FORWARDS, FUTURES & SWAPS
PROGRAM OUTLINE
This is an introduction to derivatives looking at ‘Delta’s’ products. It forms a basis for understanding options, an approach that will continue into following classes.
PRE-REQUISTES
None required.
CONTENT
Forwards
– Risk characteristics vs. underlying assets (equity, bond, commodities, interest rates)
– Hedging
– Cash or physical settlement
Futures
– Comparison to forward contracts
– Marking-to-market
– Index futures
Pricing
– Spot-forward arbitrage-feee-pricing
– Where arbitrage-free pricing falls down
– Trade cashflows
Swaps
– Equity swaps
– Interest rate swaps
COURSE DURATION
1 Day
WHO SHOULD TAKE THIS COURSE?
Staff and clients who are new to derivatives, who want to understand the futures and swaps markets and also those intending on studying options in the future
MODULES
These courses are included in this module
INTRODUCTION TO FINANCIAL MARKETS: INTEREST RATES AND FX
To untangle the language and purpose of the financial markets and to enable students decide the direction of their futures studies/career.
GET STARTEDINTEREST RATE CALCULATIONS
To gain an understanding of the markets, terminology, and numerical workings of interest rates.
LEARN MOREOPTIONS AND STRATEGIES
To introduce the basic building blocks of risk management and structured products, explain who uses them and why. Attendees will also learn how to put options together to create option strategies which are regularly traded in the market
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