Introduction to Debt Capital Markets
If you are interested in how businesses work – probably at a slightly more detailed level You like maths that ‘works’ – less need to speculate on growth rates and uncontrollable factors DCM is the most successful franchise within RBS GBM and carries that kudos throughout the organisation The DCM analyst programme offers lots of variety with a minimum of 6 rotations, of which at least 4 will be within DCM If you still want to learn – we take analyst development very seriously If you want to work with great people DCM bankers have respect for your private life DCM is a great place to learn and develop
Life of a DCM analyst Fast-learner Creative and innovative thinker Attention to detail.
Work well under pressure 7. 30-8. 30am start.
Daily tasks: – Morning meetings – Market updates/reports – Other updates e. g. company pricing
Building models, producing presentations.
Collaboration: talking to traders, syndicate desks, Relationship Managers, other teams in DCM… Analysts events: training, networking lunch Positive Attitude. Should these client queries be directed to DCM, ECM, Corporate Finance, Markets or somewhere else?
Company CFO interested in divesting a non-core division; Institutional investor seeking to take risk on Greek sovereign default; Company CFO seeking to renew a syndicated loan facility; Bank of England seeking information on RBS exposure to Italian FIs; Company CFO seeking to understand the impact on his company credit rating of redeeming outstanding bonds; Company CFO seeking advice on complete capital restructure; Same CFO following up to understand how much capital she might raise via a rights issue and the effects of such a rights issue; Institutional investor seeking to attend a roadshow for an upcoming securitisation deal; Same investor seeking to switch his exposure in mortgage securitisation to exposure in auto securitisation; CFO of the same investment company seeking to raise capital in the private placement market.
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