Forwards, futures, options, swaps – this series explains the fundamentals of different derivative instruments. Tools used in hedging and peculating strategies are reviewed, as well as ways in which these tools are used by both individual and institutional investors around the world. The series covers futures pricing, the Greeks and the various options positions, and explains the basic structure of plain vanilla swaps and how corporations use swaps to manage their risk. It ends with a discussion of how futures and options are traded and the use of margin.
Who should take this course:
Traders, sales and business development professionals, back office staff, financial analysts, auditors and compliance staff.
Prerequisites:
None
Training Hours/CPE Credits:
7
Modules
Basics of Forwards and Futures
Module Code
:
derv_1025
Level
:
Basic
Training Hours/ CPE Credits
:
2
Module Description: There are many features that distinguish futures and forwards, and this module will discuss these in detail. Because forwards and futures originated in the commodities markets and are distinguished in some respects more clearly in those markets, we have used commodities as a consistent example throughout this module, supplemented with common financial instruments such as foreign exchange and stock indexes.
Learning Objectives:
When you complete this module you will be able to:
Distinguish between forward and futures contracts
Recognize how forward and futures contracts work
Identify methods using forwards and futures for hedging and speculation
Introduction to Options
Module Code
:
derv_1026
Level
:
Basic
Training Hours/ CPE Credits
:
2
Module Description:
This module looks at the basics of equity and commodity options.
Learning Objectives:
When you complete this module you will be able to:
Recognize the terms used when investing with options
Describe basic option strategies
Determine the appropriate option vehicle for different investment goals
Differentiate between covered and uncovered positions
Describe the relationship of the factors affecting the price of an option
Trading Derivatives
Module Code
:
derv_1027
Level
:
Basic
Training Hours/ CPE Credits
:
1
Module Description:
This module deals with: how futures and options are traded, the effects of margin and leverage on positions, and auction and electronic exchanges.
Learning Objectives:
When you complete this module you will be able to:
Understand how futures and options are traded
Identify margin requirements
Describe the effects of margin on option and futures trading
Introduction to Swaps
Module Code
:
derv_1028
Level
:
Basic
Training Hours/ CPE Credits
:
2
Module Description:
This module provides an overview of various swaps and their characteristics.
Learning Objectives:
When you complete this module, you will be able to:
Define a swap
Identify the structure of a swap agreement
Describe applications of swaps
Recognize how swap agreements are facilitated
