●Concession price ●IPO Secondary common stock offering 3.问题与应用（能力要求） o What are the different types of underwriting arrangements? 第3节Trading of Securities 1.主要内容 Various trading strategies used Private Placement of Securities Securitization ofAssets 2.基本概念和知识点 ●Market maker ● Bid-ask spread ●Riskless Arbitrage ●Risk Arbitrage ●Speculation ●Proprietary Trading Asset-backed securities Mortgage-backed securities 3.问题与应用（能力要求） What are the differences between riskless and risk arbitrage? 第4节Mergers and Acquisitions 1.主要内容 ●Merchant Banking ·Bridge financing Financial Restructuring Advising Trading and Creation of Derivative Instruments 2.基本概念和知识点 LBO ●Securities finance ● Securities lend ing ●Prime Brokerage ●Derivatives 8 ⚫ Concession price ⚫ IPO ⚫ Secondary common stock offering 3. 问题与应用（能力要求） ⚫ What are the different types of underwriting arrangements? 第 3 节 Trading of Securities 1. 主要内容 ⚫ Various trading strategies used ⚫ Private Placement of Securities ⚫ Securitization of Assets 2. 基本概念和知识点 ⚫ Market maker ⚫ Bid-ask spread ⚫ Riskless Arbitrage ⚫ Risk Arbitrage ⚫ Speculation ⚫ Proprietary Trading ⚫ Asset-backed securities ⚫ Mortgage-backed securities 3. 问题与应用（能力要求） ⚫ What are the differences between riskless and risk arbitrage? 第 4 节 Mergers and Acquisitions 1. 主要内容 ⚫ Merchant Banking ⚫ Bridge financing ⚫ Financial Restructuring Advising ⚫ Trading and Creation of Derivative Instruments 2. 基本概念和知识点 ⚫ LBO ⚫ Securities finance ⚫ Securities lending ⚫ Prime Brokerage ⚫ Derivatives