow and terminal value
  • Yield, duration and convexity
  • Relative valuation and comparables
  • Optionality and the basics of derivative pricing
03Core

Financial Statement Analysis

Reading a set of accounts the way a credit analyst reads them: reconciling earnings to cash, identifying accounting choices and locating the obligations that sit outside the balance sheet.

  • From earnings to free cash flow
  • Working capital and the cash conversion cycle
  • Off-balance-sheet exposure and contingent liabilities
  • Quality-of-earnings red flags
04Core

Credit & Counterparty Assessment

How lending decisions are actually taken: capacity, collateral, covenants and conduct, and how a counterparty file is assembled, challenged and documented before capital is committed.

  • Credit metrics and coverage ratios
  • Security packages and enforceability
  • Covenant design and monitoring
  • Committee papers and defensible recommendations
05Core

Risk & Portfolio Construction

Diversification, correlation, position sizing and drawdown control — the conservative frameworks used in professional practice, including what those frameworks fail to capture.

  • Correlation and its instability under stress
  • Position sizing and concentration limits
  • Drawdown, recovery mathematics and sequencing
  • Scenario analysis and stress testing
06Advanced

Project & Structured Finance

How transactions are structured, secured, disbursed and monitored, from feasibility study through milestone drawdown to repayment or exit.

  • Feasibility and bankability assessment
  • Milestone-based disbursement schedules
  • Security, guarantees and intercreditor issues
  • Monitoring, remediation and exit
07Advanced

Commodities & Real Assets

Physical markets and the financing that supports them: pricing conventions, quality and delivery terms, storage and logistics, and the specific risks of asset-backed lending.

  • Spot, forward and benchmark pricing
  • Valuation of physical collateral
  • Storage, insurance and title
  • Loan-to-value discipline and margin mechanics
08Advanced

Compliance, AML & Market Conduct

Know-your-counterparty procedures, sanctions and anti-money-laundering screening, market abuse rules, and the professional conduct expected of anyone handling client information.

  • KYC and beneficial ownership
  • Sanctions and AML screening in practice
  • Market abuse and information barriers
  • Confidentiality and record-keeping obligations

Learning pathways

Four routes through the curriculum, each with its own pace, module selection and intended outcome.

01Four sessions

Introduction to Markets

Modules 01 and 02, delivered at an introductory pace with no prior finance background assumed. Suitable for students, career changers and first-time investors.

Outcome: Read a market report, understand an instrument's cash flows and follow a valuation discussion.

02Eight sessions

Analyst Foundations

Modules 01 to 05, with written exercises after each session and a reviewed analytical note at the end. The closest equivalent to our internal induction.

Outcome: Build a defensible financial model and write a structured recommendation.

03Six sessions

Structured Finance Intensive

Modules 04, 06 and 07 for participants with existing finance experience who want depth on how secured transactions are structured and documented in the market.

Outcome: Structure a milestone-based facility and articulate its security package.

04Three sessions

Conduct & Compliance

Module 08 delivered as a standalone pathway for operations, legal and administrative professionals working alongside analytical teams.

Outcome: Apply KYC, sanctions and confidentiality standards to everyday casework.

Admissions

Places are allocated on a rolling basis throughout the year.

01

Enquiry

Write to us with a short note on your background, the pathway that interests you and what you intend to do with the material.

02

Review

We assess fit against the pathway rather than against academic credentials. There is no entrance examination.

03

Placement

You are placed in the next cohort with a confirmed schedule, reading list and session materials circulated in advance.

04

Participation

Attendance and completion of written exercises are expected. Places are limited and are reallocated where commitment lapses.

Request a place

Write to us with a short note about your background, the pathway that interests you and what you would like to learn. Places are allocated on a rolling basis throughout the year.